Africa

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…

ABIDJAN, Ivory Coast, June 17, 2026/APO Group/ — 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…

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