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The CEO of ICD, Khaled Mohammed Al Aboodi commented, "The ICD will do its best to contribute in the transformation of the WAEMU Capital Market.
With 913 billion worth of CFA funds raised to date, BOAD is positioned as the first non-sovereign issuer in the WAEMU zone.
The plan was for the WAMZ countries to adopt a single currency, the eco, by 2003 and later merge with WAEMU to become a single monetary zone with a common currency.
The Ivorian banking system is one of the most profitable in the WAEMU, and the banking industry continues to grow -- Cote d'Ivoire's banking assets reached CFA9.51tn ($17bn) in 2017, up approximately 11% over the same period as in 2016, driven by the strong economic growth.
Membership of West African Economic and Monetary Union (WAEMU) means Senegal benefits from a stable currency and moderate inflation.
Other currency unions namely Economic and Monetary Community of Central Africa (CEMAC), West African Economic and Monetary Union (WAEMU) and East Caribbean Currency Area (ECCA) are also examples of countries from the same region using the same currency for economic reasons.
Attijariwafa bank is a leading banking and financial Group in North Africa, WAEMU (West African Economic and Monetary Union) and EMCCA (Economic and Monetary Community of Central Africa).
The sources said Pakistan and Senegal agreed to address difficulties of trade between two countries; the Pakistan side has sought Senegal's support to establish a trade partnership with Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU).
At the diplomatic level, several steps have already been made to foster the process of sub-regional economic integration, including the negotiations between Tunisia and the West African Economic and Monetary Union (WAEMU) on the establishment of a preferential trade agreement and the request made to the the Common Market for Eastern and Southern Africa (COMESA) Secretariat to join this group.
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- Wady Zerka
- WAEG (FM)
- Waerden, Bartel Leendert Van Der