e-Course: West African Economic and Monetary Union

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Syllabus of the Online Course (Subject): West African Economic and Monetary Union (WAEMU/UEMOA).

  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 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 the Malian crisis on the WAEMU
  14. WAEMU's Regional Integration
  15. Central Bank of West African States (BCEAO)
  16. West African Development Bank (BOAD)
  17. Cauris Management (private equity fund manager)
  18. Guarantee Fund for Private in West Africa (GARI)
  19. Case Study: Banking sector in the WAEMU region
  20. WAEMU countries and AGOA
  21. Doing Business in the West African Countries
  22. West African Economic and Monetary Union (WAEMU)-US Trade and Investment Framework Agreement

The objectives of the Online Course / 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 analyse the economic context of the West African Economic and Monetary Union (WAEMU)
  5. To analyse the economic integration process (Common Market, Common External Tariff) and foreign trade among the West African Economic and Monetary Union member states
  6. To know the Customs Code of the WAEMU
  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 analyse the role of the affiliated institutions of the West African Economic and Monetary Union (WAEMU)
The eLearning Course (Subject) “West African Economic and Monetary Union (WAEMU)” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Masters: Africa, Frontier Markets, International Business, Foreign Trade
  2. Doctorates: Africa, Muslim Countries, Foreign Trade
  3. Course: Business in West Africa
  4. Bachelor of Science in Inter-African Business

Online African Students (Masters, Doctorates)

Learning materials in Master in International Business in English or Study, Master in International Business in French Union Économique et Monétaire Ouest Africaine (UEMOA) Study Master Doctorate 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 Online Course / Subject “The West African Economic and Monetary Union (WAEMU)”: 2 ECTS Credits
  2. Duration: two weeks

Area of Knowledge: Africa

Example of the Online Course - West African Economic and Monetary Union (WAEMU):
West African Economic Monetary Union (Master)





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Description of the Course / Subject (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 used a common currency, the CFA Franc.

The main objectives of the West African Economic and Monetary Union are to intensify the competitiveness of the economic and financial activities of the West African Economic and Monetary Union economies developing an open and competitive market and a harmonised 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 (harmonisation of laws, common policy, free movement, competition rules), but some obstacles and even delay are slowing the process of integration.

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).

ECOWAS ZMAO WAEMU (Africa, Master, Doctorate)

  1. Area: 3,509,600 square kilometres
  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. The 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, characterised by high prices of food products and products 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 development of the economies in the 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 Civilisation).

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

Samples - WAEMU

Common Market (West African Economic and Monetary Union)

US-West African Economic and Monetary Union Agreement (Course)

Trans-Sahelian Highway, Dakar-N’Djamena Corridor

West African Development Bank BOAD

Cairo-Dakar Corridor (Trans-African Highway)

Algiers-Lagos Corridor (Trans-Saharan Highway)

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

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

(c) EENI Business School & HA University