Security Council

Abu Dhabi Islamic Bank plans Morocco and Algeria expansion

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is planning expansion in Africa markets to tap demand in countries with a large Muslim population. In Africa, The bank has “looked closely” at Algeria and Morocco, Chief Executive Officer Tirad Mahmoud told reporters. “We are actively visiting locations where we may be […]

IMF: Morocco’s Economic Policies & Fundamentals are Sound

Morocco’s macroeconomic policies and performance remained sound, despite volatility in agricultural output and elevated external risks, says a statement issued by the International Monetary Fund. “The Moroccan authorities remain committed to important fiscal, financial and structural reforms, which should strengthen the economy’s resilience to external shocks and support higher, more inclusive growth”, adds the statement […]

Senegalese Makhtar Diop appointed head of the International Finance Corporation

Makhtar Diop, former World Bank Vice President for Africa, has just been appointed head of the IFC, the International Finance Corporation, the private investment arm of the World Bank.   Makhtar Diop, the first African to occupy this strategic position, is a seasoned economist with a passion for sustainable development. “Makhtar Diop has deep development […]