Doing business in WAEMU

Opportunities

The West African Economic and Monetary Union (WAEMU) accounts for a market of over 140 million consumers using unified currency -the CFA franc. The WAEMU sub-region has a GDP over 48,000 billion FCFA and an economic growth rate above 5%.

Agriculture:

Only 25% of the 20 million hectares of arable land within the WAEMU area are cultivated;
Hydro-agricultural laying-out for agro-industry expansion;
Africa is the largest cotton producer worldwide with over 10% of world production, of which less than 5% is manufactured within the Union;
One of the world’s leading producers of coffee, cocoa and peanuts.

Mines:

A standard and attractive WAEMU mining code for investors;
The world largest uranium reserves;
Large deposits of gold, diamond, iron, phosphate, nickel, cobalt, copper, manganese and bauxite.

Oil and Gas:

Significant oil reserves (Ivory Coast, Niger, Senegal and Togo);
Significant gas reserves in Niger and Senegal.

Information Technology:

Introduction of a new regulatory framework to open the sector to private investors;
Potential for development in cable and cellular telephony and the internet.

Doing business in WAEMU

Opportunities

Where to INVEST ?

Benin

Burkina Faso

Ivory Coast

Guinea- Bissau

Mali

Niger

Senegal

Togo

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