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Islamic Development Bank Institute’s (IsDBI) Board of Trustees Holds its 11th Meeting

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IsDBI

The 11th Board of Trustees meeting was the first to be held in person since 2019

JEDDAH, Kingdom of Saudi Arabia, December 18, 2022/APO Group/ — 

The Board of Trustees of the Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) held its 11th Meeting on 12 December 2022, at the IsDB Headquarters in Jeddah.

The Board, chaired by IsDB Group Chairman, H.E. Dr. Muhammad Al Jasser, discussed the Institute’s medium-term work program for 2023-25, aimed at maximizing impact by prioritizing areas where the Institute has a comparative advantage.

The 11th Board of Trustees meeting was the first to be held in person since 2019, with the last two meetings in 2020 and 2021 held virtually due to the COVID-19 pandemic.

In his opening remarks, H.E. Dr. Al Jasser first welcomed the new Trustees, inviting them to guide the deliberations of the Board with their experience and wisdom.

He then observed that as the effects of the pandemic linger, IsDB member countries continue to face new challenges, including geopolitical conflicts and climate crises, that hinder their socio-economic progress. In response, the IsDB Group has been implementing major initiatives to support member countries achieve sustainable economic recovery. In particular, IsDB has adopted a strategy focused on three objectives: (i) boosting recovery; (ii) tackling poverty and building resilience; and (iii) driving green economic growth.

“The IsDB Institute, as the knowledge beacon of the IsDB Group, has a critical role to play in providing the soft-skills knowledge as prerequisites to achieving the Bank’s strategic objectives over the next three years. The Institute’s role is paramount in providing evidence-based decision-making and in unleashing the potential of Islamic finance as an efficient tool to achieve economic and social development,” Dr. Al Jasser stated.

The Board members thanked H.E. the Chairman for the opportunity given to them to serve on the new board. They also noted that the Institute’s medium-term work program sufficiently focused on key priorities that would help in confronting the challenges of the member countries.

In his remarks, Dr. Sami Al-Suwailem, Acting Director General of IsDBI and IsDB Group Chief Economist, thanked H.E. Dr. Al Jasser and the Board members for providing inspirational leadership to the Institute.

The Institute’s role is paramount in providing evidence-based decision-making and in unleashing the potential of Islamic finance

In a brief on the Institute’s medium-term work program, Dr. Al-Suwailem explained that the focus is on priority projects based on added value and sustainability; quality over quantity; strategic initiatives; and leveraging partnerships to maximize impact. He added that the Institute would look forward to having active engagement with the Board members in implementing its initiatives.

The newly reconstituted Board of Trustees comprises eminent personalities from various professional backgrounds in both the public and private sectors, namely:

  • Hon. Abdulghafar Agil Al-Awadhi

IsDB Executive Director, and Assistant Undersecretary for Financial Accounting Affairs, Ministry of Finance, Kuwait

  • Hon. Dr. Kazim Niaz

IsDB Executive Director, and Secretary of the Ministry of Economic Affairs, Pakistan

  • Hon. Malick Ba

IsDB Executive Director, and Technical Adviser in the Ministry of Economy, Planning, and Cooperation, Senegal

  • Hon. Khalid Hamad Abdulrahman Hamad

Executive Director of Banking Supervision, Central Bank of Bahrain

  • Hon. Dr. Abdallah Souleymane

Senior Advisor, Arab Fund for Economic and Social Development (AFESD)

  • Hon. Dr. Bambang Susantono

Chairman, Indonesia’s New Capital City Authority

  • Hon. Dr. Mohamad Hammour

Chairman & Managing Director, Guidance Financial Group, Riyadh, KSA

  • Hon. Dr. Sabina Alkire

Director, Oxford Poverty and Human Development Initiative (OPHI), UK

  • Hon. Rami Alkarmi

Founder and Chief Futurist & Disruptor at Abnewnormal.ai Venture Studio

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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