Moody’s Investors Service says debt burdens have risen across ECOWAS member states raising concerns over debt sustainability in the region. Lucie Villa, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa’s Kenneth Igbomor to discuss the debt concerns in West Africa.
Heads of State from the Economic Community of West African States (ECOWAS) have agreed to set up a committee to study and make a full report on the impact of Nigeria’s land border closure with her neighbours. Nigeria had closed its borders in August 2019. The government says the decision seeks to curb smuggling among others. But was this move the right call? Joining CNBC Africa for more is Paul Alaje, Senior Economist at SPM Professionals.
The eight member states of the West African Economic and Monetary Union (Waemu) and France have agreed to rename the CFA franc and implement a range of reforms to the long-standing regional currency.
Nigeria’s non-oil revenues fell by 17 per cent in the fourth quarter of 2018 from the preceding quarter, the government’s non-oil revenue was below the proportionate quarterly budget estimate of 1.4 trillion naira. Meanwhile, The Economic Community of West African States (ECOWAS) and African Development Bank (AfDB) have signed a 22.7 million-dollar agreement for the Abidjan-Lagos corridor highway development project to increase trade and investment among member states. Obiora Madu, CEO Multimix Group joins CNBC Africa for more.
Nigerian business owners in Ghana are seeking the intervention of the regional economic union ECOWAS over the closure of some Nigerian-owned businesses in Kumasi and Ashanti region of Ghana. Bamidele Ayemibo, Export Group Chairman at the Lagos Chambers of Commerce and Industry joins CNBC Africa to discuss this development.
Thumps up to free trade in Africa but not a single currency – Economist
West African regional bloc ECOWAS hit 20 Guinea-Bissau politicians and businessmen with sanctions, including travel bans and asset freezes, on Tuesday, accusing them of undermining efforts to resolve a prolonged political crisis. The...