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 (…

Achieving climate targets with renewable energy will require 500% more minerals by 2050

Production of minerals such as graphite, lithium and cobalt will need to increase by 500% by 2050 to meet the growing global demand for clean energy. This is the main information in the report "Minerals for Climate Action: The mineral intensity of the clean energy transition" published by the World Bank.
Achieving climate targets with renewable energy will require 500% more minerals by 2050

According to the study, it will take more than 3 billion tonnes of minerals and metals to put in place the solar, wind and geothermal infrastructure necessary to reach the goal of limiting global warming to less than 2 ° C. However, experts say, the carbon footprint of extracting these materials will represent only 6% of greenhouse gas emissions from fossil energy technologies for an equivalent amount of energy.

The report also highlights the important role that mineral recycling and reuse can play in meeting growing demand. This contribution will certainly be important for minerals such as copper or aluminum that can be 100% recycled, but it will not be sufficient.