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 (…

Back to the office in 2021 at Google and Facebook

Most Google and Facebook employees will continue to work from home until the end of the year, although offices are expected to reopen this summer, depending on the evolution of the COVID-19 pandemic.
Back to the office in 2021 at Google and Facebook

Sundar Pichai, CEO of Alphabet (Google’s parent company), told employees that they will likely be working from home for the rest of 2020, according to information confirmed by Google.

The boss spoke to staff Thursday at a weekly general meeting, online.

He explained that those needing to return to the office will be able to do so in June or July, using enhanced security measures. But they will be the exception.

Alphabet employs more than 100,000 people worldwide.

At the end of April the group had already specified that telework would continue at least until June 1, and that the return would be "staggered" and "incremental".

Same story with Facebook, according to the American media.

The global social network plans to reopen its various offices from July 6, but that all its employees who wish can continue to work from home until 2021.

Facebook employed 45,000 people worldwide at the end of 2019 (not counting the thousands of workers employed by subcontractors) and plans to recruit 10,000 more to accelerate the development of its product and service offer, particularly suited to measures of social distancing.

Mark Zuckerberg, the group's boss, had already announced last month that his group would not hold rallies of more than 50 people until July 2021 at best.