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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 […]
Morocco to Launch Islamic Banks
The Moroccan government took the first steps towards the adoption of a draft law on the establishment of Islamic banking in the country. This comes as a result of the cabinet’s plan to attract certain segments of foreign direct investment. In the opinion of the budget committee represented by minister-delegate Driss Azami, Morocco can significantly […]
Sudan: UN appeals for aid as 200,000 forced to flee abroad
The United Nations has appealed for $3 billion to help those affected by the conflict in Sudan with a top UN official decrying multiple serious breaches of an agreement by Sudan’s warring parties last week to spare civilians and civilian infrastructure and to let in badly needed aid. The United Nations humanitarian agency said it […]



