Category: ECONOMY

Leveraging Africa’s Gold/Mineral Reserves for Economic Independence

Mr Mohammed

Aurum Elite Bullion LLC Leads the Charge Story: Mohammed A. Abu Africa holds roughly 30% of the world’s mineral reserves, including 40% of its gold and up to 90% of chromium and platinum. The continent  is a global powerhouse for resources, containing 65% of the world’s arable land, 10% of its oil, and significant deposits of cobalt, diamonds, and uranium, making it essential to global supply chains. Against this backdrop,governments of African countries need sober reflection over the thorny issue of  political independence minus  economic independence complicated  by ever rising public…

AIFF Launched to Strengthen Continental Financial Sovereignty

Mr Mohammed

African Heads of State and Government on February 14, 2026, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform designed to accelerate the preparation and facilitation of financing for priority cross-border infrastructure projects aligned with Agenda 2063,says an official statement issued in Addis Ababa,Wednesday. The launch took place during the Third Presidential High-Level Dialogue of the Alliance of African Multilateral Financial Institutions (AAMFI), convened on the margins of the 39th African Union Summit under the theme: “Strengthening Africa’s Financial Architecture to Finance Agenda 2063.” Held under the patronage of H.E.…

Ghana Makes Strides in Non-Interest Banking  Introduction

Mr Mohammed

…..As Country’s Central Bank Finally Issues Guidelines Report: Mohammed A. Abu Ghana’s Central Bank (Bank of Ghana) has finally issued its Guidelines for the Regulation and Supervision of Non-Interest Banking 2025, bringing to an end, the decades long much expected introduction of  the globally  most patronized alternative financing model into the country’s financial system. The introduction of Non-interest banking came out as one of the key policy recommendations during last year’s National Economic Forum which tended to have stimulated the pursuit of a series of pragmatic action measures by the…

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.…

ICD-Coris Bank Partner to Support Benin SMEs with EUR 25 M Sharia Compliant Line of Financing

Mr Mohammed

This strategic financing facility will enable CBI Benin to provide much-needed capital to SMEs and corporate clients across Benin, supporting the country’s economic diversification efforts and private sector development, says, an official statement issued in Jeddah, Thursday. EUR 25 million Shariah-compliant Line of Financing facility to support private sector growth in Benin Four-year facility to facilitate access to finance for the private sector enterprises, mainly SMEs and Large corporates. Expected to create 600 new jobs and support sustainable economic development Expanding ICD’s successful partnership with Coris Holding across West Africa…

Africa Investment Forum: AfDB appoints SG as Lead Advisor for innovative Synthetic Securitization Platform

Mr Mohammed

The African Development Bank Group (www.AfDB.org) has appointed Societe Generale as Lead Advisor for the structuring and execution of its Multi-Originator Synthetic Securitization Platform (SST Platform) says an official statement issued in Rabat,Friday. The two entities,it said, signed a contract on November 26 during the Africa Investment Forum Market Days 2025 in Rabat (Morocco). Joining three other transactions executed since 2018 under the Bank Group’s successful Room to Run (R2R) initiative, the SST Platform will operate as a revolving, evergreen and scalable risk-transfer vehicle offering development finance institutions regulatory capital…

Championing   Regional Transit Guarantee Scheme in ECOWAS….Afreximbank Urges Nigeria

Mr Mohammed

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has urged Nigeria to champion the implementation of an effective regional transit guarantee scheme under the new transit regulation endorsed by the Economic Community of West African States (ECOWAS). Delivering a keynote address at the inaugural session of the Customs Partnership for African Cooperation in Trade (Customs PACT) held in Abuja, Nigeria, from 17 to 19 November, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank, highlighted the challenges imposed by the current interstate road transit regime in the region. Key among…

Zambia targets energy investment with Africa’s richest man

Mr Mohammed

Zambia is positioning itself for a landmark energy sector investment following high-level discussions between President Hakainde Hichilema and Africa’s wealthiest entrepreneur, Aliko Dangote, at State House in Lusaka on Wednesday, November 12. Zambia is courting Africa’s richest man, Aliko Dangote, to expand his conglomerate’s operations into its energy sector. The talks focus on industrial growth, job creation, and economic diversification under Lusaka’s reform programme. Dangote’s $19 billion Lagos refinery and pan-African presence signal potential transformative impact for Zambia. President Hichilema praised Dangote’s leadership and pledged a stable, investor-friendly environment for…

Offering the Inaugural “Global Perspectives: Africa Summit in London,a High-Level Dialogue…CNN Invites APO Group Founder 

Mr Mohammed

APO Group (www.APO-opa.com), the leading pan-African communications and news distribution consultancy, is honoured to confirm that its Founder and Chairman, Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), has been invited to participate in the inaugural Global Perspectives: Africa’s Role in a Changing World summit — an invitation-only gathering of global leaders and influencers hosted by CNN International on 3 November 2025 in London, UK say an official statement issued in London,Wednesday. Launched in July 2025, the statement said,Global Perspectives is CNN’s new events franchise designed to bring its journalism and editorial insight to live…

EIB and European Commission support Palestine’s economic resilience with €400 million facility for local businesses

Mr Mohammed

  Financing is part of the European Commission’s Multiannual and Comprehensive Programme for Palestinian Recovery and Resilience, aiming to boost economic stability and job creation. EIB facility to strengthen Palestinian local micro, small, and medium-sized enterprises by improving access to affordable financing. Partnership with the Palestine Monetary Authority and local financial intermediaries to channel resources to private sector. After the approval of the European Investment Bank (EIB)’s Board in July, today, the EIB and the European Commission have announced at the UN General Assembly in New York the signature of a €400 million financing facility with the…