Finance

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Insurance arm of the Islamic Development Bank (IsDB) Group, received a prestigious global award from the Global Brand Magazine as the “Leading Digital Economic Transformation Initiative“ for its groundbreaking initiative for establishing OIC Business Intelligence Center (OBIC). …

  The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group and a leading Shariah-compliant multilateral insurer, has signed a Memorandum of Understanding (MoU) with the State Assets Management Agency of the Republic of Uzbekistan (UzSAMA). The MoU, virtually …

SWIFT recently  announced that it will enable financial institutions to connect to its network and applications through public cloud providers Amazon Web Services, Google Cloud and Microsoft – a move that will streamline access to the world’s leading financial messaging service to enable innovation while ensuring robust resiliency and security. …

MPOWER Financing the leading provider of education loans to high-promise students around the world, today announced that it has raised an equity investment of US$100 million. The funding underscores investors’ confidence in MPOWER’s position as the leading lender for students aspiring to study abroad. Founded in 2014 by Emmanuel (Manu) …

Rural businesses, which are so vital for transforming our food systems, will get a much-needed boost from an ambitious new financing program launched today by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest …

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated …

  By GLADYS JOHNSON Export-Import Bank of China (CEXIM) released loan to Africa Finance Corporation (AFC) the leading infrastructure development finance institution in Africa. AFC announced its successful acquisition of the loan facility from CEXIM of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose. …

   Topics such as network infrastructure business models, B2B and B2C convergence, M&A, digital transformation and partnerships, are among the key topics to be debated at TMT Finance Africa 2018  Accelerating digital transformation strategies, investing in new wireless and fixed network infrastructure, and embracing emerging technologies such as AI and …

Moody’s Investors Service announced it has assigned a first-time long-term issuer rating of A1 and short-term issuer rating of P-1 to the International Islamic Trade Finance Corporation (ITFC) a member of the Islamic Development Bank Group (IsDB) The outlook on the rating is stable, according to Moody’s press release dated …

  A number of high level participants from both government and the private sector are expected to attend, including the Presidents of Nigeria, Ghana and Uganda Leading global law firm, Hogan Lovells , will be the headline legal sponsor at AFC Live , the key industry infrastructure investment summit hosted by …