Source: Afreximbank |

The African Medical Centre of Excellence (AMCE) Wraps up Successful African Health Forum 2024 in Abuja

The forum brought together esteemed industry leaders, healthcare professionals, and stakeholders from across Africa and beyond to discuss critical issues facing the healthcare sector

The African Medical Centre of Excellence, Abuja (AMCE Abuja), a quaternary-level multi-speciality medical institution developed by the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and King’s College Hospital, London, concluded its highly anticipated African Health Forum 2024 in Abuja, Nigeria, marking a significant milestone in advancing healthcare collaboration and innovation across the continent.…

African Development Bank Group (AfDB)
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    • The African Development Bank's trade finance guarantee facility granted to Access Bank DR Congo will support imports of essential goods and various inputs in such key sectors of the Congolese economy as health and agriculture
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Source: African Development Bank Group (AfDB) |

Democratic Republic of the Congo: African Development Bank grants $7 million trade finance guarantee facility to Access Bank DR Congo to support SMEs and local businesses

The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk from the confirmation of letters of credit

On 20 February 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $7 million trade finance guarantee facility grant to Access Bank DR Congo. The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk…

African Development Bank Group (AfDB)
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    • (L-R) President, African Development Bank Group, Dr. Akinwumi Adesina and EkitiState Governor, Biodun Abayomi Oyebanji, during an official meeting with the Bank’s President in Lagos
    • Lamin Barrow, Director General, African Development Bank Nigeria Country Department (5th from left); Stanley George, Director, International Economic Relations Department, Federal Ministry of Finance ( 6th from left) and Akintunde Oyebode, Ekiti State Commissioner for Finance and Economic Development (7th from left), during EKZ loan negotiation agreement meeting at the Bank’s Office in Abuja, Nigeria
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Source: African Development Bank Group (AfDB) |

Catalyzing Digital Innovation: African Development Bank commits $80 million to Ekiti Knowledge Zone Project in Nigeria

State-led pioneering special economic zone project, designed to foster linkages between educators, researchers, innovators, entrepreneurs, and industries, all within one location

In the heart of Nigeria’s Ekiti State, a groundbreaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region into a hub for digital innovation and knowledge economy. The African Development Bank has committed $80 million in loan financing for this state-led pioneering…

Source: Afreximbank |

African Multilateral Financial Institutions forge historic strategic alliance to serve as catalyst for Sustainable Economic Development and financial self-reliance in Africa

The historic inauguration of the Alliance witnessed a momentous occasion as all seven founding members signed a declarative statement announcing their commitment to the principles and objectives behind the establishment of the Alliance

Under the esteemed patronage of His Excellency Nana Addo Dankwa Akufo-Addo, the President of the Republic of Ghana and the Champion on the African Union Financial Institutions, Africa’s multilateral financial institutions have collaborated and launched the Alliance of African Multilateral Financial Institutions (AAMFI). The auspicious inauguration, which took place on…

Africa Finance Corporation (AFC)
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    • Africa Finance Corporation Commits up to US$40 Million Equity Investment in the African Medical Centre of Excellence (AMCE Abuja) to Revolutionise Healthcare Advancements in West Africa
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Commits up to US$40 Million Equity Investment in the African Medical Centre of Excellence (AMCE Abuja) to Revolutionise Healthcare Advancements in West Africa

The project will strategically harness KCH's unparalleled diagnostic, clinical, and capacity-building expertise and specialise in three core non-communicable diseases - oncology, cardiology, and haematology

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading instrumental infrastructure solutions provider, today signed an equity investment term sheet, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The visionary 500-bed medical health facility is currently being developed by Africa Export-Import…

International Islamic Trade Finance Corporation (ITFC)
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    • The International Islamic Trade Finance Corporation (ITFC) Supports National Water and Electricity Company (NAWEC) to Enhance its Corporate Governance and Strategic Leadership
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Supports National Water and Electricity Company (NAWEC) to Enhance its Corporate Governance and Strategic Leadership

