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 (…

Top 10 Global Stock Exchanges Reveal Europe's Decline and Africa's Absence

The top 10 global stock exchanges weigh $ 63 trillion according to compilations from Buyshares.co.nz indicates, a specialist trading site. It is a classification where the first five places are made up of American (USA) and Asian places, Europe contenting itself with a role of arbiter and Africa, invisible on the radar, hoping on the theory of runoff to capture a hypothetical surplus.
Top 10 Global Stock Exchanges Reveal Europe's Decline and Africa's Absence

In short, in this ranking, the New York Stock Exchange (NYSE) occupies the first place with a capitalization of more than 25.530 billion dollars. Nasdaq, also from the United States, is in second place with a capitalization of $ 11.230 billion. Next come the Japan Exchange Group with a capitalization of 5,100 billion dollars, followed by the Shanghai Stock Exchange in China with 4,670 billion dollars. Hong Kong Exchanges is in fifth position with a capitalization of 4,230 billion dollars.

Sixth in the top 10, Euronext has a market capitalization of $ 3,670 billion, closely followed by the stock exchange in Shenzhen, China, with $ 3,280 billion. Formerly the starting point for all financial innovations, the London Stock Exchange, based in Italy and the United Kingdom, is eighth with a capitalization of 2,920 billion dollars. The TXM of Canada and BSE Limited of India are in ninth and tenth respectively with a capitalization of $ 1.750 billion and $ 1510 billion. First African Stock Exchange but evolving far from the world top ten (it is ranked 16th in the world), the Johannesburg Stock Exchange (JSE) weighs 727.84 billion dollars, or 80% of the continent's market capitalization or a little less than 3% from the New York Stock Exchange.