Eight West African countries Saturday agreed to change the name of their common currency to Eco and severed the CFA franc’s links to former colonial ruler France. The CFA franc was initially pegged to the French franc and has been linked to the euro fo…
Day: December 21, 2019
Macron Vows to Keep Fighting Extremism in West Africa
France’s President Emmanuel Macron has vowed to boost the fight against Islamic extremism in West Africa as French troops killed 33 Islamic extremists in central Mali. Macron spoke Saturday on the second day of his three-day trip to Ivory Coast and Ni…
Eskom crisis: Arrests over $50m South Africa power station ‘fraud’
PRETORIA, Two former managers at Eskom, South Africa’s ailing power firm, have been arrested for alleged corruption and fraud worth 745m rand.Prosecutors said an investigation had revealedgross manipulation of contracts related to the construction of …