Capacity Building Workshops Supported NAWEC’s Sustainable Business Growth Strategies Designed to Contribute to the Socio-economic Development of The Gambia

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB), has conducted a capacity-building training workshop on leadership and change management for the Gambia National Water and Electricity Company (NAWEC). The workshop was conducted within the framework of ITFC’s Integrated Trade Solutions (ITS) under…

Energy Capital & Power
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    • Sid Ould Tah, President of the Arab Bank for Economic Development in Africa
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Source: Energy Capital & Power |

Arab Bank for Economic Development in Africa (BADEA) President to Talk Strengthening Arab-African Collaboration at Invest in African Energy (IAE) Forum

Sid Ould Tah, President of the Arab Bank for Economic Development in Africa, will discuss opportunities in financing the continent’s infrastructure and development goals

In an effort to bolster Arab capital and technical support in Africa, Sid Ould Tah, President of the Arab Bank for Economic Development in Africa (BADEA), has been confirmed as a speaker at the Invest in African Energy (IAE) forum in Paris scheduled for May 14-15. Headquartered in Khartoum, BADEA…

African Development Bank Group (AfDB)
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    • Ambassador Mamman Nuhu, Executive Secretary of the Lake Chad Basin Commission (seated, left) and African Development Bank VP for Regional Development, Integration and Business Delivery, Marie-Laure Akin-Olugbade (seated, right) sign MOU framework to restore the Lake Chad Basin
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Source: African Development Bank Group (AfDB) |

African Development Bank Group, Lake Chad Basin Commission sign Memorandum of Understanding (MoU) to restore Lake Chad Basin

The Bank is also developing a multi-year institutional capacity building program to strengthen the Lake Chad Basin Commission to carry out in-depth environmental, technical and economic studies that will inform solutions

The African Development Bank Group (www.AfDB.org) and the Lake Chad Basin Commission have signed a Memorandum of Understanding to rehabilitate and restore the Lake Chad Basin. The agreement, signed on the sidelines of the 37th African Union Summit held in Ethiopia, will mobilise financial and technical resources to improve the…

African Development Bank Group (AfDB)
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    • Teams from SwedFund and the African Development Bank met recently in Abidjan to deepen joint support for the private sector and climate action
    • Unlocking Opportunities: Swedfund, African Development Bank Advance Collaboration on Private Sector Growth, Climate Action
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Source: African Development Bank Group (AfDB) |

Unlocking Opportunities: Swedfund, African Development Bank Advance Collaboration on Private Sector Growth, Climate Action

The meeting built on earlier talks to strengthen collaboration between the two institutions to accelerate private sector development and climate action across Africa

An African Development Bank Group (www.AfDB.org) team, led by Senior Vice President Bajabulile Swazi Tshabalala, on 15 February 2024, met with a delegation from Swedfund – the Swedish state development finance institution – led by its CEO, Maria Hakansson. The meeting built on earlier talks to strengthen collaboration between the…

Azentio Software Private Limited
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    • iMAL, Azentio's Islamic Core Banking Platform is AAOIFI Certified (1)
    • iMAL, Azentio's Islamic Core Banking Platform is AAOIFI Certified (2)
    • iMAL, Azentio's Islamic Core Banking Platform is AAOIFI Certified (3)
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Source: Azentio Software Private Limited |

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) accords Azentio Software’s iMAL latest version with compliance certification for 2024

Certification to reaffirm Azentio’s standing as today’s most relevant Islamic financial services technology provider

Azentio Software (“Azentio”) (www.Azentio.com), a Singapore-headquartered technology firm owned by funds advised by Apax Partners (www.Apax.com), has announced that iMAL™ latest version and the company’s industry-leading digital Islamic core banking platform, has successfully completed the annual compliance exercise and received the certification for the year 2024 from the Accounting and…