ALGIERS, Algeria, May 27, 2025/ — The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) has announced the winners of the first-of-its-kind Artificial Intelligence (AI) Hackathon in Islamic Finance, organized to showcase the potential of AI-powered tools to support the progress of the global Islamic financial industry. The awards were announced and presented to the winners during the 19th IsDB Global Forum on Islamic Finance on 20 May 2025 in Algiers, Algeria, on the sidelines of the IsDB Group Annual Meetings. As the Islamic finance industry evolves to meet the demands of…
Category: AFRICA
Afreximbank and Zep-Re launch the Trans-Africa Bond Alliance (TABA)
The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Zep-Re (PTA Reinsurance Company) have launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects while boosting cross-border trade and enhancing the movement of goods and investment across Africa,said an official statement issued in Nairobi,Friday. By providing robust transit guarantee mechanisms, the joint venture between Afreximbank and Zep-Re is expected to reduce trade barriers, lower costs, and improve efficiency in the movement of goods across Africa.…
Ghana develops Data Exchange Hub to power AI for national development
By: Evelyn Borquaye,First published On Mar 28, 2025,Ghana News Online Minister for Communication, Digital Technology and Innovations, Samuel Nartey George has announced that government is developing a one-stop-shop Data Exchange Hub to power Artificial Intelligence for national development. The Minister made the announcement in a speech read on his behalf by the CEO of the Kofi Annan ICT Centre, Dr. Collins Yeboah-Afari at the opening of the maiden Ghana AI Summit and Awards in Accra. The summit, organized by Knowledge Innovations in collaboration with Deloitte Ghana, was under the theme “Harnessing Artificial…
Africa Energy Bank Gears Up for H1 2025 Launch
BRAZZAVILLE, Congo (Republic of the), March 27, 2025/ — Ahead of its H1 2025 launch, the Africa Energy Bank – developed jointly by Afreximbank and the African Petroleum Producers Organization (APPO) – is positioning itself to tackle major challenges in financing, technology and market reliability to accelerate Africa’s oil and gas sector development. Speaking at the Congo Energy & Investment Forum in Brazzaville, Dr. Omar Farouk Ibrahim, Secretary General of APPO, reaffirmed the launch timeframe and underscored the urgency of establishing the bank to address the continent’s energy needs. “We…
Dr. Khalid Khalafalla Appointed as Acting Chief Executive Officer of Islamic Corporation for the Development of the Private Sector (ICD)
The Board of Directors of the Islamic Corporation for the Development of the Private Sector(ICD),the private sector arm of the Islamic Development Bank(IsDB), has approved the appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer (CEO), effective 19 March 2025 Dr. Khalafalla brings extensive experience from his career within the IsDB Group. Since December 2024, he has been serving as CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). This was contained in an official statement issued by ICD in Jeddah,Thursday. The Chairman of…
Dubai WoodShow 2025 to Host Global Traders & Experts in Timber and Logistics Markets
The highly anticipated Dubai WoodShow 2025 the premier platform for the wood and woodworking machinery industry in the Middle East and North Africa, scheduled to take place from April 14 to 16, 2025, will convene leading industry professionals, traders, experts, and key stakeholders from across the global timber and logistics markets,the event organizers said in an official statement issued in Dubai,Thursday Alongside the exhibition, the event will serve as a premier platform for discussions on market trends, innovations, and emerging opportunities within the sector. Attendees will gain valuable insights through…
Ghana Drives Small-Scale Gold Mining (ASGM) Growth, Sustainable Mining with Global Partnerships
ACCRA, Ghana, March 26, 2025/ — Ghana is strengthening its collaboration with international partners to enhance (https://apo-opa.co/4kYCvVX) its small-scale gold mining (ASGM) sector and the broader gold value chain for socioeconomic development. The Ashanti Green Initiative, led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom, is spearheading the inaugural Mining in Motion Summit in partnership with the World Bank and the World Gold Council. Scheduled for June 2-4, 2025 in Accra, the summit brings together stakeholders from Ghana’s ASGM sector, major mining players and global investors to discuss best…
Boosting Ghana’s Industrial Development: A Strategic Approach-(By:Charles Dzradosi)
Former Secretary,Avetime-Vane Citizens Association First Edition published in the Evening News of July 4th 2001 Introduction After a sharp contraction of 1.7% in 2023, Ghana’s industrial sector rebounded with a strong 7.1% growth in 2024, driven by mining, manufacturing, construction, and electricity. The 2025 Budget has projected a modest 4.8% growth in 2025. The 2024 performance, compared with the projected growth for 2025 has been the subject of some debate among analysts, but no clear reasons have been offered to explain the low projections. Even though there are various theories…
Afreximbank breaks ground on historic state-of-the-art Afreximbank African Trade Centre (AATC) in Barbados, first outside Africa
BRIDGETOWN, Barbados, March 25, 2025/ — African Export-Import Bank (Afreximbank) (www.Afreximbank.com/), Africa’s leading Multilateral Financial Institution, made history today when it broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal moment for trade relations between Africa and the CARICOM region. The US$180 million Barbados AATC, the first to be established outside Africa, is an authentic icon of trade embodying the ambition, resilience, and influence of leading commercial cities in Africa and the Caribbean that serve as dynamic focal points for commerce, fostering…
Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport
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,…