BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

Shopify cancels annual conference due to coronavirus

Shopify says the recent outbreak of the new coronavirus prompted it to cancel its annual conference. The Ottawa-based e-commerce giant said its Unite conference is scheduled to take place in Toronto on May 7, but evolving public health concerns have thwarted these plans.

Shopify Office Inside

The company said in a statement to The Canadian Press that it believes that canceling the conference is the best option to ensure that the health and safety of attendees is not at risk.

Shopify is in the process of contacting those who planned to attend, issuing refunds on tickets and figuring out how to advertise the products and services it plans to reveal during the conference.

According to the company, more than 1,000 people from around the world have attended the conference in the past two years. At these events, attendees were the first to discover the company’s plans for its distribution network in the United States and its first physical location in California.

The new form of the coronavirus, COVID − 19, has infected a handful of Canadians and tens of thousands around the world.