Category: Africa Newsroom

UN study: Digitization of Kenyan farmer payments helps tackle poverty

  • by NewsPR
  • 23 Days ago
A new case study (http://APO.af/v5Wxdm) by the United Nations-based Better Than Cash Alliance (www.BetterThanCash.org) shows how agriculture nonprofit organization One Acre Fund (www.OneAcreFund.org), in partnership with Citi Inclusive Finance (www.CitiInclusiveFinance.com), successfully digitized loan repayments for farmers in Kenya. This move significantly boosted transparency and efficiency, driving economic opportunity and financial inclusion for thousands of smallholder […]

IMF Staff Completes a Staff Visit to Guinea

  • by NewsPR
  • 25 Days ago
Economic activity in Guinea is rebounding, with signs pointing toward continued growth over 6 percent. Fiscal consolidation including increased revenues and reduced government spending have brought the basic budget deficit down to 0.7 percent of GDP in 2016. IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects. An […]

ICD cooperates with Azerbaijan National Academy of Sciences High Technologies Park to help SMEs

  • by NewsPR
  • 30 Days ago
The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and Azerbaijan National Academy of Sciences High Technologies Park (ANAS HTP) have entered into a Joint Strategic Collaboration to help provide financing to companies and SMEs interested in realizing investment projects in Azerbaijan. The CEO of […]

IMF Reaches Staff-Level Agreement on a Second Staff-Monitored Program with Somalia

  • by NewsPR
  • 1 month ago
IMF staff welcomes the authorities’ continued commitments to policy and reform implementation despite daunting challenges The Somali authorities and the IMF reach a staff-level agreement on the completion of the second and final review of the Staff-Monitored Program (SMP) and on a second SMP The IMF welcomes the authorities’ continued progress on currency reform An […]

Government Officials to Receive Training on Special Economic Zone in China

  • by NewsPR
  • 1 month ago
A group of 34 Special Economic Zones (SEZ) practitioners and supporting sector specialists from the Department of Trade and Industry (the dti), provincial departments and agencies responsible for the implementation of the SEZ Programme depart for Tianjin, China tomorrow to attend the fourth Capacity Building Programme on the SEZ taking place from 24 May–13 June […]

IMF Staff Completes 2017 Article IV Visit to South Africa

  • by NewsPR
  • 1 month ago
South Africa’s rate of real GDP growth is projected at 1 percent in 2017 thanks to a resumption of solid agricultural production as the drought abates, and an increase in mining output prompted by a moderate rebound in the prices of South Africa’s commodity exports. Headline inflation is expected to return below 6 percent in […]

ICD, the private sector arm of the Islamic Development Bank Group (“IDB”) cooperates with Coris Bank International to launch Islamic windows

  • by NewsPR
  • 1 month ago
The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and Coris Bank International have entered into a Joint Strategic Collaboration to establish Islamic window. The CEO of ICD, Mr. Khaled Al Aboodi and Mr. Idrissa Nassa, CEO and Chairman of Coris Bank International signed the […]

Power Africa Launches New Initiative at African Utility Week

  • by NewsPR
  • 1 month ago
Power Africa announced the launch of its Southern African Energy Program this week in Cape Town, South Africa. This announcement came as representatives from Power Africa, a U.S. government-led initiative, and the U.S. Mission in South Africa participated in African Utility Week and the Gas to Power World Congress. The USAID-funded Southern African Energy Program […]

ICD and FINOKO signed a MoU to cooperate in the establishment of the Islamic Microfinance Window

  • by NewsPR
  • 1 month ago
The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and FINOKO have entered into a Joint Strategic Collaboration to establish an Islamic Microfinance Window. The CEO of ICD, Mr. Khaled Al Aboodi and Mr. Turan Ismayilov the Chief Executive Officer of FINOKO sign the Agreement […]

ICD Signs MOU with the City Bank Limited to Strengthen Collaboration

  • by NewsPR
  • 1 month ago
On May 18, 2017, the Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of Islamic Development Bank (IDB) Group signed a Memorandum of Understanding with City Bank, Bangladesh in order to strengthen collaboration for fostering private sector development in the country. The signing ceremony was held at the […]
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