African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

New African Development Bank-Global Center on Adaptation (GCA) initiative will galvanize $25 billion to scale up African climate adaptation

The announcement came during the Climate Adaptation Summit (CAS) 2021, hosted by the government of the Netherlands and the Global Center on Adaptation

African Development Bank (www.AfDB.org) President Akinwumi A. Adesina announced the launch on Monday of the Africa Adaptation Acceleration Program (AAAP) to mobilize $25 billion to scale up and accelerate climate change adaptation actions across Africa. The announcement came during the Climate Adaptation Summit (CAS) 2021, hosted by the government of…

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

Signing of memorandum of understanding (MoU) Between Development of the Private Sector (ICD) and SQB Securities, Uzbekistan

Mr. Sejiny stressed the importance of the MoU in increasing capacity-building, promoting knowledge-sharing and supporting greater sustainable access to finance across ICD member countries

Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB), and Mr. Amur Safaraliyevich Djalilov, the CEO of SQB Securities LLC (www.SQBS.uz), signed a MoU for the development of Islamic finance…

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

International Islamic Trade Finance Corporation (ITFC) and Prime Bank Sign US$15 million Murabaha Financing Facility to support SMEs in Bangladesh

ITFC’s partnership will enable one of Bangladesh’s top tier financial institutions to provide Islamic financing to SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$15 million Murabaha Financing Facility in favour of Prime Bank Limited, Bangladesh to facilitate cross-border import transactions of the bank’s private sector businesses, particularly SMEs. Prime Bank and ITFC signed the…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) announces the launching of the 2nd phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in June 2021 to Mitigate the Effects of COVID-19 on Trade in the Arab Region

The webinar gathered high level officials and partners, and country representatives, where the discussion evolved around the success of the first phase of AfTIAS Program in 2014 to 2018

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) on behalf of The Islamic Development Bank Group (IsDB), and in coordination with the League of Arab States hosted a high-level webinar themed “The role of the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) in mitigating the negative effects…

Source: INFINOX Capital |

Online Trading: What to look for in a Broker

With the rise of public participation in online trading, it is crucial to consider all the trading services offered by the broker to ensure successful trading

Public participation in online trading has accelerated at unprecedented levels in 2020. This is the view of Dany Mawas, Regional Director at INFINOX (www.INFINOX.com), a leading CFD trading broker with international presence and market expertise, who explains that he, along with other heavyweights in the industry, Oakhaven Capital, believe that…

Source: African Development Bank Group (AfDB) |

African Development Bank (AfDB) President Akinwumi Adesina’s Speech at the Federal Inland Revenue Service Tax Dialogue

African economies are projected to recover this year

By Akinwumi Adesina, President of African Development Bank (www.AfDB.org) Your Excellency, President Muhammadu Buhari, GCFR, President of the Federal Republic of Nigeria Your Excellencies, Governors, Excellencies, Ambassadors Honorable Ministers Chairman of the Federal Inland Revenue Service, Muhammad Nami Distinguished Ladies and Gentlemen I would like to wish you Mr. President and all…

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

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank ‘Orient Finans’

This financing will support private sector and SME development in the wake of COVID-19 pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan. Commenting on the Line of Trade Finance Facility, Eng. Hani…

Source: African Development Bank Group (AfDB) |

U.K Africa Investment Summit: Renewable energy critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity, Panel says

The panel covered discussion of British innovation and experience in the context of partnering with Africa to advance its economic development

Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity,  panelists in a 2021 UK Africa Investment Summit event said Wednesday, as they called for a stronger partnership between the United Kingdom and  Africa. The panel, themed UK & Africa: Partnering in Sustainable and Resilient…

Wari Group
Source: Wari Group |

Wari and Lycaremit enter strategic partnership to facilitate cross-border remittance

Lycaremit users will benefit from Wari’s highly secure network to access low-cost fund transfers across 30 African countries, Europe, Russia, and the Middle East

Wari (www.Wari.com), a global platform offering digital financial services, is partnering with Lycaremit to strengthen its global network; Lycaremit users will benefit from Wari’s highly secure network to access low-cost fund transfers across 30 African countries, Europe, Russia, and the Middle East; Services will be available online immediately, via WhatsApp…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs Murabaha Financing Facility with Eastern Bank Ltd to support SMEs in Bangladesh

ITFC partnership will enable one of Bangladesh’s key financial institutions to reach out and provide financial support to more SMEs

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a Murabaha Financing Facility in favour of Eastern Bank Limited in Bangladesh to support the Bank’s private sector business, particularly SMEs importing raw materials. Eastern Bank is the latest partner institution to…