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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 […]

New debt tracker signals shift toward Africa’s financial sovereignty

In a landmark move to address Africa’s mounting debt crisis, finance ministers across the continent have adopted the African Debt Monitoring Mechanism (ADMM) — a real-time, continent-wide system designed to track both domestic and external debt. Approved during the 8th Ordinary Session of the African Union’s finance-focused committee in South Africa, the ADMM is hailed […]

Morocco, USA Agree Social Inclusion and Economic Opportunity are a Compelling Alternative to Extremism

Morocco and the United States agree on the importance of the non-military aspects of the struggle against violent extremism and on social and political inclusion and economic opportunity as a compelling alternative to extremism. This was stated at a meeting held on Wednesday in Fez between King Mohammed VI and U.S. Vice-President Joe Biden who […]