Islamic Corporation for the Development of the Private Sector (ICD) and SOCAR Sign Memorandum of Understanding (MOU) to Advance Shariah-Compliant Public-Private Partnership (PPP) Financing in Azerbaijan and ICD Member Countries
ICD and SOCAR signed an MOU on 17 June 2026 in Baku after the opening of the Private Sector Forum during IsDB Group Annual Meeting. The MOU sets a framework to explore Shariah-compliant, limited-recourse PPP financing for projects in Azerbaijan and other ICD member states. The Cooperation targets infrastructure and energy projects in Azerbaijan and […]
Islamic Corporation for the Development of the Private Sector (ICD) Signs Mandate Letter with Azerconnect Group for a USD 20 Million Shariah-Compliant Financing to Advance Telecom Infrastructure in Azerbaijan
ICD and Azerconnect Group signed a mandate letter on 17 June 2026 in Baku, Azerbaijan during the opening of the Private Sector Forum in IsDB Group Annual Meetings. The USD 20 million long-term Shariah-compliant financing facility will be used to part-finance Azerconnect Group’s capital expenditure program The ICD’s facility is expected to promote the creation […]
Islamic Corporation for the Development of the Private Sector (ICD) Signs USD 15 Million Shariah-Compliant Small and Medium Enterprises (SME) Financing Deal with TuranBank
ICD and TuranBank signed an Expression of Intent for a proposed USD 15 million Shariah-compliant Line of Finance in Azerbaijan. The financing will support onward lending to private sector projects, focusing on SME development. The signing took place on 17 June 2026 in Baku, on the sidelines of the IsDB Annual Meeting Private Sector Forum. […]
Ivory Coast and African Energy Chamber (AEC) Advance Discussions on Upstream Expansion, Drilling Campaigns and Africa Energy Bank Progress
The African Energy Chamber (AEC) (https://EnergyChamber.org/) held high-level discussions on Tuesday in Abidjan with Mamadou Sangafowa Coulibaly, Minister of Mines, Petroleum and Energy, focused on accelerating upstream development, expanding investment inflows and strengthening institutional frameworks supporting the country’s long-term energy growth. The meeting took place as Ivory Coast continues to consolidate its position as one […]
Africa Finance Corporation and Leading Italian Institutions Sign Strategic Cooperation Agreements at AFC-Italy Forum to Mobilise Capital and Accelerate Industrial Development Across Africa
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today signed a series of strategic cooperation agreements with leading Italian partners at the AFC–Italy Business Forum in Rome, marking a significant step in translating Italy–Africa cooperation into bankable projects, scalable financing solutions and long-term industrial partnerships across Africa. The forum brought together senior […]
Under Mission 300, A New Way of Doing Business Connects Over 50 Million People to Electricity Across Africa
Mission 300 is now delivering electricity access at nearly double the pace recorded at the initiative’s launch — proof that coordinated action can drive large-scale change Washington, USA, 17 June 2026 -/African Media Agency (AMA)/- The World Bank Group and the African Development Bank Group announced today that Mission 300 has connected over 50 million […]
