Emaswati to Benefit as FirstRand Lists Substantial Shares of First National Bank (FNB) Eswatini
Emaswati get to own 24.99% of FNB Eswatini (www.FNBSwaziland.co.sz) through the sale of shares by the FirstRand Group. The listing of FNB Eswatini on the Eswatini Stock Exchange shows strong support for the local capital market and the potential for Emaswati to continue developing the Eswatini economy. The Group has decided to sell shares to […]
Sahel: Major European Union (EU) funding to World Food Programme (WFP) helps crisis-affected people during hunger crisis
With a Euro 48.5 million contribution from the European Union (EU) received through its Humanitarian Aid department (ECHO), WFP was able to respond to the severe food crisis in eight countries of West and Central Africa during the 2023 hunger gap and beyond. Food insecurity has reached a 10-year high in West and Central Africa […]
Special Representative of the Secretary General (SRSG) Simao Dialogues with Young People on the 8th Anniversary of United Nations (UN) Security Council Resolution 2250 (2015) On Youth, Peace and Security
On December 4, 2023, the Special Representative of the United Nations Secretary-General for West Africa and the Sahel, Mr. Leonardo Santos Simão, engaged in a regional dialogue with young women and men from West African and Sahelian countries to mark the commemoration of the 8th anniversary of United Nations Security Council Resolution 2250 (2015) on […]
Scaling up country support for neglected tropical diseases (NTD) eradication
In 2021, the World Health Organization (WHO) unveiled the neglected tropical diseases (NTD) roadmap 2021-2030, initiating a decade dedicated on controlling, eliminating, and eradicating NTDs. The WHO Regional Office for Africa is stepping up support for countries on the implementation of the roadmap to bolster the fight against NTDs and accelerate progress towards attainment of […]
Official squads unveiled for the FIFA Club World Cup Saudi Arabia 2023™
The squad lists for the FIFA Club World Cup (www.FIFA.com) Saudi Arabia 2023™ have been released; Tournament set to kick off in Jeddah on 12 December. The seven contenders for the FIFA Club World Cup Saudi Arabia 2023™ have named their 23-man squads for the tournament. The tournament is set to kick off on 12 December with […]
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
The Board of Directors of the African Development Bank Group (https://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 100% guarantee to international confirming […]
Islamic Development Bank Institute Joins Partners to Explore Global Standards for Central Bank Digital Currency
The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) participated as a knowledge partner in a conference titled ‘“Exploring Central Bank Digital Currency: Pathways to Global Standards”’ held on 28-29 November 2023 in Virginia, United States. The conference was the first-of-its-kind gathering of international financial policymakers and provided a platform for the launch of new research on […]
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 International Islamic Trade Finance Corporation (ITFC) (https://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 Sonbol, CEO of ITFC, to […]
The Islamic Corporation for the Insurance of Investment and Export Credits (ICIEC) and Standard Chartered Partner for a Transformative Solar Electrification Project in Senegal
At the COP 28 event in the United Arab Emirates, a significant partnership was forged through the signing of a Non-Honoring of Sovereign Financial Obligation (NHSFO) agreement between The Islamic Corporation for the Insurance of Investment and Export Credits (ICIEC) (https://ICIEC.IsDB.org), a multilateral credit and political risk insurer and a member of the IsDB Group […]
Administrator Samantha Power And Special Envoy Kerry Announce New United States Agency for International Development (USAID), Private Sector Commitments to Mobilize Finance for Climate Adaptation Under the President’s Emergency Plan for Adaptation and Resilience (PREPARE)
USAID Administrator Samantha Power and Special Presidential Envoy for Climate (SPEC) John Kerry announced today that 21 new companies have committed to invest in climate adaptation as part of the Call to Action to the Private Sector under the President’s Emergency Plan for Adaptation and Resilience (PREPARE). Their efforts, in support of the objectives of […]
