Category: Banking & Fianace

President Herminie and AfDB Executive Director Explore New Pathways for Seychelles’ Development and Economic Resilience

Mr Mohammed

Seychelles President Dr. Patrick Herminie met with Mr. Ronald Cafrine, Executive Director of the African Development Bank (AfDB),at the State House yesterday, Thursday,  to discuss strengthening strategic partnerships aimed at advancing Seychelles’ development and economic resilience. The meeting provided an opportunity to exchange views on the African Development Bank’s continued engagement with Seychelles. Discussions focused on cooperation in support of the country’s development priorities, economic resilience, and sustainable growth. Mr. Cafrine highlighted the Bank’s achievements over the past few years, noting that global development aid has come under increasing pressure.…

CORRECTION:Investiture of Afreximbank 4th President: The Special AFRICA24 English Spotlight

Mr Mohammed

On October 24th and 25th, 2025, the AFRICA24 Group (https://Africa24TV.com) will provide an exceptional coverage of the investiture and swearing-in ceremony of Dr. George Elombi, elected 4th President of the African Export-Import Bank (Afreximbank) says an official statement issued in Cairo,Monday. This ceremony,the statement said, is a major strategic platform to honor the legacy of Professor Benedict Oramah and lay the foundations for a new era of pan-African leadership with Dr. George Elombi. The event,it adds, marks a historic transition for the institution, with a review of the previous decade and an ambitious vision to accelerate…

Financing in the WAEMU Region to Scale up…..As BOD Strengthens Financing Capacity

Mr Mohammed

The West African Development Bank (BOAD) (www.BOAD.org) has taken a major step in strengthening its financing capacity by increasing the size of its sovereign, portfolio credit-insurance policy signed in June 2023 says an official statement issued in Lome,Monday. The policy,subscribed with a pool of leading private insurers,the statement disclosed,now amounts to XOF297.6 billion (approximately EUR 454 million). This transaction is part of strategic plan Djoliba, which aims to optimize risk management and expand financing for WAEMU member countries. This expansion,it noted, underscores the credit insurance market’s renewed confidence in the…

Kingdom of Bahrain to Host 20th AAOIFI-IsDB Conference

Mr Mohammed

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), together with the Islamic Development Bank Group (IsDB), represented by the IsDB Institute (IsDBI), is set to host the 20th edition of its annual Islamic banking and finance conference with the support of the Central Bank of Bahrain according to an official statement issued Manama,Bahrain,Sunday. The two‑day conference, scheduled to convene on 2-3 November 2025, will be held at Crowne Plaza, Manama, Kingdom of Bahrain. This year’s conference is themed “Islamic Finance in the Era of Artificial Intelligence: Present Potentials and Future…

IFIC 2025 Communiqué

Mr Mohammed

IFIC 2025 Communiqué Issued at the Close of the 4th Islamic Finance International Conference (IFIC 2025) Theme: Non-Interest Finance as a Catalyst for Inclusive and Sustainable Development Venue: Accra International Conference Centre (AICC), Accra – Ghana Date: 27th September 2025. We, the participants of the 4th Islamic Finance International Conference (IFIC 2025), convened in Accra, Ghana, under the distinguished patronage of the National Chief Imam, His Eminence Sheikh Dr. Osmanu Nuhu Sharubutu, chaired by the President of the Ghana Catholic Bishops’ Conference, Most Rev. Matthew K. Gyamfi (represented by Dr.…

About Ghana’s Adoption of Non-Interest Financing

Mr Mohammed

 Call for Action Echoed…. As 4th Int’l IF Confab ends in Accra By: Mohammed A. Abu The 4th Islamic finance International Conference, organized under the auspices of the Office of the National Chief Imam in collaboration with the Islamic Finance Research Institute of Ghana(IFRIG) ended in the country’s capital, Accra, over the weekend with a call to action. Held under the theme, “Non-Interest Finance as a catalyst for inclusive and Sustainable Development”, the one-day event attracted regulatory institutions, private sector players, diverse religious groups, women groups, professional bodies, investment agencies…

African Development Bank Group President Sidi Ould Tah pays courtesy visit to President Alassane Ouattara

Mr Mohammed

The president of the African Development Bank Group (www.AfDB.org), Sidi Ould Tah, paid a courtesy visit on Wednesday to the President of Côte d’Ivoire, Alassane Ouattara according to an official statement issued in Abidjan,Saturday. Ould Tah,the statement said, expressed his gratitude to the Ivorian leader for the support he received during his election in May becoming the ninth president of the pan-African multilateral institution. After the meeting,the statement added, Ould Tah accompanied by Côte d’Ivoire’s Minister of Economy, Planning and Development, Nialé Kaba, spoke to the national and international press.…

Sidi Ould Tah Assumes Office as 9th President of the African Development Bank Group

Mr Mohammed

ABIDJAN, Ivory Coast, September 2, 2025/ — History was made today when Dr. Sidi Ould Tah was sworn-in, as the ninth President of the African Development Bank Group (AfDB) (www.AfDB.org). At exactly11:04 Abidjan time, on a rainswept Monday morning, Dr. Sidi took his oath-of-office, at the helm of Africa’s premier development finance institution succeeding Dr Akinwumi A. Adesina who has completed his two terms. Côte d’Ivoire’s President Alassane Ouattara, and his Mauritanian counterpart President, Mohamed Ould Ghazouani, graced the elaborate high-level ceremony held at the Sofitel Abidjan Hôtel Ivoire. Former…

Swearing-in Ceremony of the New President of the African Development Bank – Exceptional Coverage by AFRICA24

Mr Mohammed

On September 1, 2025, Sidi Ould Tah will officially take office as President of the African Development Bank (AfDB), succeeding Akinwumi Adesina,according to an official statement issued in Abidjan,Saturday. Elected on May 29, 2025, with 76.18% of the vote, Sidi Ould Tah thus becomes the first Mauritanian to hold this strategic position for the continent’s economic development. Africa24,the statement said, will provide a full coverage of this historic ceremony and the related events surrounding the inauguration of the new president, offering its viewers exclusive insights into the key issues and…