Source: International Organization for Migration (IOM) |

New Cooperation Agreement among East, Horn of Africa States address Overseas Worker Exploitation

Representatives also agreed to form a Regional Ministerial Labour and Social Protection Forum, with a rotational chairmanship

The rescue last week of roughly 100 children and young Ugandan women here as they prepared to fly to United Arab Emirates to labour as domestic workers, reinforces the United Nations Office on Drugs and Crime’s (UNODC) recent assessment that human trafficking has become a menace in East Africa over…

Food and Agriculture Organization (FAO)
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    • Shilabo, Ogaden, Somali region - Ethiopia - A herd of camels is trying to find its way through an invasion of locust
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Source: Food and Agriculture Organization (FAO) |

Massive, border-spanning campaign needed to combat locust upsurge in East Africa

Ravenous swarms threaten entire East Africa subregion - Food and Agriculture Organization (FAO) scales up its emergency response

Desert Locust swarms in Ethiopia, Kenya and Somalia - already unprecedented in their size and destructive potential - could swell exponentially and spill over into more countries in East Africa if efforts to deal with the voracious pest are not massively scaled up across the region, FAO warned today. "This…

Source: World Tourism Organization (UNWTO) |

International Tourism Growth continues to outpace the Global Economy

Limited data available for Africa (+4%) points to continued strong results in North Africa (+9%) while arrivals in Sub-Saharan Africa grew slower in 2019 (+1.5%)

1.5 billion international tourist arrivals were recorded in 2019, globally. A 4% increase on the previous year which is also forecast for 2020, confirming tourism as a leading and resilient economic sector, especially in view of current uncertainties. By the same token, this calls for such growth to be managed…

Source: United Nations (UN) |

UN finds that prospects for economic growth in 2020 hinge on reducing trade disputes and uncertainty

Africa has experienced a decade of near stagnation in per capita GDP

Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019.  The world, however, could see a slight uptick in economic activity in 2020 if risks are kept at bay, according to the United Nations World Economic Situation and…

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…

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

Signing of the USD 10 Million Line of Financing Agreement and an Advisory Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Asia Alliance Bank (AAB), Uzbekistan

The USD 10 Million Shari’ah - compliant Line of Financing facility based on Wakala structure will be utilized by AAB to provide financial support to the private sector in Uzbekistan

The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org/), the private sector arm of the Islamic Development Bank Group (IsDBG), signed with Asia Alliance Bank (AAB) a USD 10 Million Line of Financing Agreement to support small and medium enterprises (SMEs) in Uzbekistan and an Advisory Agreement…

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

Islamic Finance Development Indicator (IFDI) 2019 witnesses shifting dynamics in Islamic finance

Developed markets continue to revise Islamic finance regulations and frameworks

Islamic finance assets grow 3 percent in 2018 to US$ 2.5 trillion; the Sukuk asset class continues strong growth, rising 10 percent in 2018 to US$ 470 billion; developed markets continue to revise Islamic finance regulations and frameworks; Islamic FinTech gained pace with the issuance of blockchain-based micro-Sukuk and a…

African Energy Chamber
Source: African Energy Chamber |

Making Our Own Luck: What Africa’s Future Liquefied Natural Gas (LNG) Producers Can Learn from Qatar in the Era of Billions At Play (By NJ Ayuk)

Qatar learned that it possessed truly huge reserves of natural gas in 1971, when Royal Dutch/Shell discovered the North Dome structure, also known as the North field

By NJ Ayuk As I got into the process of writing my recent book Billions At Play, The future of African Energy and doing deal, the story of Qatar intrigued me. Its success is contagious and African LNG producers can learn from this country. Qatar learned that it possessed truly…

Source: Committee to Protect Journalists (CPJ) |

Committee to Protect Journalists (CPJ) Safety Advisory: Journalist targets of Pegasus spyware

The spyware gives the attacker the ability to monitor, record, and collect existing and future data from the phone

Pegasus is a spyware created for mobile devices which transforms a cellphone into a mobile surveillance station. Researchers have documented it being used to spy on journalists. This raises significant implications for journalists’ own security and that of their sources. In 2018, Citizen Lab said it had detected Pegasus in over 45 countries.…

Source: International Organization for Migration (IOM) |

International Organization for Migration (IOM): USD 54 Million Needed to Assist 113,000 Vulnerable Migrants in Horn of Africa, Yemen

Approximately five per cent of all migrant arrivals into Yemen tracked by IOM in the first six months of 2019 are unaccompanied or separated children

An estimated 113,000 vulnerable migrants are in transit or stranded in Djibouti, Ethiopia, Somalia and Yemen in need of life-saving assistance, the International Organization for Migration (IOM) said today.  “Migrants undertaking these journeys do so in search of a better life for themselves and their families,” said Mohammed Abdiker, IOM’s Regional Director for the…