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 (…

Algeria: a Normal School for training in renewable energy professions, soon to be implemented

Algeria plans to set up a higher training school for renewable energy, environment and sustainable development. The Minister of Higher Education has just presented a draft decree which will make possible the establishment of such an institution.
 
a Normal School for training in renewable energy professions, soon to be implemented

The establishment of this center is part of the energy transition policy implemented by the country. "The institution aims to develop new training sectors related to the energy transition and to participate in research and technological innovation activities in partnership with the economic sector," said Algerian Prime Minister Abdelaziz Djerad.



Algeria has set itself the goal of setting up 22,000 MW of renewable energy plants by 2030.