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 (…

Neighboring rights: Google pays some media without actually losing ground to press publishers

Without giving up on neighboring rights, Google has established partnerships with the media and will pay for their articles included in its newsfeeds. While the European media hope to sell it on these rights, the publishers who have accepted its offers are practically accused of treachery.
Google pays some media without actually losing ground to press publishers

Google, without actually changing its position on the subject of neighboring rights, decided to pay certain press publishers for the use of their articles. Indeed, the web giant announced in a blog post that he was negotiating with the media to compensate press publishers for their content. Initial reports indicate that Google plans to launch a "licensing program later this year to pay publishers for high-quality content for a new information experience."

Brad Bender, vice president of product management at Google, said negotiations have taken place for several months with the Spiegel group in Germany and Diarios Associados in Brazil. After the success of the latter, Australian media Schwartz Media, The Conversation and Solstice Media are also said to have signed a partnership with Google.

In fact, the web giant will pay to select certain articles which will be integrated into a tab within the news feeds and referencing of content such as Google News and Google Discover.

However, these partnerships are not good news for European media associations. While in France, the competition authority had asked Google to negotiate in good faith with the media, and in Australia, the authorities wish to force Google to share its advertising revenues with the media, individual partnerships could be disunited the media. Indeed, those who benefit from it no longer have any reason to fight with others for the web giant to pay neighboring rights. In this regard, for most of their European colleagues, the press publishers who accepted the agreement are not far from being considered guilty of high treason.