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 (…

Metro will build a distribution center in Terrebonne | Canada

Quebec food giant Metro announced Wednesday that it will invest $ 420 million over five years in the construction of a new automated distribution center for fresh and frozen products, which will open in 2023 in Terrebonne, in Lanaudière.

Quebec food giant Metro

This investment in Quebec is in addition to the $ 400 million injected into Ontario for the modernization of the distribution centers in Toronto.

In addition, Metro will expand its distribution center for fruits and vegetables and dairy products by Laval by 20,000 square feet by 2024.

Eric La Flèche
, President and CEO of Metro, reports that the new distribution center, which will cover more than 600,000 square feet, will use advanced technologies to achieve significant efficiency gains. He believes the company will be able to improve its service to the store network with increased accuracy and reduced handling time.

Metro employees who work in the existing distribution centers of Montreal − North for frozen and meat products and of Rivière − des − Prairies / Pointe − aux − Trembles for seafood will be transferred to the new distribution center of Terrebonne.