La Banque Central of West African States (BCEAO) announced that the 'economic activity within UEMOA recorded an increase of 4.4% in GDP over one year in the first quarter of 2023

The Bceao informed that the evolution of economic activity within UEMOA reflects the maintenance of the confidence of business managers in the favourable direction of the economic situation. The growth rate, which is an indication of the minimum level of growth that would be reached at the end of the year, is estimated at 3.4% in the first quarter of 2023. The contribution of the secondary sector increased from 0.6 percentage points (pdp) in the fourth quarter of 2022 to 0.7 pdp during the quarter under review. And that of the tertiary sector stood at 3.4 pdp in the first quarter of 2023 compared to 3.3 pdp in the