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African Development Bank Group (AfDB)

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    • Support from the African Development Bank will enable NMB Bank to support SMEs and local businesses, including those owned by women
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Source: African Development Bank Group (AfDB) |

African Development Bank approves USD 15 million Trade Finance Transaction Guarantee Facility for NMB Bank to support Small and Medium-sized Enterprises (SMEs) and local corporates in Zimbabwe

It will also increase access to finance and support intra-Africa trade between Zimbabwe, SADC, and the rest of Africa

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on Thursday, 30 November 2023 approved a USD 15 million Trade Finance Transaction Guarantee facility for NMB Bank in Zimbabwe. This is AfDB’s first project with NMB, a registered commercial bank with strong SME credentials. This facility will provide…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Extends US$ 40 million with Vakif Katilim Bank and Ziraat Katilim Bank and to Support the Private Sector in Türkiye
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Extends US$ 40 million with Vakif Katilim Bank and Ziraat Katilim Bank and to Support the Private Sector in Türkiye

The collaboration aims to bolster the growth of the private sector and SMEs in Türkiye through the provision of Sharia-compliant Murabaha financing

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, announce the signing of two significant Murabaha Financing Agreements with Vakif Katilim Bank and Ziraat Katilim Bank, valued at USD 20 million each. The agreements were formalized during the visit of Eng. Hani Salem…

Islamic Development Bank Group (IsDB Group)

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    • Arab Coordination Group allocation of US$10 billion to support energy transition
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Source: Islamic Development Bank Group (IsDB Group) |

Arab Coordination Group allocation of US$10 billion to support energy transition

Abu Dhabi Fund for Development hosts the 91st ACG meeting on the sidelines of COP28

The Arab Coordination Group (ACG), a strategic alliance comprising regional and international development institutions, announced today at COP28) an allocation of US$10 billion until 2030. This funding is meant to drive a comprehensive and affordable transition to renewable energy in developing countries. The commitment is an integral part of a…

EnergyNet Ltd.

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    • Tanzania and the East African Community (EAC) at the centre of regional transmission expansion: Tanzania Energy Cooperation Summit 2024 (1)
    • The Hon. January Yusuf Makamba, former Minister of Energy, speaking at TECS23 in February
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Source: EnergyNet Ltd. |

Tanzania and the East African Community (EAC) at the centre of regional transmission expansion: Tanzania Energy Cooperation Summit 2024

Confirmed as one of the most stable and important investment destinations on the continent, Tanzania prepares to host the fifth annual Tanzania Energy Cooperation Summit (TECS) from 31 January to 1 February 2024 in Arusha, home of the East African Community (EAC)

Investors from across industry, finance and government are convening to showcase Tanzania’s potential. Potential that is epitomised by a country now ranked third in sub-Saharan Africa for future investment, that is expected to see 6% GDP growth by 2025, and that has seen hundreds of millions, if not billions, of…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Launches Bespoke Climate Change Policy & Environmental, Social, and Governance (ESG) Framework at Conference of the Parties (COP 28) (1)
    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Launches Bespoke Climate Change Policy & Environmental, Social, and Governance (ESG) Framework at Conference of the Parties (COP 28) (2)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Launches Bespoke Climate Change Policy & Environmental, Social, and Governance (ESG) Framework at Conference of the Parties (COP 28)

The framework emphasizes embedding ESG principles to ICIEC's operations, developing ESG-centric products and services, incorporating ESG imperatives into risk assessment and underwriting

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a multilateral credit and political risk insurer and a member of the IsDB Group, proudly announces the unveiling of its Climate Change Policy and Environmental, Social, and Governance (ESG) Framework during COP28. The momentous launch was graced…

Afreximbank
Source: Afreximbank |

Intra-African Trade Fair (IATF2023) exceeds targets with recorded deals worth up to US$43.8 billion

130 countries participated in the trade fair, which attracted 1,939 exhibitors and 28,282 participants who attended physically and through the IATF virtual platform

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) announces that the third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion of business deals and transactions valued at US$43.8 billion. In final tallies released in Cairo, the organisers of the continental event said that the amount represented…

Economic Community of West African States (ECOWAS)
Source: Economic Community of West African States (ECOWAS) |

Economic Community of West African States (ECOWAS) Trade Officials validate Regional Instruments to promote Trade and Investment

The ECOWAS Trade Official meeting was attended by senior Trade Officials from the Ministry responsible for Trade in the Member States and representatives of the ECOWAS and UEMOA Commissions

The ECOWAS Commission organized a Regional Meeting of Trade Officials in Abuja, Nigeria from the 28th to the 29th of November 2023 with the overall objective of considering to key trade issues to boost intra-regional trade, as well as West Africa’s participation in international trade. Welcoming the officials to the…

African Newspage

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    • The 8th Pan African Forum on Migration (PAFoM-8): Bolstering Free Movement – Free Trade Nexus in African Continental Free Trade Area (AfCFTA)
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Source: African Newspage |

The 8th Pan African Forum on Migration (PAFoM-8): Bolstering Free Movement – Free Trade Nexus in African Continental Free Trade Area (AfCFTA)

The PAFoM-8 communique called on Member States to improve the migration regulatory environment so as to facilitate free movement in its full scope

The 8th Pan African Forum on Migration (PAFoM-8) themed “Bolstering Free Movement and Trade Nexus in AfCFTA: Optimizing Benefits of Migration, Human Mobility and Development”, was held in Gaborone, Botswana recently. The Forum was hosted by the African Union in collaboration with the Government of Botswana, the International Organization for…

Bureau Veritas

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    • Bureau Veritas - Watch the Recap Video
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    • Mr. Bertrand Martin, Senior Vice-President for Bureau Veritas Africa and Chairman of the Testing, Inspections and Certifications (TIC) Council for Africa
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Source: Bureau Veritas |

Driving food security with appropriate conformity and compliance standards across Africa and beyond

Supporting agriculture on the continent using state-of-the-art testing methods and new technologies: enabling drones and satellites to map fertility, increase production and optimize fertilizers and pesticides

Bureau Veritas (https://apo-opa.co/47xOR07), a world leader in testing, inspection, and certification services and with a large global and African footprint of some 35 countries, proudly shared expertise in support of agricultural productivity and export trade at the Intra-Africa Trade Fair (IATF) in Egypt which ran from on 9th to 15th November.…

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

The African Development Bank launches research project on grain quality grading and certification in Ghana

The project examines whether the proper grading and certification of grains in sub-Saharan African countries could be leveraged to promote investments in grain quality enhancement

The African Development Bank (www.afdb.org/) has launched a three-year research and outreach initiative in Ghana to enhance the cereal value chain development in the country. The Grain Quality Grading and Certification Project is being implemented by the Microeconomics, Institutional and Development Impact Division of the African Development Bank, in partnership…