Shariah Gaining Foothold in Africa Through Shariah Bond Offerings
African markets are starting to open to Shariah finance, primarily through governments’ debut sales of sovereign sukuk (Shariah bonds). Regimes across Africa are using Shariah bonds as a way to attract cash-rich Islamic investors, with South Africa making a $500 million issue in September and Senegal raising 100 billion CFA francs ($208 million) in June. The Tunisian government could […]
US Treasury: Gambian supermarkets funded Hezbollah
The Kairaba Shopping Centre, a gleaming, glass-fronted two-story building in Gambia’s Serrekunda beach resort, is the biggest supermarket in mainland Africa’s smallest nation. Its clientele of wealthy locals, tourists and expat workers set it apart from the mom-and-pop stores and local markets where most ordinary Gambians shop. But the US Treasury Department sees something more […]
Categories
Archives