UEMOA, or the West African Economic and Monetary Union (Union Économique et Monétaire Ouest-Africaine), is a regional organization that comprises eight West African countries: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Established in 1994, its primary objectives are to promote economic integration, facilitate trade among member states, and maintain a common currency, the West African CFA franc. UEMOA aims to enhance regional cooperation and improve economic stability and growth within its member nations.
UEMOA Tournament was created in 2007.
Kenya, Ecuador, all countries of UEMOA (west Africa monetary union)
kenya, ecuador, all countries of UEMOA (west africa monetary union)
The currency of Benin Republic is the West African CFA franc, abbreviated as XOF. It is used by several countries in the West African Economic and Monetary Union (UEMOA) and is pegged to the euro. The CFA franc has been in use since 1945 and is issued by the Central Bank of West African States (BCEAO).
Cartes Afrique is a two day event organized by I-conf©rences in partnership with MasterCard, the regional monetary centers CMI, Gim Uemoa, Gimtel, SMT and Sarrafa. The 2013 edition of Cartes Afrique focused on the new payment methods related to financial inclusion, ranging from innovations and the latest trends in card technologies to prepaid solutions.
· The most important obstacle is the Central Franc countries (CFA). ECOWAS is still divided into Francophone and Anglophone countries. The problem is with the Francophone countries that rely more on UEMOA (Union Economique et Monetaire de l'Afrique de l'Ouest) than ECOWAS, which is an economic organization." After after 30 years of existence they are still finding it difficult to harmonize our customs tariffs." ECOWAS, unlike the European Union, is yet to be socially and politically accountable to the tax-payers of West Africa, from whose levies it is being run. It is not socially and politically accountable because it is not subjected to scrutiny or lawful oversight by the ECOWAS parliament · Unlike the European Union, is yet to define and determine the level of sovereignty that member states are required to voluntarily surrender for the collective peace, security and continuous prosperity of all member states and people of West Africa. Unless and until they the statesmen of ECOWAS translate this into a concrete policy and make it a cornerstone for their foreign policy, they would continue to see the gains of total integration eluding them.