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Merck Foundation calls for action together with 13 African First Ladies to Build Healthcare Capacity

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More than 10,000 participants attended the hybrid Luminary – onsite and online

DUBAI, United Arab Emirates, November 29, 2022/APO Group/ — 

Prof. Dr. Frank Stangenberg-Haverkamp, Senator Dr. Rasha Kelej and African First Ladies of Botswana, Burundi, Democratic Republic of Congo, The Gambia,  Ghana, Liberia, Malawi, Mozambique, Namibia, Sierra Leone, Angola and Central Africa Inaugurate 9th Edition of Merck Foundation (www.Merck-Foundation.com) Africa Asia Luminary 2022; African First Ladies marked together the 5th Anniversary of Merck Foundation and 10 year journey of their development programs  by sharing the impact of their partnership programs with Merck Foundation to build healthcare capacity, support girl education and break infertility stigma; More than 10,000 participants including healthcare providers, policymakers, researchers, academia and media representatives from 70 English, French, Spanish and Portuguese speaking countries attended the hybrid Luminary – onsite and online to benefit from scientific and social sessions to address social issues and advance healthcare capacity in 32 critical and underserved medical specialties.

Merck Foundation reported the impact of providing 1470 scholarships to doctors from 50 countries in 32 critical and underserved specialties such as; Oncology, Diabetes, Cardiovascular Preventive, Endocrinology, Fertility, Embryology, Reproductive Care, Respiratory Care, Acute and Intensive Care, Neonatal Care, Pediatric Emergency, Advanced Surgery, Microbiology & Infectious Diseases, Internal Medicine, Ophthalmology, Psychiatry, Palliative Care and Pain Management and more; Link to the Facebook live steam of Inaugural Session of Merck Foundation Africa Asia Luminary & African First Ladies High Level Panel: http://bit.ly/3XE4EWp

Merck Foundation, the philanthropic arm of Merck KGaA Germany, conducted their annual conference, the 9th Edition of “Merck Foundation Africa Asia Luminary” on 15th & 16th November 2022, as a hybrid conference (onsite and online). The conference was inaugurated by Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of both of Executive Board of E.Merck KG and Merck Foundation Board of Trustees, and Senator, Dr. Rasha Kelej, CEO of Merck Foundation and Chairperson of Merck Foundation Africa Asia Luminary, along with African First Ladies of 13 Countries;

  • H.E. Mrs. NEO JANE MASISI, The First Lady of the Republic of Botswana
  • H.E. Madam ANGELINE NDAYISHIMIYE, The First Lady of the Republic of Burundi
  • H.E. Madam DENISE NYAKERU TSHISEKEDI, The First Lady of the Democratic Republic of The Congo
  • H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of the Republic of The Gambia
  • H.E. Mrs. REBECCA AKUFO-ADDO, The First Lady of the Republic of Ghana
  • H.E. Mrs. CLAR MARIE WEAH, The First Lady of the Republic of Liberia
  • H.E. Mrs. MONICA CHAKWERA, The First Lady of the Republic of Malawi
  • H.E. Mrs. ISAURA FERRÃO NYUSI, The First Lady of the Republic of Mozambique
  • H.E. Mrs. MONICA GEINGOS, The First Lady of the Republic of Namibia
  • H.E. Dr. FATIMA MAADA BIO, The First Lady of the Republic of Sierra Leone
  • H.E. Mrs. MUTINTA HICHILEMA, The First Lady of the Republic of Zambia
  • H.E. Dr. ANA DIAS LOURENÇO, The First Lady of the Republic of Angola
  • H.E. Madam BRIGITTE TOUADERA, The First Lady of Central Africa

Merck Foundation CEO, Senator, Dr. Rasha Kelej emphasized, “I am very proud to welcome my dear sisters, our Guests of Honor and Keynote Speakersthe First Ladies of 13 African Countrieswho are also the Ambassadors of Merck Foundation “More Than a Mother”. We are together celebrating the 5th Anniversary of Merck Foundation and 10th Anniversary of our programs since 2012 which aim to build healthcare & media capacity and raise awareness on a wide range of sensitive and critical social and health issues like Supporting Girl Education, Ending Child Marriage, Stopping GBV, Breaking Infertility Stigma, Ending FGM, Women Empowerment, and Diabetes Awareness.

