Month June 2025

CIBAFI Releases GIBS 2025 Report, Showcasing Emerging AI and Data Trends in the Islamic Finance Sector

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions,has successfully held a webinar titled “AI and Data Survey (GIBS) 2025 Report,an official statement issued in Manama,Bahrain,Wednesday, has  disclosed. This edition of the…

KenGen Cancels and Reopens Tender for $247.5 Olkaria VII Geothermal Plant Consultancy Work

First Published on Jun 23, 2025 by M Kubwa,Construction Review Kenya’s state-owned electricity generator KenGen has been ordered to cancel a tender worth millions of shillings for the Olkaria VII Geothermal Plant Consultancy Work. This tender was awarded to an Italian company…

Africa Finance Corporation (AFC), United Nations Industrial Development Organization (UNIDO) and partners enter new alliance leveraging Islamic and Arab finance for economic transformation

VIENNA, Austria, June 17, 2025/ — Today, Africa Finance Corporation (AFC) (www.AfricaFC.org), UNIDO, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Union of Arab Banks (UAB), formalized new strategic partnerships under the Islamic and Arab Finance…