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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:  EU Approves Uganda's Bid To Export Marijuana

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African News

South Africa’s Health Minister Tests Positive For COVID-19

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South Africa’s Health Minister Tests Positive For COVID-19

South Africa’s health minister Zweli Mkhize has on Sunday said that he and his wife have tested positive for COVID- 19.

The minister who is now self-isolating tested after feeling tired and with a loss of appetite.

He is now self- isolating and says he’s optimistic that they will both recover fully.

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In order to reduce the risk of a second wave, Mkhize urged citizens to continue to take health precautions having become the fifth minister to catch the virus in South Africa.

On Monday, president Cyril Ramaphosa wished the health minister a speedy recovery after contracting coronavirus.

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Ramaphosa in a tweet said “I wish you and your wife, Dr May Mkhize, a safe, restful and speedy recovery from #COVID19.”

He added “I also join the Minister in calling on all South Africans to remain careful and do all that we need to do to #StaySafe and help the country avoid a second wave of the pandemic.”

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

With more than 703,793 coronavirus cases with 18,471 deaths, South Africa remains the worst-hit by the pandemic on the continent.

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Madagascar Announces End Of State Of Health Emergency

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Madagascar Announces End Of State Of Health Emergency

Madagascar has announced the end of the state of health emergency imposed to curb COVID-19- pandemic

The Madagascan government announced on Sunday, halt to the health emergency following the president Andry Rajoelina`s announcement that the country has had 96% recovery rate.

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

Rajoelina attributed the recovery to some of the measures taken including the distribution of herbal- COVID-organics. The World Health Organization says there is no cure for the virus.

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Madagascar has recorded 16,000 coronavirus cases and 238 deaths.

Country’s borders remain closed due to the increase in cases in other countries. International flights to mainland Madagascar is completely suspended.

READ:  Ivory Coast Clears Homes Around Airport After Child Stowaway's Death

An airport –nosy is the only airport open to countries not suffering from a second wave of the pandemic.

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Guinea: Vote Count Begins After Tense Election

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Guinea: Vote Count Begins After Tense Election

Ballots are being counted in Guinea’s presidential election as incumbent, 82-year-old Alpha Condé, seeks a controversial third term.

A divisive new constitution allows Alpha Condé to run again, amid political and ethnic tensions. Ten other candidates are also running.

Sunday’s election was conducted in a tense atmosphere although security minister, Damantang Camara said no major incidents were registered.

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He said he was concerned by a statement from the leader of the opposition Union of Democratic Forces of Guinea (UFDG) party, Cellou Dalein Diallo, who said he would not recognize the results if he would not win.

He urged candidates to refrain from making irresponsible statements.

READ:  Covid-19: Seychelles Begins 21-Day Lockdown, Liberia Declares Emergency

Presidential candidates need more than 50% of the vote for an outright victory, or there will be a second round in November.

The electoral law says provisional results must be announced 72 hours after closure of polling stations.

Candidates will then have eight days to lodge appeals, failure to which the final results will be deemed uncontested.

READ:  Kenyans Seek Less Medical Service Amid COVID-19

Meanwhile, Guinean prime minister Ibrahima Kassory Fofana has said candidates should refrain from proclaiming victory before the actual results are announced.

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