Month: March 2025

Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport

Mr Mohammed

ABIDJAN, Ivory Coast, March 25, 2025/ — The African Development Bank (www.AfDB.org) and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional economic growth. Chief Executive Officer of Ethiopian Airlines Group Mesfin Tasew Bekele signed the Letter of Intent with African Development Bank Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo,…

Commitment to Supporting Integrity and Growth of the Islamic Financial Services Industry

Mr Mohammed

By: Mohammed A.Abu The General Council for Islamic Banks and Financial Institutions (CIBAFI) submitted its comments to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) on the Exposure Drafts (EDs) on “Auditing Requirements for Assessing Compliance with Shariah Principles and Rules” and “Principles of Assessment of the Necessity for Obtaining Conventional Reinsurance by Takaful Institutions.” Representing the collective perspective of its membership from more than 30 jurisdictions, CIBAFI’s submission highlights several areas requiring further clarification and enhancement in both drafts. For the Shariah compliance auditing framework, CIBAFI emphasized…

Piloting Cedi-Naira Currency Swaps Fintech Solutions

Mr Mohammed

By: Mohammed A. Abu Ghana’s Central Bank (Bank of Ghana) has denied some earlier local media publications that it had licensed MTN Ghana to conduct cross-border transactions with MTN Nigeria. The bank under its Sandbox programme to study emerging Fintech innovations, has rather approved Brij Fintech Ghana, a licensed Payment Service Provider(PSP) to conduct a limited testing of BrijX-a B2B Currency Swap Platform,it said in a Public announcement in Accra,Thursday. The platform the Bank said, is built to act as a digital marketplace that collaborates with banks, mobile money operators…

Africa Finance Corporation (AFC) Sweeps IJGlobal and Global Capital Awards with Hat Trick of Major Wins

Mr Mohammed

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been honoured with three prestigious accolades, further underscoring its impact in shaping Africa’s financial landscape. At the IJGlobal Awards 2024 held recently in London, AFC was named Guarantor of the Year, Africa, and also received the Market Innovation Award, Africa.  The following evening, AFC was recognised with the African Deal of the Year at the Global Capital Syndicated Loan Awards in London. The trio of awards showcase AFC’s pioneering role in infrastructure financing, risk mitigation, and innovative financial solutions that drive sustainable…

President Ramkalawan Presides Over Official Handover of New SBC Headquarters

Mr Mohammed

The President of the Republic, Mr. Wavel Ramkalawan, accompanied by Vice President Mr. Ahmad Afif, presided over the official handover ceremony of the new Seychelles Broadcasting Corporation (SBC) headquarters at Union Vale Yesterday morning. Funded through a generous grant from the People’s Republic of China, construction of the state-of-the-art facility commenced in April 2019 and was carried out by Hunan No.6 Engineering Co. Ltd. Despite delays caused by the COVID-19 pandemic and various technical challenges, the project has been successfully completed to the highest standards. The facility consists of three…

Balancing Energy Security and Decarbonization: African Energy Week (AEW) 2025 to Address South Africa’s Power Crisis

Mr Mohammed

CAPE TOWN, South Africa, March 18, 2025/ — South Africa faces a critical energy challenge: securing a stable power supply while transitioning to a low-carbon future. The African Energy Chamber’s (EnergyChamber.org/) State of African Energy 2025 Outlook Report provides a detailed analysis of this shift, highlighting the country’s continued reliance on coal, the slow pace of renewable energy integration and the urgent need for infrastructure investments to modernize the grid. These insights will set the stage for key discussions at African Energy Week (AEW) 2025: Invest in African Energies, where industry leaders…

Africa Tech Festival Appoints Nicolas Pompigne-Mognard, Founder of APO Group, to Leadership Council

Mr Mohammed

By:Mohammed Abu The Founder and Chairman of the award-winning Pan-African communications consultancy and leading press release distribution service provider,the APO Group , Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com),has been appointed as a member of the Africa Tech Festival Leadership Council  an official statement,said,in Cape Town,Thursday. The Africa Tech Festival (www.AfricaTechFestival.com),the release said,is the continent’s largest and most influential tech and digital connectivity conference, featuring flagship events such as AfricaCom, AfricaTech, AfricaIgnite, and the AI Summit Cape Town. The festival celebrates Africa’s vibrant tech community, attracting hundreds of exhibitors, over 450 speakers, and more…

Global Attention Towards Africa Sours

Mr Mohammed

By: Mohammed A. Abu The 6th of March this year witnessed the Canadian Government’s launch of Canada-Africa Strategy-A Partnership for Shared Prosperity and Security. “With this strategy, Canada is leveraging its long-standing partnerships with African countries to unlock unprecedented opportunities for prosperity and stability from which Canadians and the African people can mutually benefit for years to come,” said the Hon. Mélanie Joly, Minister of Foreign Affairs This comes on the back of the African Union and Japan’s expression of commitment to co-creating a Sustainable Future for Africa at a…

Embracing the Evolving Landscape of AI and Digital Transformation

Mr Mohammed

By: Mohammed Abu A three-day Wealth Masters Group’s Residential Training Event-Executive Leadership Programme in AI that is being hosted on campus by the University of Kent, United Kingdom, is scheduled to take place from the 2nd-5th June,2025. The event is being held against the background of today’s fast-paced and increasingly complex business environment, that leaves leaders, business owners, entrepreneurs and start-ups challenged to navigate unprecedented disruption, drive innovation, and integrate cutting-edge technologies like Artificial Intelligence (AI) into their organizations. To stay competitive and maintain strategic leadership, executives must not only…

ARISE IIP secures $450 million Afreximbank facility for industrial parks, Special Economic Zones development

Mr Mohammed

In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ), while also providing crucial trade finance support to businesses operating within the ARISE IIP ecosystem.  The US$ 450 million, granted in the context of Afreximbank’s strategic objective of promoting, facilitating, and supporting Africa’s industrialisation ecosystems, is part of a proposed…