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Key Outcomes from Islamic Development Bank’s (IsDB) 14th Private Sector Forum in Azerbaijan 2026

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The Islamic Development Bank Group’s Private Sector Forum witnessed a wide turnout, with more than 1400 participants from 60 countries

The 14th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth

BAKU, Azerbaijan, June 20, 2026/APO Group/ –The Islamic Development Bank Group (IsDBG) (www.IsDB.org) affiliated institutions organized the 14th Private Sector Forum from June 16 to 19, 2026, at Baku Convention Center in Baku (Republic of Azerbaijan). The forum was convened on the sidelines of the Group’s annual meetings, under the high patronage of His Excellency Ilham Aliyev, President of the Republic of Azerbaijan.

 

The Islamic Development Bank Group’s Private Sector Forum witnessed a wide turnout, with more than 1400 participants from 60 countries. It featured active participation from the local, regional, and international private sectors. The program included 17 events and panel discussions, with the involvement of more than 70 speakers and 40 exhibitors.

For the fourth consecutive year, the forum presented the “Private Sector Award” to outstanding companies and financial institutions in recognition of their contributions to economic development, trade facilitation, investment, and risk management.

Additionally, the forum saw the signing of 32 agreements and memoranda of understanding, amounting to over $.4.7 billion. A startup competition was also held, with participation from more than 220 startups and business incubators. More than 250 bilateral meetings (B2B and B2G) were conducted to enhance trade, investment, and partnership relations among member countries.

The forum showcased the IsDB Group’s activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the Republic of Azerbaijan. The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group’s suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others.

The forum agenda featured a series of dialogue sessions and workshops addressing key economic themes and development projects. Participants also attended presentations on trade and investment opportunities.

The forum attracted high-level participation from Azerbaijan government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions.

In his opening remarks, His Excellency Dr. Mohammed Al Jasser, Chairman of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: “At the Islamic Development Bank Group, we firmly believe that the private sector is not a supporting actor in development, it is the lead actor. Our role is clear: to remove obstacles, reduce risks, and open doors. We will continue to stand as a committed partner, mobilizing finance, mitigating risk, and enabling trade and investment that drive inclusive, resilient, and sustainable growth”

Dr. Khaled Yousef Khalafallah, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that “the Private Sector Forum witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development.

He added, “Since its inception, ICIEC has provided cumulative insurance coverage exceeding USD 139 billion, including USD 108 billion to support trade flows and USD 31 billion to facilitate investment. Leveraging a robust global reinsurance network, the Corporation has mobilized significant cumulative reinsurance capacity from the private reinsurance market. Through transactions across vital sectors including agriculture, renewable energy, infrastructure, manufacturing, and healthcare, ICIEC continues to drive meaningful development impact across its Member States. Regarding the ICD, Dr. Khalid stated “Since its inception in 1999, the Islamic Corporation for the Development of the Private Sector (ICD) has played a pivotal role in fostering development, empowering businesses, promoting entrepreneurship, and supporting sustainable economic growth. Its diversified investments have had a tangible impact on communities by enabling transformative projects, facilitating partnerships, and building capacity. Since inception, the corporation has achieved USD7.1 billion in approvals and over USD 5.6 billion in disbursements. ICD interventions cover various sectors, including finance, infrastructure, agriculture, manufacturing, and energy, and it has investment operations in its member countries, underscoring the broad geographic and sectoral reach of ICD operations.”

On his part, Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated, “The 14th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business investors greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.

He added, “Since its launch in 2008, ITFC has extended over $96 billion USD in financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, $20 billion USD was allocated to enhance SMEs competitiveness – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets.”

For more information, please visit the event website (www.IsDBG-PSF.org).

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

 

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Century Group Joins African Energy Week (AEW) 2026 as Floating Production Storage and Offloading (FPSO) Partner, Showcasing Regional Offshore Expansion

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African Energy Chamber

The Nigerian FPSO operator will highlight its fleet capabilities, regional expansion plans and investment partnerships at African Energy Week 2026

JOHANNESBURG, South Africa, April 10, 2026/APO Group/ –Century Group has been confirmed as an Energy Infrastructure and FPSO Partner at African Energy Week (AEW) 2026 in Cape Town, reflecting its growing footprint as one of Nigeria’s leading indigenous offshore operators. The company’s participation underscores its expanding operational capacity, fleet strength and role in driving local content and infrastructure solutions across Africa.
 




