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Simon Kolawolelive
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    • Dr. IbeKachikwu, the minister of state for petroleum resources
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Source: Simon Kolawolelive |

What happened to transparency?

By Simon Kolawolelive

At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. IbeKachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated interest in the epileptic…

International Islamic Trade Finance Corporation (ITFC)
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    • The signing of these agreements contribute to the diversification of the sectors financed by the International Islamic Trade Finance Corporation (ITFC) in the member countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC Provides US$1 Billion of Financing for the Development of Strategic Commodities in Member Countries

The International Islamic Trade Finance Corporation (ITFC) Signs Agreements with Tunisia, Suriname, Mali and The Gambia on the Side-lines of the Islamic Development Bank (IDB) Group’s 42nd Annual Meeting of the Board of Governors

On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah recently, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank (IDB) Group has signed two Murabaha agreements between the Republic of Tunisia represented by the Tunisian…

MainOne
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    • L-R: Nic Rudnick, CEO, Liquid Telecoms; Uche Ofodile, Regional Head, Africa Express Wi-Fi, Facebook; Artur Mendes, CCO, Angola Cables; Funke Opeke, CEO, MainOne; Chris Wood, CEO, WIOCC and Chris George, Strategic Initiatives, Google, after the MainOne-hosted Africa Session themed “Achieving A Connected Continent: Leading The Data Explosion Across Africa” at the 2017 International Telecoms Week, held in Chicago... this week.
    • L-R: Funke Opeke, CEO, MainOne and panel Chair; Artur Mendes, CCO, Angola Cables; Uche Ofodile, Regional Head, Africa Express Wi-Fi, Facebook; Chris George, Strategic Initiatives, Google; Nic Rudnick, CEO, Liquid Telecoms and Chris Wood, CEO, WIOCC, during the MainOne-hosted Africa Session themed “Achieving A Connected Continent: Leading The Data Explosion Across Africa” at the 2017 International Telecoms Week, held in Chicago... this week.
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Source: MainOne |

MainOne advocates need for greater investments to drive data explosion in Africa

Experts at the International Telecoms Week conference in Chicago have highlighted the need to accelerate investment in Africa to facilitate the continent’s broadband data explosion

Experts at the International Telecoms Week conference in Chicago have highlighted the need to accelerate investment in Africa to facilitate the continent’s broadband data explosion. Based on the theme “Achieving A Connected Continent: Leading The Data Explosion Across Africa”, the expert panel session with participation from Google, Facebook, WIOCC, Liquid…

Source: African Union Commission (AUC) |

AU welcomes EU External Investment Plan, calls on innovative ways of mobilising resources

The African Union Commissioner for Infrastructure and Energy, Dr. Amani Abou-Zeid has welcomed the European Commission's External Investment Plan, which aims to improve investment in Africa and the EU neighborhood, in order to promote decent job creation, sustainable development and root out some of the causes of migration. "I welcome…

Source: AGCO Corporation |

AGCO reaffirms further commitment to Challenger farm machinery brand in Africa

Challenger’s product offering includes high-performance tracked tractors and sprayers built by AGCO in North America for the African market

AGCO (www.AGCOcorp.com), Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, is to further develop its Challenger farm machinery business in Africa as part of the Company’s global strategy for this leading brand. Challenger’s product offering includes high-performance tracked tractors and sprayers built by AGCO…

Source: United Nations Economic Commission for Africa (UNECA) |

Regional forum on sustainable development officially kicks off in Addis Ababa

The 2017 Africa Regional Forum on Sustainable Development (ARFSD) officially kicked-off in Addis Ababa today with Acting Executive Secretary of the Economic Commission for Africa, Abdalla Hamdok, calling on Africa to stop exporting raw materials and primary goods to feed industries of the developed world. In his welcome remarks to…

Source: Islamic Corporation for the Development of the Private Sector (ICD) |

ICD Signs MOU with RKDF to cooperate in identifying projects that need financing

The MoU envisages enhancing trade and investment opportunities in the country through co-financing and co-investments

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank (IDB) Group, has signed Memorandum of Understanding (MOU) with Russian-Kyrgyz Development Fund (RKDF) in order to identify projects and programmes for financing and co-financing in financial sector in accordance with…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes 2017 Article IV Visit to Botswana

Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter. Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost infrastructure investment and growth in selected African countries

At the side lines of the landmark IsDB 42nd Annual Meeting in Jeddah, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund (CADFund) (www.CADFund.com), a…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs US$ 450 Million Socioeconomics Development Framework Agreement with the Government of Burkina Faso

ITFC has provided over US$ 770 million since inception in 2008, in favour of Burkina Faso

On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah during the period from 14th to 18th of May 2017, the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has signed a three-years US$ 450 million socioeconomic development framework agreement with…