Category: Banking & Fianace

Admirals Expands Global Presence with Opening of New Office in Nigeria

Mr Mohammed

Global fintech player expands its presence in the African market 8 May 2023, Lagos – Admirals, a global fintech leader with 22 years of experience and expertise, has announced the establishment of its the physical presence in Nigeria, aiming to further position itself as a major financial services provider on the African continent. Admirals offers a wide range of financial products and services to the Nigerian traders, such as trading with stocks, forex and CFDs on indices, metals, energies, stocks, bonds, and digital currencies. It is also set to boost…

Afreximbank to hold 30th Annual Meetings in Accra, Ghana, from 18-21 June 2023

Mr Mohammed

Afreximbank Annual Meetings are open to all those interested and/or active in promoting African trade and supporting the socio-economic development of African economies   CAIRO, Egypt, April 13, 2023/ — The 30th Annual Meetings of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) will take place in Accra, Ghana, from 18 to 21 June 2023. The event will mark the high point of the Bank’s year-long 30th anniversary celebrations, under the theme “Delivering the Vision. Building Prosperity for Africans”. The 30th Afreximbank Annual Meetings and 30th Anniversary celebrations will bring together on one platform thousands of people,…

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Mr Mohammed

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself DAKAR, Senegal, January 26, 2023/ — The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital of Dakar. Adesina…

Measuring Multidimensional Poverty: Islamic Development Bank Institute (IsDBI), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) Organize Training for Islamic Development Bank (IsDB) Group Staff

Mr Mohammed

Over 40 staff from the various IsDB Group entities attended the training sessions JEDDAH, Kingdom of Saudi Arabia, January 26, 2023/ — The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) jointly organized a training workshop on measuring multidimensional poverty. The workshop was designed to build the capacity of IsDB Group staff in producing data-driven research that supports evidence-based policymaking. The training was held on the 24-25 January 2023 at the IsDB Headquarters in Jeddah, Kingdom of Saudi…

Ghana’s domestic debt restructuring has stalled: four reasons why

Mr Mohammed

Published: January 25, 2023 11.45am SAST Author:Theophilus Acheampong Associate Lecturer, University of Aberdeen Ghana is facing multiple financial and economic challenges and has requested a US$3 billion bailout from the International Monetary Fund (IMF) to help it restore macroeconomic stability. This will include bringing public debt down to more manageable levels from the currently estimated 105% of GDP to 55% in present value terms by 2028. IMF assistance, which is yet to be approved by the fund’s executive board, is conditional on Ghana restructuring its public debt – domestic and external – which in turn requires the…

Africa Finance Corporation (AFC) Expands Asian Capital Market Footprint with US$160 Million Kimchi Loan Facility Led by Mizuho and Shinhan Bank

Mr Mohammed

The successful closure of the 3-year Kimchi loan facility is a positive indication of Korea’s and more broadly Asia’s growing interest in infrastructure investment opportunities in Africa LAGOS, Nigeria, December 7, 2022/ — Africa Finance Corporation (https://www.AfricaFC.org/), the leading infrastructure solutions provider in Africa, is expanding its footprint in Asian capital markets, today announcing the successful closure of a US$160 million Kimchi Term Loan Facility with Mizuho Bank, Ltd. and Shinhan Bank as Bookrunners and Mandate Lead Arrangers (BMLAs). This facility follows the successful execution of the Corporation’s inaugural US$140…

Addressing Africa’s Infrastructure Funding gaps

Mr Mohammed

Nigeria Returns to the Market with N100 billion Sukuk Offer By: Mohammed Abu Abdul Aziz Adewuyi Abdul Rahman of the Universiti Utra of Malaysia,in his abstract of his paper titled,” Sub-Sahara’s Infrastructure Funding Gap: Potentials from Sukuk Financing” notes that,Sub-Sahara African (SSA) region as a large part of the African continent suffers huge infrastructure deficit mainly as a result of the vast funding gap. The negative impact of the infrastructure deficiency continues to constrain socioeconomic development and the general well-being of the people of the region. Heavy reliance on the…

IBF Industry Stakeholders go back to School in Manama.

Mr Mohammed

……As CIBAFI-Ivey Business School Resume Collaboration Story: Mohammed A. Abu The Manama, Bahrain based General Council for Islamic Banks and Financial Institutions(CEBAFI), and Ivey Business School, Western University,Canada, have kick started continuation of their productive collaboration through the eight series of their Executive Programme. The 2022 edition of the programme themed:” Agile and Strategic Leadership for Succeeding in a Hyper Turbulent World”,will  run for two days,a Press Release issued by CIBAFI in Manama,Monday said. “After conducting the last two series of this highly interactive programme virtually, CIBAFI and Ivey Business…