The World Bank has named Senegalese national, Makhtar Diop as the new managing director of its private sector arm, the International Finance Corporation effective March 1.

He becomes the first African to head the institution.

For more information, please see https://www.theeastafrican.co.ke/tea/business/makhtar-diop-tapped-to-head-world-bank-private-sector-arm-3296496