New Anti-Capitalist President elected in Senegal: Faye, a former tax inspector, has pledged to weed out corruption, restore stability and prioritise economic sovereignty, appealing to the urban youth frustrated by unemployment in the West African country where 60 percent of the population is aged under 25. He wants to rid Senegal of the CFA franc inherited from the colonial era, which is pegged to the euro. He proposes introducing a new currency instead. The CFA franc, backed by the French treasury, is accepted in 14 member countries. Additionally, he wishes to renegotiate mining and hydrocarbon contracts. The country is expected to start hydrocarbon production this year. -
Just Walk Out
Just Walk Out
Just Walk Out
New Anti-Capitalist President elected in Senegal: Faye, a former tax inspector, has pledged to weed out corruption, restore stability and prioritise economic sovereignty, appealing to the urban youth frustrated by unemployment in the West African country where 60 percent of the population is aged under 25. He wants to rid Senegal of the CFA franc inherited from the colonial era, which is pegged to the euro. He proposes introducing a new currency instead. The CFA franc, backed by the French treasury, is accepted in 14 member countries. Additionally, he wishes to renegotiate mining and hydrocarbon contracts. The country is expected to start hydrocarbon production this year. -