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 (…

Airbnb makes reimbursement easier for travelers and hosts

Airbnb is easing its regulations and updating its commercial policy: it will not apply cancellation fees to all guests and travelers around the world until June 1. Since the beginning of the COVID-19 epidemic which rages in the world, Airbnb takes new measures and adapts its system. If, since January, it has made it impossible to book stays in China, the platform is developing new offers for guests.

Airbnb makes reimbursement easier for travelers and hosts

Until now, there were six degrees of cancellations: "flexible, moderate, strict long term, very strict 30 and very strict 60". From now on, Airbnb will highlight the new category, called “More flexible booking”. This makes it easier for users to postpone or cancel their trips. "When a crisis like the coronavirus hits, we know that hosts and guests will be affected. Hosts lose revenue they count on to make ends meet, and customers lose their savings for hard-won vacations. We strive to support both parties and are implementing several actions ”. Airbnb is now waiving the 3% service charge for those who agree to reimburse travelers an amount greater than Airbnb rules. Customers who must cancel a reservation made after March 10 and until June 1, and who cannot benefit from a reimbursement of service fees, will be able to benefit from a travel coupon which can be used at a future stay.

In areas severely affected by coronavirus, full reimbursement may be available in the event of "extenuating circumstances". Despite the refund policy chosen by the host, it will be possible to recover 100% of the amount. Brian Chesky, CEO of Airbnb said "We don't want the customer to feel compelled to travel because they can't get their money back". This health crisis will heavily affect the San Francisco firm and certainly delay its IPO, scheduled for this year.