Category: ECONOMY

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

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

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

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

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

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 

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

  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…

AIM Congress Announces 15th Editin for 2026

Dubai, United Arab Emirates, 6th October 2025: The Organizing Committee of AIM Congress, the world’s leading investment platform, has officially announced the launch of its 15th edition under the theme: Reshaping Global Prosperity: Unlocking New Investment Pathways Towards a Sustainable and Inclusive Future. AIM Congress will be held from 13 to 15 April 2026 in Dubai World Trade Centre (DWTC), Dubai, United Arab Emirates. AIM Congress, recognized globally as a premier event dedicated to steering sustainable investment trends, will address strategies to navigate major economic transformations. The event aims to…

IFIC 2025 Communiqué

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

 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…