International Islamic Trade Finance Corporation (ITFC)
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    • ITFC CEO Eng. Hani Salem Sonbol alongside Prof Benedict Oramah, President Afreximbank, HE Muhammad Hammad Azhar, Minister for Economic Affairs, Government of Pakistan and H.E. Dr. Bandar Hajjar, President, Islamic Development Bank Group at the ITFC Partners Forum in Jeddah, KSA
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Partners Forum Highlights Immense Strength of Islamic Finance Globally

ITFC was joined by a host of local, regional and international finance institutions alongside official delegates from Pakistan and other member countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia. Hosted at the Ritz Carlton Hotel, under the auspices of H.E…

OFID
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    • Dr Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development and Burkina Faso’s Minister of Economy, Finance and Development, Lassané Kabore, sign a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA) (Photo credit - OPEC Fund/Idrissa Ouedraogo) (1)
    • Dr Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development and Burkina Faso’s Minister of Economy, Finance and Development, Lassané Kabore, sign a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA) (Photo credit - OPEC Fund/Idrissa Ouedraogo) (2)
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Source: OFID |

The Organization of the Petroleum Exporting Countries (OPEC) Fund signs US$20m loan with Burkina Faso, attends inauguration of health and education facilities

Agricultural Value Chain Support Project (PAPFA) aims to contribute to poverty alleviation and to enhance food security in Burkina Faso

The Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA). Dr Alkhalifa signed the loan in Ouagadougou with Burkina Faso’s Minister of Economy, Finance and Development, Lassané…

Source: African Development Bank Group (AfDB) |

African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award

To follow in the footsteps of my big brother President Paul Kagame of Rwanda, who won the award in 2018, is an honour beyond description – Akinwmi Adesina

African Development Bank (https://www.AfDB.org/en) President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The…

Source: Horasis: The Global Visions Community |

Former President Koroma hosts The Chairman of Horasis

Frank-Jurgen Richter, formerly director of the World Economic Forum, is visiting in preparation for the 2020 Horasis Global Meeting

Sierra Leone's distinguished statesman, former President Dr. Ernest Bai Koroma, has hosted Dr. Frank-Jurgen Richter, Chairman of Horasis.  Frank-Jurgen Richter, formerly director of the World Economic Forum, is visiting in preparation for the 2020 Horasis Global Meeting. It could be recalled that during the April 2019 Horasis meeting in Cascais,…

Source: African Development Bank Group (AfDB) |

African Development Fund (ADF-15) replenishment: Donors commit $7.6 billion, a 32% boost from last replenishment, in support of Africa’s low-income, fragile, countries

The Fund comprises 32 contributing states and benefits 37 countries

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the…

Source: Ministry of Foreign Affairs of Finland |

Finland increases its support for the African Development Fund

Finland's pledge consists of a grant element and a concessional loan to be presented next year

Finland will contribute EUR 68.4 million to the replenishment of the African Development Fund (AfDF), which is the concessional window of the African Development Bank Group. Finland is also preparing a loan of EUR 80 million for the AfDF. The AfDF supports the continent's poorest countries. More than 30 donor…

African Energy Chamber
Source: African Energy Chamber |

Nj Ayuk Makes Top 100 Most Influential Africans List

Described as an “energy broker”, the listing highlights Nj Ayuk’s voice in offering remedies for the continents’ resource curse and praises his best-seller on Amazon

Nj Ayuk, Executive Chairman of the African Energy Chamber (https://EnergyChamber.org/) and CEO of the Centurion Law Group, has been named as one of the top 100 most influential Africans in 2019 by NewAfrican Magazine. Providing a rapid review of some of the major events and developments across Africa, the Most…

Source: African Development Bank Group (AfDB) |

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

One of the highlights of this year’s conference was a session for young African entrepreneurs to share their work and ideas to shape the future of the continent

Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure –…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Angola set to attract even more foreign direct investment (FDI) in 2020

Angola Oil & Gas Conference & Exhibition returns to Talatona June 16-17, 2020

Africa Oil & Power supports Angola with year-long FDI campaign in 2020 to promote capital inflow into bankable projects; Angola Oil & Gas Conference & Exhibition (AngolaOilAndGas2020.com) returns to Talatona June 16-17, 2020; “Angola: African Investment Capital 2020” will capitalize further on the critical reforms passed by Angola President H.E. President João…

Source: Food and Agriculture Organization (FAO) |

World food prices jump in November

Meat and vegetable oils lead Food and Agriculture Organization (FAO) Food Price Index upwards, while cereal prices dip amid record output even as weather weighs in Africa

World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 177.2 points over…