West African Monetary Zone (WAMZ, Master)

EENI Business School & HA University


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Syllabus of the Online Subject: West African Monetary Zone. West African Monetary Institute.

  1. Introduction to the West African Monetary Zone (WAMZ)
  2. West African Monetary Institute
  3. West African Monetary Zone Strategic Plan
  4. Structure of the West African Monetary Institute (WAMI)
  5. Economy of the West African Monetary Zone (WAMZ) region: The Gambia, Ghana, Guinea, Nigeria, and Sierra Leone
  6. Case Study:
    1. Opportunities for Increasing Cross-Border Trade in the Banking Sector
    2. WAMZ Payments System Development Project

The eLearning Subject “West African Monetary Zone (WAMZ)” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Doctorates: Africa, Muslim Countries, Foreign Trade
  2. Masters: African Business, International Business, Foreign Trade, Economic Relations
  3. Course: Business in West Africa

Student, Online Doctorate in International Business

Learning materials in Master in International Business in English or Study, Master in International Business in French Zone monétaire de l’Afrique de l’Ouest (ZMAO) Masters Foreign Trade in Portuguese Área Monetária da África do Oeste (ZMAO) Study Master Doctorate Business in Spanish Zona Monetaria del África Occidental (ZMAO)

Area of Knowledge: Africa

Example of the Online Subject - West African Monetary Zone (WAMZ):
West African Monetary Zone (WAMZ, Course)





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African Portal - EENI Business School & HA University

Africa: Foreign Trade and Business (Master)

Description of the Online Subject - West African Monetary Zone (WAMZ).

In 2000, five Western African Countries (the Gambia, Ghana, Guinea, Nigeria, and Sierra Leone) established the West African Monetary Zone (WAMZ). At the same time was set-up the West African Monetary Institute (WAMI).

Liberia acceded in 2010.

  1. The West African Monetary Zone (WAMZ) is a monetary and customs union with a common currency, the CFA Franc.
  2. Initially, they propose the introduction of the Single Currency in 2003.
  3. Finally, they agreed to launch the new single currency in 2015.

The main objectives of the West African Monetary Zone (WAMZ) are

  1. To promote trade integration in the region
  2. To facilitate foreign trade and financial operations
  3. To harmonise legislation and statistics
  4. To develop payment systems
  5. To encourage macroeconomics convergence

The West African Monetary Institute (WAMI) is the main body responsible for the creation of the:

  1. Common West African Central Bank
  2. Single Currency of the West African Monetary Zone (WAMZ)

The West African Monetary Zone (WAMZ) region.

ECOWAS ZMAO WAEMU (Africa, Master, Doctorate)

  1. 1.60 million square kilometres
  2. 195 million people (77% of the ECOWAS and 21% of Africa)
  3. Total GDP: 390 billion dollars (PPP): 73% of the Economic Community of West African States (ECOWAS) and 19% of Africa
  4. Largest economy: Nigeria (76% of WAMZ's population; 86% of WAMZ's GDP; Crude oil represents 97% of Nigeria's exports
  5. Second economy: Ghana (9% of WAMZ's GDP)
  6. Main religions: Islam and Christianity
  7. Lagos-Mombasa Corridor
  8. Port of Lagos

The West African Monetary Zone (WAMZ) belongs to West African Economic Area (African Civilisation).

See also: West African Economic and Monetary Union.

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.



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