North Africa: IFC Supports SMEs with €15 Mln Investment

The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]

Senegal’s new govt to audit oil, gas, mining industries, pledging to protect investor rights

Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]

African countries discuss foreign currencies & monetary independence in Tunisia

A three-day international Conference opened in Tunis on Nov 7. Entitled “Quest for Economic and Monetary Sovereignty in 21st Century Africa: Lessons and Prospects”. This conference gathers economists, financials, businessmen, experts and leaders of opinion from African countries and from all over the world. Foreign currencies and monetary independence are the main issues on the […]