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Ivory Coast President Says New West African Currency Launch May Take Five Years

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Campaigning Starts For Tense Ivory Coast Presidential Vote

The plan to launch a new currency to replace the CFA franc-being used by several French speaking west African countries has been postponed. Ivory coast president Alessane Ouattara, said the coronavirus pandemic has derailed the project to introduce the eco currency this year.

Last December, the eight countries of west Africa’s monetary union decided to sever the financial colonial link with France by switching to a new currency called the Eco, which the union says would be pegged to the European Union’s euro. Other countries that do not use the CFA franc, like Nigeria and Ghana, are also interested in adopting the new regional currency.

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The plan has been affected by the economic fallout of the global COVID-19 pandemic. The Eco launch may not happen for at least five years. The international monetary fund predicts sub-Saharan Africa’s economy will contract by more than 3% this year.

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Nations in the bloc, former French colonies, like Benin, Mali, Niger and Senegal have agreed to work towards reducing their budget deficits to below 3% of GDP, a measure of the value of their economies.

READ:  Ivory Coast Government Ask Residents To Evacuate Flood-prone Zones In Abidjan

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Police Arrest 100 Over Angola Anti-Government Demos

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Police Arrest 100 Over Angola Anti-Government Demos

At least 100 protesters have been arrested in Angola following what is described as violent anti-government demonstrations in the nation`s capital Luanda over the weekend.

Interior ministry secretary, Salvador Rodrigues, said on state television, one hundred three persons, including political party leaders, were arrested and detained.

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Protesters took to the streets to demand jobs and better living conditions. They are also demanding a new date for local government elections that were due this year, but put on hold because of the coronavirus pandemic.

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Angolan authorities accused protesters of being violent – throwing stones, burning tires and damaging a fire engine. The protesters have been charged for arson and rioting, among other.

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In a statement on Sunday, main opposition party, Unita, alleged police use of excessive force and demanded “unconditional release” of all persons arrested.

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Russia Sends More Military Equipment To Central African Republic – RIA

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Russia Sends More Military Equipment To Central African Republic - RIA

Russia has opened a representative office in the Central African Republic, C.A.R., and has donated ten armoured vehicles to the country.

Moscow has been solidifying its presence in the C.A.R. in recent years, sending weapons, contractors and political advisors, and has been growing its role on the continent overall as part of a renewed push for global prestige.

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The RIA news agency cited the Russian ambassador as saying on Saturday that five members of the Russian military had arrived in Bangui, C.A.R.’s capital, on Saturday, led by senior military officer – Oleg Polguev who will head up the Russian defence ministry’s representative office in the country.

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The African nation has asked for Russia`s help in lifting an arms embargo imposed by the United Nations.

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Guinea President Alpha Condé Wins Controversial Third Term

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Guinea President Alpha Condé Wins Controversial Third Term

Guinea`s incumbent president, Alpha Conde, has won re-election. A full preliminary tally from the election commission released on Saturday shows Conde won the October eighteenth poll with nearly sixty percent of the vote.

The 82-year-old Conde`s victory, once confirmed by the constitutional court, will give him a third term in office. The opposition had said the president had no right to participate in the election, but Conde says a constitutional referendum in march reset his two-term limit. Opponents say he is breaking the law by holding on to power.

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Results showing conde`s lead has sparked street protests in opposition strongholds leading to at least 17 deaths. Gunfire rang out across Guinea’s capital, Conakry, on Friday as security forces dispersed protesters and soldiers patrolled the streets in trucks.

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Former prime minister, Cellou Dalein Diallo, Conde’s nearest rival with thirty-three and a half percent of the vote, said he has evidence of fraud and plans to file a complaint with the constitutional court.

READ:  France's Macron Says 33 'Terrorists' Killed In Mali Operation

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