Of the twenty mobile sellers we interviewed who worked for family members, only three were paid directly for their work; an average of 11,000 CFA francs
In the first six months of 2015, the resources mobilized by the state of Senegal were estimated at 962.9 billion CFA francs
against 830.8 billion a year earlier, an increase of 15.9%.
With 655 employees and 55 branches across the country, the Ivorian subsidiary has total assets of 850 billion CFA francs
($1.4 billion) and recorded profit before tax of 17 billion CFA francs
($28.7 million) in 2014.
A special court in Senegal sentenced the son of former president Abdoulaye Wade on Monday to six years in prison for corruption and ordered him to pay a 138 billion CFA franc
($228 million) fine, dashing his hopes of competing in elections due in 2017.
The first phase of the projects saw the financing of the construction of a seven-km highway in the capital city of Brazzaville, while the second phase, worth 200 billion CFA francs
, is for the city of Pointe-Noire and other localities in the country, according to Anselme Imbert, Financial Adviser for Africa and head of mission of the French Development Agency (AFD).
In this context, the decision to retain the CFA franc
, a freely convertible common currency that is pegged to the euro at a significantly overvalued exchange rate, is a dubious one.
Niger's government has adopted a zero-deficit budget of 1.279 trillion CFA francs
($2.53 billion) for 2013, about 11 percent lower than the previous year, a statement on national television said.
CargIll from the US is prepared to invest between 100 and 200 billion CFA francs
in palm oil plantations.
Revenues during the quarter rose to 612 billion CFA francs
, versus 498.4 billion in the same period a year ago, while expenditure slipped to 490.1 billion CFA from 501.8 billion CFA, according to the finance ministry's release published on Tuesday in the state newspaper.
7 April 2011 - French banking group Credit Agricole (EPA:ACA) has sold its 14% stake in Cameroon-based Societe Camerounaise des Banques (SCB) to the African state for 4.2bn CFA francs
(USD9.5m/EUR6.6m), Cameroon's Finance Minister, Lazarre Essimi Menye, said.
He was said to have campaigned vigorously for Conde during the election campaign and contributed up to 25m CFA francs
(pounds 32,000) to the cause.
Nkouo is the first of three agricultural villages the government plans to develop at a cost of 13 billion CFA francs
(20 million euros, 27 million dollars), Agricultural Minister Rigobert Maboundou explained.