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 (…

Motorhomes and vans are the big winners of the deconfinement

Motorhomes and vans, which allow you to enjoy the great outdoors while respecting social distances, have won over a new audience since the deconfinement and gradual lifting of travel restrictions in France.

Motorhomes and vans are the big winners of the deconfinement

How to enjoy your vacation while respecting social distancing in these times of pandemic? In the Pyrénées-Atlantiques, Yann Lapointe decided to arrange a van to go on a family weekend. "It was clearly the limitation of the 100 km that gave birth to the idea," enthuses this 43-year-old boat instructor. We realized that we have a region which is extraordinary and that we have not seen a quarter of it. "Like Yann, who admits having" camped three times in his life ", the French will be numerous this summer to learn about "van life".

With 2 million motorhomes in circulation in Europe, including nearly 505,000 in France, the sector has grown over the past ten years. Since the deconfinement of the concessions on May 11, "there is an important recovery", enthuses Hervé Gautier, director of operations of the builders' union UNI VDL. Some 3,529 new motorhomes and vans were registered in May, i.e. + 1.82% compared to May 2019, despite having only been open for three weeks since deconfinement.

For Caroline Matichard, of the Federation of Campers, Caravans and Motorhomes (FFCC), "there is a real craze for the uninitiated. People say + with a motorhome, no worries, I respect the social distancing +. " This enthusiasm is due as much to "the desire for the great outdoors after two confined months" as to "control of the level of exposure to the crowd", according to Benoît Panel, co-founder of the motorhome rental platform between individuals Yescapa . "The side + vacation à la carte + explains the trend for several years. The most this year is the level of exposure + à la carte +."

"In the end, we have little contact with the outside world, we can be enough for ourselves," says Yvon Mingant, a retired Breton and motorhome driver for 40 years. "No need to go to restaurants, the only obligation is to go to gas stations." The jump in demand is particularly marked for rental vehicles: Yescapa recorded more than 8,000 reservation requests in two weeks, 20% more than last year at the same period, with more than 300 requests per day. "We went from nothing to everything. It was an emotional roller coaster," notes Benoît Panel, who speaks of "two months of almost complete cessation". The group thought it would have to lay off but has just relaunched offers to increase its workforce by a third.

The Avis group's motorhome franchise has seen the number of daily bookings double since the deconfinement compared to the same period last year. "We are going to have a great season in France, but that will not be enough to fulfill our objectives for the year", tempers Antoine Vaucher, general manager of Avis Car Away, who fears that the requests will not compensate for the massive cancellations and the loss of foreign customers.

The group is banking on a flexible cancellation policy and is playing the "change of scenery in France" card to attract holidaymakers forced to give up distant destinations. Result: the share of new clients among tenants has doubled since the deconfinement. A trend that is found in dealerships. "We had extremely strong demand," notes François Feuillet, president of Trigano, the European leader in motorhomes. "People wanted to make sure they got their camper as soon as possible."

He estimates that less than 20% of demand comes from former customers, up from 45% last year. In May, the automaker's French distributors recorded 20 to 30% more orders compared to 2019. Some did not wait for the concessions to reopen. "It is very difficult to understand why a couple will buy a vehicle on the internet that costs more than 50,000 euros without seeing it physically, without touching it, without knowing if the mattress is comfortable," said François Feuillet. "Yet that is what happened." The client base remains young couples and new retirees, an increasingly large proportion of whom own a recreational vehicle.