West African Economic and Monetary Union

The West African Economic and Monetary Union (WAEMU) is a group of eight West African countries that share a common currency, the West African CFA franc, and work together to promote economic integration and development. Established in 1994, WAEMU aims to enhance trade, improve infrastructure, and coordinate economic policies among member states. By fostering collaboration, these countries seek to strengthen their economies, reduce poverty, and attract investment, creating a more stable and prosperous region. Member countries include Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo.