Audit brings on Mamadou Mbaye’s expulsion from the Djibouti Sovereign Fund (FSD)

Audit brings on Mamadou Mbaye’s expulsion from the Djibouti Sovereign Fund (FSD)

Jeune Afrique Business+ investigated the Senegalese official, former executive director of Fonsis, accused of “mismanagement” and let go by the FSD board of directors.

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            ▪ Audit brings on Mamadou Mbaye’s expulsion from the Djibouti Sovereign Fund (FSD)

▪ Jeune Afrique Business+ investigated the Senegalese official, former executive director of Fonsis, accused of “mismanagement” and let go by the FSD board of directors.

https://www.africabusinessplus.com/en/807943/audit-brings-on-mamadou-mbayes-expulsion-from-the-djibouti-sovereign-fund-fsd/

Less than a year after the announcement as head of Djibouti’s new state vehicle, the Djibouti Sovereign Fund (FSD), the axe has fallen for Mamadou Mbaye. In a statement issued Tuesday, 18 May by the Presidency of the Republic of Djibouti—and confirmed with Jeune Afrique Business+—the FSD Board of Directors “withdrew its confidence in the director-general” and “terminated his functions with immediate effect”.

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