 

Century Group’s operational strategy is evolving beyond traditional service provision toward asset ownership, infrastructure management and regional expansion. In October 2025, the company confirmed it is in ongoing discussions with South African partners about potential oil and gas infrastructure projects, highlighting its interest in deploying FPSO and midstream solutions into new regional markets.

This partnership highlights how African-led solutions are increasingly shaping the continent’s energy landscape

At AEW 2026, Century Group will showcase how indigenous operators can support offshore production stability, build local capacity and forge strategic investment partnerships. Its asset portfolio and regional collaborations reflect Nigeria’s evolving offshore landscape, where local operators are increasingly ensuring production continuity, reducing bottlenecks and connecting domestic output to export markets – capabilities central to discussions at AEW’s upstream and infrastructure sessions.

“At AEW 2026, Century Group will showcase not only its fleet capabilities but also its strategic vision for offshore infrastructure development,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “This partnership highlights how African-led solutions are increasingly shaping the continent’s energy landscape and how indigenous operators can bridge technical execution with regional growth opportunities.”

The company’s broader engagement in continental energy dialogues further underscores its strategic outlook. Century Group executives have advocated for deeper Africa‑Gulf partnerships, identifying Africa’s youthful demographics and growing energy demand as opportunities for joint investment and capability development in global energy markets.

These developments align with a wider shift in Nigeria’s energy ecosystem, where local capacity and policy reforms are boosting indigenous participation, enhancing competitiveness and unlocking private capital. Century Group’s trajectory – from managing FPSO/FSO infrastructure to cross-border expansion and strategic partnerships – reinforces its value as an FPSO partner for AEW and as a leader in Africa’s offshore energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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ES-KO Secures Five-Year Catering & Facilities Management Contract Renewal with TotalEnergies EP Congo

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The contract renewal has generated strong momentum, reinforcing alignment, confidence, and renewed energy as ES-KO moves forward into this next chapter alongside TotalEnergies EP Congo

POINTE-NOIRE, Congo (Republic of the), April 10, 2026/APO Group/ –In mid-March, ES-KO (www.ES-KO.com) marked an important milestone in Congo with the renewal of its catering and housekeeping contract with TotalEnergies EP Congo for an additional five years. Awarded following a full tendering process, the renewal affirms ES-KO’s competitiveness, reliability, and operational excellence.
 




 
Download Brochure: https://apo-opa.co/4spz8K0

During the on-site visit, Beatrice Falsetti, ES-KO Operations Manager, and Olivier Guigon, ES-KO Congo General Manager, met with TotalEnergies EP Congo representatives to officially launch this new phase of collaboration. Discussions focused on future priorities, including continuous operational improvement, service quality, and initiatives to further strengthen coordination across sites.

The visit also included a trip offshore to Likouf, one of TotalEnergies EP Congo’s key production sites. Located 75 km off the coast of the Republic of Congo, Likouf is a massive floating production unit (FPU), roughly the size of two football fields and weighing around 80,000 tonnes. Operating 24/7, it is a fully self-contained industrial and living environment.

Likouf is also notable for being the first fully electric FPU, designed to significantly reduce its environmental footprint. Its “all-electric” system provides the power required for operations while minimizing gas combustion, supporting more sustainable offshore production.

Operating in such a remote and high-tech environment presents unique logistical and operational challenges—from complex supply chain coordination to maintaining consistent service standards at sea. Personnel typically live on the platform for rotations of up to one month, making daily life onboard highly structured and repetitive. In this context, ES-KO’s catering and facilities management services play a key role in supporting well-being and morale, bringing comfort, variety, and moments of relief that help break the routine.

Back onshore, ES-KO management gathered at the office to share the news with in-house teams and personally congratulate them on their efforts and contribution to this achievement. The contract renewal has generated strong momentum, reinforcing alignment, confidence, and renewed energy as ES-KO moves forward into this next chapter alongside TotalEnergies EP Congo.

