Monday, September 29, 2025
23.7 C
Lagos

West Africa Economy for 7.2% Growth in 2016

In 2016, the member-countries of WAEMU (West African Economic and Monetary Union) should record an economic growth of 7.2% against 7% in 2015.

This is what revealed forecasts published on June 1, 2016 by the Central Bank of West African States (BCEAO).

Expected growth should result from the “consolidation of activity in secondary sector and good performance of tertiary sector”, the same source said.

Currently, Cote d’Ivoire is WAEMU’s economic driver. The nation has in fact been recording a substantial growth since the end of the 2011 civil war.

World’s top cocoa producer has recorded the following economic growth rates in 2012, 2013, 2014 and 2015 respectively: 9.8%, 8%, 8.5% and 8.6%.

WAEMU consists of eight nations knowingly Benin, Burkina Faso, Cote d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Nigerian, South African Gas Take Centre Stage at African Energy Chamber-Gazprom Roundtable

Various speakers at the international roundtable on natural gas...

Market Statistics: Wednesday, 15th November 2017

Market Cap (N'bn)                12,673.2 Market...

Flutterwave: Kenyan Tech Founder Loses $900, 000 Appeal

Clara Wanjiku Odero, a Kenyan tech founder and CEO...

63% of Africans Believe China Has Good Influence in Africa

In Africa, a good part of the population believes...

Olusegun Agbaje: Celebrating ‘African Banker of the Year 2012’

Mr. Olusegun Agbaje, Group Managing Director/CEO of Guaranty Trust...

NAICOM, Ekiti State to Collaborate on Compulsory Insurances

The National Insurance Commission (NAICOM) has initiated collaboration with...

Heirs Insurance Group Empowers 500 School Children, Communities through ‘The Good Project’

L-R: Ayodeji Akinwande, Brand Manager, Heirs Insurance Group; Ngozi...

Sovereign Trust Insurance: N16.3bn Assets, N13bn Premium, N4bn Claims in 2021

Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc Sovereign Trust Insurance Plc...
spot_img

Related Articles

Popular Categories

spot_imgspot_img