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 (…

African continent is suffocating under urban pollution

With one million deaths linked to air pollution, Africa is the most polluted region in the world after South Asia, according to the WHO. An alarming finding that mobilizes governments. Today, the use of solid fuels, such as coal or wood, for cooking by nearly 1 billion people fuels household pollution, responsible for 24% of deaths in Africa, according to the World Health Organization (WHO). In addition, the African Continent which shelters 16% of the world population and has only 3% of motorized vehicles is nevertheless very impacted by pollution linked to transport, responsible for 50% of premature deaths, according to Climate Change News.
African continent is suffocating under urban pollution

Dying megalopolises

Between 1990 and 2013, outdoor pollution increased by 36% on a continent where the rate of industrialization remains low. In the west, growth remains intrinsically linked to gas and oil, and feeds exponential pollution. Also, companies that support African growth such as Shell, Total, BP or ExxonMobil are regularly singled out.

Last July, the South African newspaper Mail & Guardian revealed in an article titled "Breathing Kills" the consequences of pollution that suffocates urban residents of South Africa, where 20,000 deaths a year are attributed to air breathing. "Half the time, pollution exceeds acceptable levels for health [...] 15% of the time, we could speak of airpocalypse", could be read in the South African weekly.

Pollution is the main cause of death for African children under the age of 5, exposed to levels of pollution far above WHO recommendations. As for the city of Onitsha in Nigeria, it has become famous for its highest concentration of PM10 in the world, the finest particles, according to the WHO, 30 times more than the recommended level. Ethiopia, Nigeria and Egypt rank first among the most polluted countries and, in North Africa, annual pollution averages are five times higher than the authorized limits. Finally, what about Madagascar where 20% of deaths are attributed to it?

Hunting plastic and imports from another age

However, African governments are responding. Last May, Tanzania was the 34th African country to ban the use of plastic bags that pollute the urban landscape. Anyone producing or importing plastic bags is now liable to a fine of 390,000 euros or a prison term of up to two years. As for bag holders, they are liable to a fine of 79 euros and up to seven days in prison!

In Kenya, since August 2017, the law is just as strict and provides for a fine of up to 32,000 euros and four years in prison: no more "flying toilets" or bags that disfigure the mythical hills of Ngong. Africa legislates. This is particularly the case with the import of old vehicles from Europe. Senegal has recently banned the entry of any vehicle over eight years old on pain of being “re-exported within two months or destroyed on expiration at the expense of the owner or importer, without prejudice to penalty of 2 million CFA francs ”. To date, Dakar concentrates 70% of the vehicles in circulation in Senegal and represents the 91st most polluted city in the world.