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Currencies  |  November 21, 2012 19:25:14

View from Africa: European debt crisis? I really do not resolve ...

While Europe cloumají doubts about the benefits of monetary union, Africans swear by it. The joint tender with a discussion on the south of the continent, the East is considered the resurrection of the currency board, a fixed exchange rates. In the west, the former British colony are planning to imitate their francophone neighbors who pays the common currency since its liberation. Both on site discovered Investment web, in Africa people are taking ongoing eurokrizi as a signal that we need more, not less, Union, let alone its end.

"The problem is that when I want to go beyond the monetary union, the CFA (West African franc) worthless," goes straight to the point Senegalese director of the Liberal Institute Jaleck Bieng. Does not solve the crisis in Europe. Bothering him present global order, dominated by the dollar and the euro. "If I want to go beyond the region, need dollars or euro. If I want to do business with someone, the same applies. This needs to change," he continues Bieng and complements our vision, which is a strong common African currency that would be able to compete with established international platidlům and emerging "marks" such as the Chinese renminbi.

Educated in Africa has not run

"It will not be easy. Still have many problems, corruption and so on, but it is not an unrealistic goal," says the head of the recently formed think tankWhich, by its very existence confirms headlong development, which sub-Saharan Africa in recent years through.

From 1998 to the beginning of the global crisis, its economy grew by an average of 5% a year, then stumbled, but since 2010 is back on his feet. According to the World Bank could be the rate of growth in the coming years even higher than before the crisis.

During the last two years, immigrated in Senegal in virtually all large technology companies on the world stage mean something. "There are Google, Microsoft, Cisco Systems, Alcatel and others," concludes the manager of one of these companies, a graduate of one of America's leading universities, who spoke with us on condition of anonymity.

Interest is according to him, the region as a whole. "In Senegal, we anchor for political stability."

After the United States learned a how to do business, he returned to Senegal and started his business. Soon his community was one of eight states connected by tight currency, and thus expanded into neighboring markets. Eventually it got to South Africa - and immediately noticed him global technology giant.

How does the West African Monetary Union and the African countries which have a high investment potential, can be found on the web Investment

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