The Russian embassy in Dakar has denied and lambasted accusations by President Macky Sall’s entourage alleging that Moscow is planning to channel funds to Ousmane Sonko, one of the serious challengers to the outgoing president in the Feb.24 elections. The Russian mission in a press statement said the allegations circulated by Head of Senegalese expatriates […]
Morocco’s improving economic performance in 2019 and 2020 will provide a solid structure to motivate both businesses and consumers to purchase new vehicles, says Fitch Solutions Foundation. “We believe that Morocco’s expansionary fiscal policy will further support the demand for vehicles”, adds the Fitch Think-Thank, noting that the availability of locally produced vehicles, such as […]
The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
