Africa

BAKU, Azerbaijan, June 17, 2026/APO Group/ — ICD and ABDF signed an agreement to launch a Shariah-compliant SME financing program of up to AZN 200 million in Azerbaijan. The program introduces local currency (AZN) financing for the first time, protecting SMEs from currency risk by blending ABDF’s AZN funds with ICD’s multi-currency resources. Financing via…

CAPE TOWN, South Africa, June 17, 2026/APO Group/ — Minister of Mining of the Republic of South Sudan, Losuba Ludoru Wongo, has confirmed his participation as a speaker at African Mining Week (AMW) 2026 – Africa’s premier mining event – taking place from October 14–16 in Cape Town. His participation comes as South Sudan intensifies…

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 The transaction advances ICD’s mandate to foster private sector growth through Islamic finance, while generating employment and tangible telecom infrastructure improvements across Azerbaijan BAKU, Azerbaijan, June…

BAKU, Azerbaijan, June 17, 2026/APO Group/ — 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…

ROME, Italy, June 17, 2026/APO Group/ — 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…