Earlier in February, ES-KO was awarded an HSSE Trophy by TotalEnergies EP Congo in recognition of its strong 2025 performance in health, safety, security, and environmental practices.

Distributed by APO Group on behalf of ES-KO.

 




 

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Ascott expands in Nairobi with new Citadines signing, reinforcing the city’s position as a regional hub

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Ascott

The signing reinforces Ascott’s commitment to expanding in high-potential urban markets and builds on its existing footprint in Kenya, where it currently operates Somerset Westview Nairobi, with additional properties in the pipeline

NAIROBI, Kenya, April 11, 2026/APO Group/ –The Ascott Limited (www.DiscoverASR.com), the wholly owned lodging business unit of Capital and Investment (CLI), has announced the signing of Citadines Westview Nairobi, a 160-key hotel located in the capital’s established Kilimani district. The new property will complement the existing 162-key Somerset Westview Nairobi serviced apartments, forming a strategic dual-brand offering that enhances Ascott’s ability to serve both short- and extended-stay demand across a broader range of traveller segments. Scheduled to open in the first quarter of 2028, Citadines Westview Nairobi is designed to cater to a growing mix of both corporate and leisure travellers as well as the meeting and conferences demand.

 




  

 

Reinforcing Nairobi’s Role as a Regional Business Hub
Nairobi continues to strengthen its position as a key regional business and investment hub, supported by growing corporate activity, infrastructure development and increasing international connectivity. This is driving sustained demand for high-quality, flexible accommodation that caters to both short-term and extended stays. The signing reinforces Ascott’s commitment to expanding in high-potential urban markets and builds on its existing footprint in Kenya, where it currently operates Somerset Westview Nairobi, with additional properties in the pipeline.

Nairobi is one of Africa’s most important commercial and lifestyle hubs, with strong fundamentals supporting continued growth in hospitality demand

Part of Ascott’s Broader Africa Growth Strategy
The Nairobi signing forms part of Ascott’s broader expansion across Africa, where the company has secured 10 signings over the past year. Once fully operational, these will expand its portfolio from two properties today to 23 properties with over 2,800 units across 10 cities in eight countries by 2028. In addition to Kenya, Ascott is growing its presence in key markets including Morocco, Nigeria and Ethiopia, where two properties are slated to open in Addis Ababa’s Bole district, further strengthening its footprint in East Africa.

Vincent Miccolis, Managing Director for Middle East, Africa and Türkiye, The Ascott Limited, said:
“Nairobi is one of Africa’s most important commercial and lifestyle hubs, with strong fundamentals supporting continued growth in hospitality demand. This signing reinforces our commitment to the Kenyan market and reflects our focus on expanding in cities where we see sustained demand from both business and leisure travellers. We are honoured to further strengthen our partnership with Britam on this development, bringing together strong institutional investment and Ascott’s global operating expertise. By introducing Citadines alongside Somerset, we are able to offer a broader range of accommodation options that cater to different guest segments, while maintaining the quality and flexibility that define our brands.”

Ambrose Dabani – CEO & Principal Officer Britam Holdings PLC, said: “This investment reflects our long-term confidence in Nairobi as a key economic and commercial hub in the region. We are focused on high-quality, resilient assets that deliver sustainable value over time. Partnering with Ascott allows us to combine strong real estate fundamentals with an experienced global operator, ensuring the development is well positioned to meet evolving demand for professionally managed accommodation in the market.”

Designed for Modern Urban Living
Citadines Westview Nairobi will offer a mix of well-balanced hotel rooms, studios and one-bedroom apartments, supported by a comprehensive range of amenities including food and beverage outlets, meeting and conferencing facilities, a swimming pool, and a fully equipped gymnasium. The F&B offering will complement the Somerset Westview Nairobi’s Jabu rooftop bar and La Mascotte restaurant, contributing to a more vibrant and integrated lifestyle destination within the development. Strategically located  adjacent to Somerset Westview Nairobi in the prime Kilimani district, the property offers seamless access to Nairobi’s key business hubs and lifestyle destinations, providing guests with the flexibility and convenience for a comfortable stay, whether travelling for business or leisure, on short or extended stays.

Distributed by APO Group on behalf of The Ascott Limited.

 

 




 

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