The Green Climate Fund (GCF) and the European Investment Bank (EIB) have sealed a landmark financing agreement that will provide a big boost to climate action in 10 emerging markets across the world according to a news update of the Fund published on June,5,2026. Under the agreement,it said, GCF is committing USD 233 million to the Global Green Bond Initiative (GGBI), a flagship European Union programme. Amundi, Europe’s largest asset manager, will run the GGBI Fund, a public‑private investment vehicle with a target of USD 3.5 billion (EUR 3 billion). The GGBI Fund…
Month: June 2026
Promoting Alternative Dispute Resolution…CIBAFI-OIC Arbitration Centre Signs MOU
In a strategic step reflecting the shared commitment to strengthening stability and legal governance in the Islamic finance sector, the General Council for Islamic Banks and Financial Institutions (CIBAFI) signed a Memorandum of Understanding with the Organisation of Islamic Cooperation Arbitration Centre (OIC-AC) an official statement disclosed on Sunday. The Memorandum of Understanding,the statement said, was signed on 4 June 2026 during the opening ceremony of the recently held 3rd Global Islamic Economy Summit in Istanbul, under the esteemed patronage of H.E. President Recep Tayyip Erdoğan, President of the Republic…
“We Paved Paradise and Made a Flood”-(By Eddie Yawson)
You see, we all to blame. When you concrete every space on your plot, you do not allow the rains to percolate into the soil. All the rain goes out into the street or drains not designed for it. And it overwhelms the drains. But the drains were never the real problem. We are. We have declared war on soil. Look at any new house in Accra, Kumasi, or Takoradi. The compound is tiled edge to edge. The frontage is paved for cars. The backyard is concreted so “it won’t…
Is Bitcoin Halal or Haram: A Shariah Analysis?
First Published,April,2018. Is Bitcoin halal or haram? Blossom Finance publishes working paper on the permissibility of Bitcoin, cryptocurrency, and Islamic finance and concludes that bitcoin qualifies as Islamic money, except where banned by local government, but cautions investors against speculation, ICOs, and investment schemes As fluctuations and volatility continue to rock the cryptocurrency world, Blossom Finance has commissioned and released a working paper exploring the Islamic permissibility of bitcoin, cryptocurrency, and blockchain. The paper concludes that Bitcoin fully meets the definition of Islamic money under certain conditions and is generally…
CIBAFI & Albaraka Forum join hands for a New Era of United Global Representation for the IF Industry
In a landmark gathering that signals a new era of coordinated leadership for the global Islamic finance industry, the General Council for Islamic Banks and Financial Institutions (CIBAFI), in partnership with AlBaraka Forum for Islamic Economy, convened a high-level Roundtable Meeting of Islamic Banking Associations in Istanbul, Türkiye, under the theme: “Elevating the Global Voice of Islamic Banking: Strengthening Representation, Alignment, and Collaboration through CIBAFI’s Leadership.” according to an official statement issued in Istanbul,Thursday. The meeting,the statement noted, represents the first initiative of its kind in the history of the Islamic…
WAMPEX 2026 Opens in Accra with Call for Responsible Mining and Regional Growth
The Minister for Lands and Natural Resources, Honourable Emmanuel Armah-Kofi Buah, has called on West African countries to leverage responsible mining and reliable power to drive industrial growth, job creation and sustainable development across the sub-region. He made the remarks at the opening of the 2026 West African Mining and Power Expo (WAMPEX) in Accra on Tuesday 3rd June 2026 themed “How Can Responsible Mining and Power Accelerate West Africa’s Sustainable Development.” Addressing participants from across Africa and beyond, the Minister noted that global demand for critical minerals continues to…
Ghana Shares Land Administration Reforms with Eswatini Delegation
The Minister for Lands and Natural Resources, Honourable Emmanuel Armah-Kofi Buah, has welcomed a seven-member delegation from the Kingdom of Eswatini to Ghana, describing the visit as a valuable opportunity to strengthen cooperation and share experiences in land governance. The delegation is in the country to learn from Ghana’s land administration reforms as Eswatini works towards developing its National Land Policy. The Minister highlighted key reforms being implemented in Ghana including the decentralisation of land services, the digitalisation of land records and efforts to reduce land disputes. Hon. Buah explained…
AI and journalism in southern Africa: editors are using it but balanced with human expertise and editorial judgement
First Published,June 1,2026.Authors: Mandla J. Radebe,Professor, University of Johannesburg,Mandla J. Radebe Professor, University of Johannesburg Mbongeni J Msimanga Post-doctoral fellow at the Johannesburg Institute for Advanced Study, University of Johannesburg Artificial intelligence (AI) is becoming part of everyday newsroom work across Africa. It has entered quietly through routine tasks such as transcription, headline writing, translation and content preparation. In southern Africa, where AI adoption is steadily growing, its application in journalism is raising critical questions from policymakers and governments. While technology offers gains in speed and efficiency, its use remains contested due…
SOAD Parliament Adopts the Law of Continuity, Sovereign Stewardship and Ancestral Justice
On April 26, 2026, the Parliament of the State of the African Diaspora (SOAD) adopted the Law of Continuity, Sovereign Stewardship and Ancestral Justice, affirming a central principle,according to it’s official statement issued in London recently. African sovereignty,the statement noted, endures beyond colonization, through ancestral covenant, customary law, and living communities. Grounded in the historical continuum of Terra Aethiopum, the Act,the release noted, recognizes the lasting legitimacy of African kingdoms, customary institutions, and knowledge systems across the continent and the global Diaspora. This legislation,it undercored, establishes a restorative framework. It…