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Benin

The Ivorian leader and current WAEMU president Alassane Ouattara in Abidjan on 5 December 2022.
The Ivorian leader and current WAEMU president Alassane Ouattara in Abidjan on 5 December 2022. © Legnan Koula/EPA/MaxPPP

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West African leaders meet to address financial turmoil

West African Economic and Monetary Union heads of state are due to meet on 14 December to discuss the financial woes of the French-speaking economic organisation, which is burdened by a dearth of foreign currency, difficulties in borrowing on the markets and major unpaid debts.
LogoSubscribers only Finance, Diplomacy 13.12.2024
Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers' Organization, in Cairo, on 14 February 2022.
Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers' Organization, in Cairo, on 14 February 2022. © Amr Abdallah Dalsh/Reuters

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Africa Energy Bank hampered at the starting blocks

African governments have been slow in releasing the funds promised for the future African hydrocarbon bank. The project, led by Nigeria's Omar Farouk Ibrahim, is scheduled to launch in the first quarter of 2025, but only a portion of the financing it needs has been raised.
LogoSubscribers only Energy 19.11.2024

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