Connect with us
Anglostratits

Business

Islamic Development Bank Institute (IsDBI) Meets Key Indonesian Institutions to Bolster Partnerships for Development

Published

on

IsDBI

The meeting highlighted IsDBI’s Sukuk Development Program (SDP), which aims to enhance the role of sukuk in supporting development in IsDB Member Countries

JEDDAH, Kingdom of Saudi Arabia, November 2, 2023/APO Group/ — 

A delegation from the Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) held separate meetings with four major public institutions in Indonesia to strengthen partnerships in various areas of mutual interest.

The meetings with the Financial Services Authority (OJK), PT Sarana Multi Infrastructure, Bank Indonesia, and Nusantara Capital City Authority, were part of the Institute’s series of engagements in Indonesia that included participation in the 10th Indonesia Sharia Economic Festival (ISEF) held in Jakarta from 25-29 October 2023.

The IsDBI team comprised Dr. Sami Al-Suwailem, the Acting Director General, and Dr. Hylmun Izhar, a Senior Economist.

OJK Chairman, Mr. Mahendra Siregar, hosted the IsDBI team on 24 October 2023 at the OJK headquarters for discussions focusing on the Islamic finance ecosystem.

The meeting highlighted IsDBI’s Sukuk Development Program (SDP), which aims to enhance the role of sukuk in supporting development in IsDB Member Countries. The program focuses on three main components, namely Sukuk Enhancement Fund (SEF), Sovereign Finance Corporation (SFC), and Cash Waqf Linked Sukuk (CWLS).

Boosting Development Financing

At PT Sarana Multi Infrastructure (SMI) headquarters in Jakarta, the President Director, Mr. Edwin Syahruzad, welcomed the IsDBI team on 24 October 2023 to discuss development financing using Islamic instruments.

The SMI, a ‘special mission vehicle’ under the Indonesian Ministry of Finance, is engaged in development and infrastructure financing

The SMI, a ‘special mission vehicle’ under the Indonesian Ministry of Finance, is engaged in development and infrastructure financing. Among other functions, it serves as the activator in fostering social, economic, and environmental growth in Indonesia through various financial development services.

Dr. Sami Al-Suwailem expressed the Institute’s commitment to working with PT SMI to enhance its capacity to mobilize resources and support local governments. This includes providing technical assistance to strengthen PT SMI’s capacity, expertise, and knowledge in Islamic finance and Shariah-compliant financing instruments.

Digital Platform for Social Finance

On the sidelines of the ISEF on Wednesday, 25 October 2023, the team had a meeting with H.E. Dr. Perry Warjiyo, Governor of Bank Indonesia, to explore potential areas of collaboration.

Dr. Warjiyo proposed the development of a nationwide Integrated Digital Platform for ZISWAF (Zakat, Infaq, and Awqaf) for inclusive and sustainable development for Indonesia. It was agreed that teams from the two institutions would work closely to prepare an action plan to realize this goal.

Indonesia’s New Capital City

On 27 October 2023, Dr. Bambang Susantono, Chairman of IKN, welcomed the IsDBI team to the Nusantara Capital City Authority (Otorita Ibu Kota Nusantara, IKN), the agency responsible for the future capital of Indonesia.

Dr. Susantono expressed Nusantara’s ambitions to be a sustainable forest city and smart city that would deliver enhanced productivity and quality of life. He said IsDBI has a considerable role to play as a partner to IKN in building Nusantara as a livable and lovable city.

Dr. Sami Al-Suwailem reaffirmed the Institute’s keenness to contribute to realizing IKN’s goals, which align with the IsDBI commitment to addressing development challenges in IsDB member countries.

He highlighted the importance of tapping into social finance and mainstreaming it with capital markets to mobilize resources for the Nusantara project. To this end, a potential launch of awqaf-linked strategic initiative and series of workshops on sukuk, e-commerce and SMEs, and awqaf were identified as the next steps.

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

Events

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

 

Continue Reading

Business

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

Published

on

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).

Continue Reading

Trending