Day: October 27, 2023

Africa Tech Festival Announces Top 10 Finalists for Start-Up World Cup

Mr Mohammed

JOHANNESBURG, South Africa, October 27, 2023/ — The results are in and today, organisers of the annual Africa Tech Festival (https://apo-opa.info/3myppVu), taking place in Cape Town 14 – 16 November, announced the top ten finalists of the AfricaIgnite Pitch Competition who will battle it out to win the opportunity to represent the African continent in the Startup World Cup (https://www.StartupWorldCup.io/) on 1 December this year. Making the announcement, James Williams, Senior Director, Events | Connecting Africa | Informa Tech, remarked: “Congratulations to everyone who entered. We called for the continent’s…

IsDBI and Indonesia’s OJK Explore Innovative Financial Instruments for a Sustainable Islamic Finance Ecosystem

Mr Mohammed

Chairman of Indonesia’s Financial Services Authority (OJK), Mr. Mahendra Siregar, welcomed Dr. Sami Al-Suwailem, Acting Director General, of the Islamic Development Bank Institute (IsDBI), at the OJK headquarters in Jakarta, Indonesia, for discussions focusing on the Islamic finance ecosystem. The meeting, held on 24 October 2023, highlighted IsDBI’s Sukuk Development Program (SDP), which aims to enhance the role of sukuk in supporting development in IsDB Member Countries. The program focuses on three main components, namely Sukuk Enhancement Fund (SEF), Sovereign Finance Corporation (SFC), and Cash Waqf Linked Sukuk (CWLS). SEF is a…

The Caribbean Community (CARICOM) Central Banks adopt Pan-African Payment and Settlement System (PAPSS) for intra-regional trade transactions

Mr Mohammed

CAIRO, Egypt, October 26, 2023/ — The Pan-African Payment and Settlement System (PAPSS), a groundbreaking initiative developed by the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) to revolutionize cross-border payments and boost intra-African trade, celebrates a significant milestone as it receives a historic endorsement from the Governors of the Central Banks in the Caribbean region. All eleven Central Banks have unanimously adopted PAPSS as the preferred system for processing the settlement of intra-regional trade transactions. The Governors have indicated their recognition of Afreximbank’s experience and skill in using PAPSS to streamline cross-borders…