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Islamic Development Bank Institute (IsDBI) and Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) Celebrate Graduation of First Cohort of Entrepreneurial Mindset Development Program

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IsDBI

Twenty-nine entrepreneurs from 20 IsDB Member Countries successfully completed the program, which included online learning modules as well as rigorous in-person training delivered by MBSC faculty and IsDBI experts

JEDDAH, Saudi Arabia, December 14, 2025/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) and Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) celebrated the graduation of the first cohort of the Entrepreneurial Mindset Development Program, a flagship joint initiative designed to nurture entrepreneurial leaders across IsDB Member Countries.

 

The ceremony took place on 11 December 2025 at the IsDB Headquarters in Jeddah, under the auspices of H.E. Dr. Muhammad Al Jasser, President of the IsDB. It brought together senior officials, faculty members, program sponsors, distinguished guests, and IsDB Group staff.

Twenty-nine entrepreneurs from 20 IsDB Member Countries successfully completed the program, which included online learning modules as well as rigorous in-person training delivered by MBSC faculty and IsDBI experts.

Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), represented the IsDB President during the ceremony. In his speech, Eng. Al-Aama commended the participants for their dedication and highlighted the strategic importance of supporting young entrepreneurs in driving sustainable development, job creation, and innovation.

The Entrepreneurial Mindset Development Program was implemented with sponsorship from three IsDB Group entities, namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), and ITFC.

In a speech on behalf of the sponsors, Dr. Khalid Khalafalla, CEO of ICIEC and Acting CEO of ICD, noted that the sponsorship by the three entities reflects their shared commitment to supporting entrepreneurship as a driver of private-sector growth and social impact.

Earlier, in his welcome address, Dr. Sami Al-Suwailem, Acting Director General of the IsDB Institute, emphasized the Institute’s long-term vision of nurturing entrepreneurial capabilities as a catalyst for development and economic resilience across Member Countries. He noted that the strong partnership between the IsDB Institute and MBSC stands as a model of effective collaboration, combining academic excellence with development impact to serve the needs of Member Countries.

Dr. Zeger Degraeve, Executive Dean of MBSC, commended the graduates for their high engagement, intellectual curiosity, and determination. He reaffirmed MBSC’s commitment to equipping emerging leaders with world-class entrepreneurial capabilities rooted in rigorous academic standards and practical skills.

The ceremony also featured remarks from Graduate Representatives, Ms. Ahd Abu Alrob and Mr. Nurgozha Kaliaskarov, who shared their reflections on the program’s potential transformative impact and highlighted the diversity and collective strength of the cohort.

The event concluded with a Faculty Perspective delivered by Dr. Muhammad Azam Roomi, Program Director and Professor at MBSC, who praised the participants’ resilience and entrepreneurial mindset. He emphasized that the program’s success reflects not only the curriculum but also the collaborative spirit between MBSC, IsDBI, and the IsDB Group entities.

Throughout the program, participants received advanced training in entrepreneurial strategy, innovation, leadership, negotiation, business modeling, and financial management. They also benefited from mentorship, team-based exercises, and practical assignments designed to strengthen real-world decision-making and problem-solving skills.

The graduation ceremony also highlighted the formation by the cohort of a joint entrepreneurial alliance, initiated by the participants, to foster long-term collaboration, knowledge sharing, and partnerships. Additionally, participants will apply their expertise in social impact measurement to evaluate the program’s effect on entrepreneurial ventures across Member Countries.

The IsDB Institute and MBSC reaffirmed their commitment to strengthen their strategic partnership and expand future cohorts of the Entrepreneurial Mindset Development Program, thereby advancing their joint mission to empower entrepreneurs and foster innovation-led, sustainable development.

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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