Source: African Development Bank Group (AfDB) |

Covid-19 pandemic impetus for greater regional integration, African countries told at presentation of regional integration index report

The index, a joint publication of the Economic Commission for Africa, the African Development Bank and the African Union Commission, provides up-to-date data on the status of regional integration in Africa

As countries rebuild their economies following COVID-19, Africa needs to step up productive and infrastructural integration, participants heard at a regional presentation of the African Regional Integration Index (ARII) (https://bit.ly/3dsKMjV) held virtually last week. The index, a joint publication of the Economic Commission for Africa, the African Development Bank (www.AfDB.org) and the…

Source: Better Than Cash Alliance |

West Africa launches new payments digitization agenda

New report: Worker payments digitization for economic recovery and decent work

In Senegal, 9 out of 10 workers are paid in cash. Most are temporary workers and excluded from health insurance. A survey revealed that 77% of temporary workers would be willing to receive their wages digitally if this gave them access to health insurance. These are some of the major findings…

Source: African Development Bank Group (AfDB) |

African Legal Support Facility: Governing board lauds Covid-19 support to clients

The board commended ALSF’s performance, particularly its response to clients during the Covid-19 pandemic, including servicing of debt and contract renegotiations

The governing board of the African Legal Support Facility (ALSF) (www.ALSF.int) has met to review its progress over the past year, noting its strong performance in providing solutions to its clients during the Covid-19 pandemic. The board approved the Facility’s draft annual report and 2020 financial statements, endorsing the extension…

Source: European Investment Bank (EIB) |

EU-Africa Green Talks in Madrid: A green future for Africa

The Green Talks will allow participants to share local perspectives on sustainable development and green investment driven by the public and private sectors throughout Africa

The Portuguese Presidency of the Council of the European Union, in collaboration with the European Investment Bank (EIB) and the Spanish Ministry of Foreign Affairs, European Union and Cooperation today hosted a discussion day on energy transition in Africa. The event was held as part of the EU-Africa Green Talks:…

Source: African Development Bank Group (AfDB) |

African Union holds global conference to accelerate African vaccine development and manufacturing capacity

The meeting was attended by several African heads of state, health, finance and trade ministers from across the continent

African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscored the need to increase local production of vaccines and therapeutics to achieve greater public-health security. “The production of vaccines and access to vaccines is an absolute priority,” Cyril Ramaphosa, President of…

Source: European Investment Bank (EIB) |

East African and international political leaders and financial experts highlight green investment best practice

Dialogue between European Investment Bank, Portuguese Embassy in Kenya, financial community and development stakeholders confirms importance of green investment

Nairobi hosts EU-Africa Green Talk dialogue on sustainable development impact of local projects; Dialogue between European Investment Bank, Portuguese Embassy in Kenya, financial community and development stakeholders confirms importance of green investment. The Secretary General of East African Community today joined more than 150 African business leaders, financial experts and…

Source: UN Habitat |

UN-Habitat and Swedish International Development Cooperation Agency (SIDA) partner in cash transfer initiative to cushion Kismayo residents from the effects of the COVID-19 pandemic

250 households will each receive a total of USD 210 over a three – month period to support their families

UN-Habitat has disbursed the first tranche of direct cash transfers of USD 70 each to 250 vulnerable households in Western Kismayo as part of the COVID-19 response within a larger project funded by the Government of Sweden which addresses youth and urban regeneration in Somalia. The same 250 households will…

Islamic Corporation for the Development of the Private Sector (ICD)
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    • The Islamic Corporation for the Development of the Private Sector and the Arab Tourism Organization sign a Memorandum of Understanding and Cooperation
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector and the Arab Tourism Organization sign a Memorandum of Understanding and Cooperation

Memorandum fulfils the objectives of the ICD, aiming at enhancing and improving the structures and mechanisms of cooperation among the member countries of the Organization of Islamic Cooperation

Under the patronage of His Excellency Dr. Bandar bin Fahd Al Fahid, President of the Arab Tourism Organization (ATO) - Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-ps.org), member of the Islamic development Bank Group (IDBG), and His Excellency Mr.…

Centurion Law Group
Source: Centurion Law Group |

The Securities and Exchange Commission's (SEC) circular on the trading of foreign securities by investment platforms in Nigeria (By Ibrahim Moshood)

The circular dated 8 April 2021, issues a strong warning to these investment platforms and Capital Market Operators (“CMOs”) in partnership with them to provide brokerage services

By Ibrahim Moshood, Associate, Centurion Law Group (https://CenturionLG.com) The apex regulator of securities in Nigeria, the Securities and Exchange Commission (“SEC”) has issued a circular, with respect to technology investment platforms providing the Nigerian public with access to foreign securities. The circular dated 8 April 2021, issues a strong warning to these…

International Islamic Trade Finance Corporation (ITFC)
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    • Eng. Hani Salem Sonbol, CEO of ITFC and H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor)
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC and the Republic of Cameroon Sign a US$750 Million Three-year Framework Agreement to Support Cameroon’s Key Sectors through Integrated Trade Solutions

A EUR 98 Million Murabaha financing agreement with SODECOTON was also signed to facilitate the purchase of agricultural inputs and cotton seeds

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed on April 12, 2021 two agreements in a virtual signing ceremony between H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor) and…