AFD grants CREPMF €2 million to enhance the growth of WAMU financial market
Monday, 10 February 2020 17:47
The regional council for public savings and financial markets (CREPMF) recently received from the French Development Agency (AFD) €2 million (XOF1.3 billion). An agreement was inked last week between the two parties.
This facility should help stimulate the WAMU’s financial market, as part of the Project to Accelerate the Sustainable Development of the Regional Financial Market (PACDEM). The latter has three main objectives: boost market regulation, prevent and manage risks, and better protect and educate, financially, the investors.
The PACDEM is part of key priorities to develop the WAMU’s regional financial market in 2020-2024.
According to the president of this institution, Mamadou Ndiaye, “the facility will consolidate the substantial efforts made by the WAMU States in line with the reform of its market, in addition to making our financial system safer.”
Created in July 1996, the CREPMF regroups eight WAMU States, namely: Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo.
Live News
-
Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
16:17
-
Togo: Ministry of Higher Education Reviews Key Scientific Research and Innovation Program in Recent B2B meeting
18:13
-
Algeria Awards Commercial 5G Licenses
18:12
-
IMF Approves $262 Million Disbursement for Ethiopia
18:06
-
Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
18:05
-
Flutterwave Secures 20 Additional Money Transmitter Licenses Across the U.S
17:24
-
Onafriq Launches Cross-Border Payment Service Between Ghana and Nigeria
16:40
-
Liquify Raises $1.5M Seed Round to Expand Invoice Financing Across Africa
16:11
-
Morocco: Mohamed Benmansour Streamlines Hotel Booking for Businesses
15:34
-
University of Lomé to Train Future Aviation Professionals
13:47
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...