Tag Archives: CFA

Kampala, Uganda | THE INDEPENDENT | On October 17, 2024, Uganda will host the “Heads of State Summit,” bringing together 11 heads of state from countries within the Nile Basin. This summit, the highest decision-making body of the Nile Basin Corporation, is crucial for addressing political issues and directing the effective …

Abuja, Nigeria | AFP |  English-speaking West African countries on Thursday criticised a move to rename the CFA franc used by former French colonies, saying the move jarred with plans to introduce a region-wide currency of the same name. Members of the West African Monetary Zone (WAMZ) Convergence Council said …

Abidjan, Ivory Coast | AFP | Eight West African countries Saturday agreed to change the name of their common currency to Eco and severed the CFA franc’s links to former colonial ruler France. The CFA franc was initially pegged to the French franc and has been linked to the euro …

The extraordinary Nile Council of Ministers (Nile-COM) meeting in Entebbe has rejected demands by Egypt for greater control of activities related to the flow of the river Nile. Uganda, Burundi, Kenya, Tanzania, Rwanda, South Sudan and Sudan were unanimous on Monday in seeking a revision of  proposals that Egypt, led by …