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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 […]

Burkina Faso, Russia keen to strengthen mutually beneficial cooperation

Burkina Faso and Russia Sunday expressed their eagerness to bolster cooperation between the two countries for mutual benefits as Moscow continues to deepen its footprint in Africa. Lieutenant-colonel Paul-Henri Sandaogo Damiba, leader of the West African country met with Russia’s top diplomat Serguei Lavrov in New York on the sidelines of the 77th UN General […]

Russia expands its currency trading list to 40 countries, adding Nigeria, Tunisia and Ethiopia

The Kremlin has announced the expansion of the list of “friendly and neutral” African countries whose banks may now trade currencies and derivatives in Russia. By adding Nigeria, Tunisia and Ethiopia to the list, “the number of friendly and neutral countries whose credit institutions and brokers will be allowed to trade on the Russian foreign […]