Aguila Saleh in Rabat July 26 2020

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 […]

Sahara: Spanish PM reiterates call to achieve compromise-based political solution

Spanish Prime Minister, Pedro Sanchez, on Friday reiterated before the 75th UN General Assembly Spain’s call for a political solution to the Sahara issue, based on compromise in accordance with the relevant resolutions of the UN Security Council. “We must find a just lasting and mutually acceptable political solution to the Sahara conflict, in accordance […]

IFC loans Express Union Tchad around $3m to boost access to finance for underserved communities

The International Finance Corporation, IFC, has provided a loan worth close to $3 million to Chad’s leading microfinance Express Union Tchad (EUT) to boost access to finance for underserved communities —particularly women and those in rural areas, bolster the microfinance sector, and help drive economic growth, the World Bank’s branch for private sector financing said […]