Month: February 2025

Africa: The Islamic Development Bank Institute (IsDBI) and Mohammed bin Salman (MBS) College Announce Strategic Partnership to Deliver Entrepreneurial Leadership Programs

Mr Mohammed

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) and Prince Mohammed bin Salman College of Business & Entrepreneurship (MBSC) have signed agreements to foster entrepreneurial skills and leadership excellence in IsDB Member Countries and Muslim Communities. This collaboration aims to launch two innovative programs: the Entrepreneurial Mindset Development Program and the Strategic Business Leadership Program. These programs integrate Islamic finance values and instruments to foster economic growth in Member Countries. The programs will be hosted by MBSC and delivered jointly by both institutions. Dr. Sami Al-Suwailem, Acting Director General of IsDBI, and Dr.…

AD Ports Group Starts Port and Logistics Operations in Luanda, Angola

Mr Mohammed

LUANDA, Angola, January 31, 2025/ — AD Ports Group (www.ADPortsGroup.com), a leading facilitator of global trade, logistics and industry (ADX: ADPORTS), today began its long-term management and development of a major multipurpose terminal and an associated logistics business with local partners in Luanda, Angola, driving forward its expansion in sub-Saharan Africa. With Angolan joint venture partners Unicargas and Multiparques, AD Ports Group started operations at Noatum Ports Luanda Terminal in the country’s largest port. The Port of Luanda handles about 76% of Angola’s container and general cargo volumes, as well…

Africa – Mission 300: Significant new donor pledges in support of the Sustainable Energy Fund for Africa announced on margins of the Africa Energy Summit

Mr Mohammed

DAR ES SALAAM, Tanzania, January 31, 2025/ — Denmark, the United Kingdom, Spain and France have unveiled new or additional contributions to the Sustainable Energy Fund for Africa, demonstrating strong support for the African Development Bank (www.AfDB.org)-managed fund as it expands energy access across Africa, including through the Mission 300 partnership. Another new donor – Japan –joined in December 2024 with a $5 million contribution under AGIA (https://apo-opa.co/3Eju6LT). SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. It…

Oando Publishes N4.1 Trillion Revenue and N65.5 Billion Profit-After-Tax in Full Year (FY) 2024 Results

Mr Mohammed

LAGOS, Nigeria, February 1, 2025/ — Oando PLC (www.OandoPLC.com), Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The company’s 2024 performance showcases a consistent upward trajectory following its announcement of N65.5 billion in profit after tax. Speaking on the results, Group Chief Executive, Oando PLC, Wale Tinubu CON, commented, “2024 was a…

Africa: The Sahel Can Revolutionize Renewable Energy Access and Affordability Up to the Last Mile (By Reshmi Theckethil)

Mr Mohammed

DAKAR, Senegal, January 31, 2025/ — By Reshmi Theckethil, Lead Portfolio, Climate Action, Disaster Risk Reduction, Energy, and Resilience | Sahel Resilience Project Manager, UNDP Sub-Regional Hub for West and Central Africa (www.UNDP.org).  Imagine a Sahel region where every household, school, and hospital has access to clean, affordable energy—where renewable power not only serves homes but also drives economic transformation. Given the region’s rich solar, wind, and hydro resources, this vision is achievable. With one of the highest potential for solar energy production globally, at 13.9 billion kWh/year compared to the…