financial

The African Development Bank Group (AfDB) has greenlit a $6.6 million grant to assist Somalia’s Federal Government (FGS) in bolstering state capacity, aiming to construct a robust financial framework to foster inclusive and fair growth. The Somalia Financial Sector Development Project is set to hone the capabilities of financial entities, such as the Central Bank of Somalia, the Somalia Development and Reconstruction Bank, and the Financial Reporting Center (FRC). The project focuses on efficient credit delivery,…

According to a report, IS-Somalia manages to fund terrorist activities in multiple African nations. Omar Mahmood, a senior researcher with the International Crisis Group (ICG), remarked that IS-Somalia's influence extends beyond Somalia's borders to a greater extent than that of al-Shabab. "Al-Shabab is undeniably a larger menace," conveyed Mahmood. "However, IS-Somalia has endured significant challenges and established itself within the broader Islamic State network, particularly as a crucial financial hub among its…

In Madagascar, a number of leaders of the National Social Insurance Fund (CNAPS) are suspected of embezzlement. In a press launch printed on its web site, the Independent Anti-Corruption Office (Bianco) signifies that it has found a case of grand corruption…

Several officials were detained Wednesday night, July 28, 2021, in Niamey, for their alleged involvement in a case of embezzlement of eight billion CFA francs (12 million euros) from the Treasury. This case comes after last year of undelivered military equipment and overbilling in the defense sector for an amount of CFF 32.6 billion (EUR 50 million). .

In Gabon, in the hot spot for a few days after a scandal of embezzlement of public funds, the mayor of Libreville Eugène Mba has resigned. He would have returned his apron on June 1, according to an official decree published on Saturday. He is the second mayor to leave office in less than a year. as reported from Libreville,…

Brussels intends to supply new monetary assist towards an elevated effort by Tunis to stop unlawful departures within the Mediterranean. as reported from Tunis, Michel PicardBecause the starting of the yr, greater than 10,000 exile candidates have survived crosses the Mediterranean to succeed in Italy. However lots of died…

In the Democratic Republic of Congo, the Financial Controller is interested in the disappearance of millions of dollars that would have been used to finance the creation of a company that would belong to relatives of the former President of the Republic, Joseph Kabila. Jules Alingeti wants to understand how the private company called Egal SARL saw its accounts get several million dollars originally…

In terms of debt, Abidjan is likely one of the good college students. Côte d'Ivoire has simply borrowed one billion euros on the monetary markets, often known as a Eurobond subject. And buyers have rushed to lend to the nation, which is taken into account comparatively protected by buyers. Not all nations are deadbeats,…

The hope of a resumption of travelers' arrival was quickly swept away by the second wave of the Covid-19 pandemic in the countries from which tourists travel. The sector, which represents about 14% of Tunisia's GDP, is therefore on its knees. In Tunisia, on Monday 16 November, the government announced support for the tourism…

The Financial Supervisory Authority is on all hot topics: pay officials, exemptions, responses to Covid-19, Go pass, Bukanda Lonzo ... This institution, which relies on the Presidency of the Republic, is currently carrying out 34 control missions, including 26 in Kinshasa . However, it only has about forty inspectors still active. IGF has not recruited for thirty years. But, and this is a small revolution, with the support of the firm Price Waterhouse Cooper, it must in the coming weeks recruit about sixty inspectors.…