Macky Sall News
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Karim Wade, the son of former Senegalese president Abdoulaye Wade, was charged with illegal enrichment and is awaiting trial at a prison in the capital, Dakar, the Justice Ministry said.
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Karim Wade, the son of former Senegalese president Abdoulaye Wade, is being detained by police as charges against him relating to a probe into illegal enrichment are being considered, the Justice Ministry said.
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French Finance Minister Pierre Moscovici announced 60 million euros ($78 million) in grants for Senegal and said the former West African colony provides good opportunities for his nation’s companies.
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The U.S. is exploring a possible trade and investment agreement with the 15-nation Economic Community of West Africa, acting U.S. Trade Representative Demetrios Marantis said today.
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President Barack Obama said the leaders of four sub-Saharan countries in Africa are consolidating democratic gains, leading to more stable governments and economic growth.
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Senegalese President Macky Sall has shut 59 state institutions and begun audits of government projects after ending the 12-year rule of Abdoulaye Wade, improving investors’ outlook for the West African nation.
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Senegal is trying to position itself as a center for Islamic finance in West Africa, where about 52 percent of the population is Muslim, as the government pursues changes that will enable the first sales of sukuk.
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Senegal’s Eurobonds rallied when President Abdoulaye Wade conceded defeat in the March 25 election. Now his successor, Macky Sall, must attract more investment to fuel economic growth.
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A special court of African judges opened in Senegal to prepare a case against former Chadian president Hissene Habre, who’s accused of causing the deaths of more than 40,000 people and torture during his eight-year rule.
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French President Francois Hollande is using his first official trip to Africa to bolster his drive for military action against Islamist groups in northern Mali that are threatening to expand throughout the region.
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