Algeria: PM claims President in control of country’s affairs

Algerian Prime Minister Monday rejected claims of some prominent public figures suggesting that the country’s President Abdelaziz Bouteflika has lost control of the country. During a meeting with investors in Blida, Abdelmalek Sellal stressed that ailing President Bouteflika was in full control of the country’s management. He added that the President is ‘daily’ and ‘step […]

AfDB grants €12.3 million for Abidjan-Lagos road corridor project

The African Development Bank approved an additional funding of €12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project. This corridor links the capitals of five West African states – Côte d’Ivoire, Ghana, Togo, Benin and Nigeria – […]

Senegal proposes diaspora bank to enhance investments, lower transfer costs

Senegal’s Prime Minister Ousmane Sonko revived last week a proposal to create a bank dedicated to the Senegalese diaspora. This initiative aims to channel the significant funds sent home by Senegalese expatriates into impactful and sustainable projects, reported Ecofin agency. The diaspora sends over $2.9 billion annually to Senegal, representing about 12% of the country’s […]