Measuring the pulse of Economic Transformation in West Africa
West Africa is at the heart of Africa’s transformation. With a projected growth rate of 7.4 per cent in 2014, it is the fastest growing region in the continent. As many of its countries undergo a strong stabilization, emerge from conflict, or even rise to middle income status, the region begins to reap the fruits of its regional and global integration. A global demand for expert opinions and analysis is rising rapidly. Read More
The creation of a single currency in West Africa remains a timely and relevant project. This is despite post Euro zone crisis uncertainties, and the postponement, for the fourth consecutive time, of the introduction of a single currency in member countries of the West African Monetary Zone.
Several countries in West Africa have established ambitious development programs that aim for strong and sustained growth that significantly reduces poverty. In order to finance these programs, countries are increasingly moving towards low-concessional or non-concessional funds, such as securities issued on international financial markets.
Benin’s economic landscape is characterized by the Government’s intention to implement structural investment programmes in several economic sectors (transportation, energy, health, tourism, agriculture, etc.). Of a total amount of 6,529 billion CFA francs, or USD 13.8 billion, covering the 2014-2018 period, this development strategy seeks to raise the investment rate to about 27% of GDP in 2018, compared to 19% in 2013.
Arriving in Benin, you will certainly notice all the cans and fuel bottles sold on every street corner. This fuel, 30% cheaper than its counterpart in official gas stations, represents more than 80% of the fuel market in the country. This smuggled gas called "kpayo" (literally "not original" in the local Goun language) is imported illegally from neighbouring Nigeria, where fuel is heavily subsidized.
A évoquer le commerce extérieur du Bénin ou les opportunités de marchés que le pays recèle, on ne peut s’empêcher de porter une attention toute particulière à ses relations avec son grand voisin, le Nigéria.
- KPMG Africa Blog
- UN Women, West and Central Africa
- The Trade Post | Making international trade work for development
- Institute for Security Studies: West Africa
- Oxfam: West Africa blog
- CGD Policy Blogs | Center For Global Development
- NEPAD blogs | NEPAD
- blogAfrica | allAfrica
- Baobab | The Economist
- United Nations Office for West Africa
- Nasikiliza | World Bank in Africa