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West African Economic and Monetary Union (WAEMU)

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Syllabus of the Subject: West African Economic and Monetary Union (WAEMU).

  1. Introduction to the West African Economic and Monetary Union (WAEMU/UEMOA);
  2. Objectives, Functioning and Institutions of the West African Economic and Monetary Union;
  3. Members economies of the WAEMU: Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, and Togo;
  4. Activities carried out and policies implemented by the West African Economic and Monetary Union (WAEMU);
  5. Community Competition Policy;
  6. Legal Framework: WAEMU Treaty;
  7. Achievements of the Economic and Monetary Union of West Africa
    1. Common Market;
    2. Common External Tariff;
    3. Sectoral Policies.
  8. African Monetary Zone (WAMZ). CFA Franc;
  9. West African Monetary Institute;
  10. Case Study: Opportunities for Increasing the Cross-Border Trade in the Banking Sector;
  11. Political Context of the West African Economic and Monetary Union (WAEMU);
  12. Structural Competitiveness of the WAEMU Countries;
  13. Economy of the West African Economic and Monetary Union (WAEMU) region
    1. Economic profile of the WAEMU's Member States;
    2. Case Study: Impact of Malian crisis on WAEMU.
  14. Customs Union of the West African Economic and Monetary Union (WAEMU);
  15. WAEMU's Institutions;
    1. Central Bank of West African States (BCEAO);
    2. West African Development Bank (BOAD);
    3. Cauris Management (private equity fund manager);
    4. Guarantee Fund for Private in West Africa (GARI).
  16. Case Study: Banking sector in the WAEMU region;
  17. WAEMU countries and AGOA;
  18. Doing Business in the West African Countries;
  19. West African Economic and Monetary Union (WAEMU)-U.S. Trade and Investment Framework Agreement.

The objectives of the subject “West African Economic and Monetary Union (WAEMU/UEMOA)” are the following:

  1. To understand the purposes and functions of the West African Economic and Monetary Union (WAEMU);
  2. To know the WAEMU Treaty;
  3. To assess the benefits for the member countries of the WAEMU;
  4. To analyze the economic context of the West African Economic and Monetary Union (WAEMU);
  5. To analyze the economic integration process (Common Market, Common External Tariff) and the foreign trade among the West African Economic and Monetary Union member states;
  6. To know the WAEMU Customs Code;
  7. To explore the financial and banking system of the UEMOA and the role of the Central Bank of the West African States;
  8. To analyze the role of the affiliated institutions of the West African Economic and Monetary Union (WAEMU).

Online Course Business in West Africa

West African Economic and Monetary Union (WAEMU):
West African Economic Monetary Union (WAEMU) Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, and Togo

Online African Students (Masters, Doctorate, Foreign Trade, International Business)

The Subject “West African Economic and Monetary Union (WAEMU)” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters: Business in Africa, International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate: African Business, Islamic Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Course: Business in West Africa.

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study, Course Master Doctorate in International Business in French Union Économique et Monétaire Ouest Africaine (UEMOA) Study Master Doctorate in International Business in Spanish Unión Económica y Monetaria del África Occidental (UEMOA) Masters Foreign Trade in Portuguese União Econômica e Monetária do Oeste Africano (UEMOA).

  1. Credits of the Subject “West African Economic and Monetary Union (WAEMU)”: 2 ECTS Credits;
  2. Duration: two weeks.

Area of Knowledge: Africa.

African Economic Integration. Online Education (Courses, Masters, Doctorate)

Common Market (West African Economic and Monetary Union)

Mission of the West African Economic and Monetary Union (WAEMU)

Description: WAEMU - West African Economic and Monetary Union

In 1994 was created the West African Economic and Monetary Union (WAEMU) by seven West African Countries using the CFA Franc (common currency): Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, and Togo.

Guinea-Bissau became a member of the West African Economic and Monetary Union (WAEMU) in 1.997.

All these countries share a common currency, the CFA Franc.

The main objectives of the West African Economic and Monetary Union are to intensify the economic and financial activities competitiveness of the West African Economic and Monetary Union economies, developing an open and competitive market and a harmonized legal environment.

The West African Economic and Monetary Union has implemented a common market based on the free movement of persons, goods, services, capital, and the right of establishment.

The West African Economic and Monetary Union (WAEMU) has achieved several objectives (harmonization of laws, common policy, free movement, competition rules), but some obstacles, and even delay, are slowing the integration process.

A portion of the common external tariff (CET) - entered into force in 2000- the West African Economic and Monetary Union (WAEMU) is used to finance the institution.

The West African Economic and Monetary Union Inter-Parliamentary Committee adopted a draft treaty on the creation of a regional parliament.

West African Economic and Monetary Union (WAEMU).

  1. Area: 3,509,600 square kilometers;
  2. Population: 112 million people;
  3. Growth rate: 3%;
  4. Nominal GDP: 24,332.6 billion FCFA;
  5. Real GDP (at constant prices): 18,458.8 billion FCFA;
  6. Real GDP growth rate: 5.8%;
  7. Annual inflation: 2.5%;
  8. Main religions: Islam and Christianity;
  9. Military coups in Mali and Guinea-Bissau;
  10. Economic recovery of Ivory Coast.

The economies of the Member States of the Economic and Monetary Union of the Africa West (WAEMU) suffered from an unfavourable global environment, characterized by high food products prices derived from petroleum, as well as the global crisis.

The Central Bank of West African States (BCEAO) is the financial institution of the eight Member States of the West African Monetary Union. The Central Bank of the West African States is an international public institution based in Dakar.

The West African Development Bank (BOAD) is a common institution created to finance the economy development in West African Monetary and Economic Union. It was created on November 1973. Its Member States are Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

The Economic and Monetary Union of the Africa West (WAEMU) belongs to the West African Economic Area (African Civilization).

See also: West African Monetary Zone (WAMZ).

West African Ports: Dakar, Abidjan, Cotonou, and Lomé.

Trans-African corridors:

  1. Algiers-Lagos Corridor;
  2. Trans-Sahelian Highway.

EENI African Business Portal.

We Trust in Africa (Affordable Higher Education for Africans) Kenya, Nigeria, Sudan, Ghana, Tanzania, Cameroon, Egypt...

ECOWAS ZMAO WAEMU (Africa, Master, Doctorate)

US-West African Economic and Monetary Union Agreement

Trans-Sahelian Highway: Senegal, Mali, Burkina Faso, Niger, Nigeria, Cameroon, and Chad (Road Transport Course Master)

West African Development Bank BOAD

Cairo-Dakar Corridor (Trans-African Highway): Egypt, Libya, Tunisia, Algeria, Morocco, Mauritania, Western Sahara, and Senegal

Algiers-Lagos Corridor - Trans-Saharan Highway: Algeria, Niger, Nigeria, Mali, and Tunisia (Road Transport Course)

Abdoul Karim Ouandaogo (EENI Alumni)
Ouandaogo Abdoul Karim (Student of the Master of Science in International Business, University of Ouagadougou & EENI) winner of a WAEMU regional award.

WAEMU countries and African Growth and Opportunity Act (AGOA)
WAEMU countries and AGOA

(c) EENI Global Business School (1995-2023)
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