“I am proud that Merck Foundation has provided till today, more than 1470 scholarships to young doctors from 50 countries in 32 critical and underserved specialties. This is a great milestone of transforming patient care landscape and leading Africa to a better, healthier and stronger future. I am happy to hear from my dear sisters their experiences and success stories  in their respective countries, together we will be an important part of Africa’s legacy.” added Senator Kelej.

H.E. Mrs. NEO JANE MASISIThe First Lady of Botswana & Ambassador of Merck Foundation More Than A Mother said, ”Our partnership with Merck Foundation started in 2018 and since then, we have achieved very important milestones . Together with Merck Foundation, we launched a Poster Contest on “Stop GBV” initiative to end Gender-Based Violence in Botswana and Merck Foundation provided 20 Sewing Machines to the women groups who suffer GBV across Botswana to be able to generate monthly income. Moreover, more than 31 scholarships were provide for our local Doctors in Botswana in 32 different underserved and critical specialties such as: Diabetes, Endocrinology, Dermatology, Gastroenterology, Oncology, Respiratory Medicines, Acute Medicines and Sexual and Reproductive Medicines”.

H.E. Mrs. ANGELINE NDAYISHIMIYE, The First Lady of Burundi & Ambassador of Merck Foundation More Than A Mother stated, “I am very proud of the partnership we have with Merck Foundation. Through our long-term partnership, 47 scholarships have been provided for our local doctors in critical and underserved specialities such as Diabetes, Oncology, Fertility & Embryology, Sexual & Reproductive care, I am very happy to share that we have succeeded to establish the first public IVF center in Burundi and Merck Foundation has provided training for the staff of Fertility Specialists, Embryologists and also technicians, who are the first local experts in my country, we are making history in Burundi.”

H.E. Madam DENISE NYAKERU TSHISEKEDI, The First Lady of Democratic Republic of The Congo & Ambassador of Merck Foundation More Than A Mother said, “I would like to greatly acknowledge our valuable partnership with Merck Foundation that we started in 2020, and in a very short time, we have together achieved a lot. I am Proud to share that Merck Foundation have provided 77 scholarships to our doctors in the fields of Oncology, Fertility, Embryology, and Diabetes, which gave us our first Fertility specialists & Embryologists. Together, we also conducted the Online Health Media Training for our journalists to create a culture shift, to break the silence, and be the voice of the voiceless in order to raise awareness on sensitive social and health issues like Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM and Stopping GBV, Diabetes early detection and prevention”.

H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of Republic of The Gambia & Ambassador of Merck Foundation More Than A Mother emphasized, “Our partnership journey is going from strength to strength as we have achieved many important and significant milestones since 2017, when I hosted Merck Foundation CEO and together, we launched the programs in my country. Through the partnership with Merck Foundation, 32 scholarships have been provided to young Gambian doctors in medical specialties. And, we are making history by providing training to first specialists in many fields such as Oncology, Respiratory, Fertility, Embryology, Reproductive Care, Diabetes, neonatal care, Endocrinology and more. It is history in the making.”

H.E. Mrs. REBECCA AKUFO-ADDO, The First Lady of Ghana & Ambassador of Merck Foundation More Than A Mother emphasized, “I have been working closely with Merck Foundation to empower women in general and infertile women in specific, not only through creating a culture shift but by also making the fertility, sexual and reproductive care available for them and their husbands whenever they need it, nationwide. We have been able to provide more than 110 scholarships of 32 specialty training in the fields of Cancer, Diabetes, Cardiology, Endocrinology, Respiratory, Acute Medicine, Sexual and Reproductive medicine, Embryology, Respiratory, Critical care, Psychiatry, General Surgery, Dermatology, Emergency and Resuscitation Medicine, Gastroenterology, Neuroimaging for Research, Pain Management, Rheumatology, and Neonatal Medicine. All these fields are very critical to our country which I consider a great milestone to transform patient care landscape in my country”.

H.E. Mrs. CLAR MARIE WEAH, The First Lady of Liberia & Ambassador of Merck Foundation More Than A Mother said, “I am very happy to work closely with Merck Foundation to empower infertile women through access to information, education, health and change of mindset. Merck Foundation also provided Sanitary Napkin Production Machine and raw materials, this will really help our young girls. I truly appreciate our partnership and acknowledge their smart and serious strategy to provide specialty training for our local doctors. Till today, 37 scholarships have been provided to our doctors in many critical and underserved specialties. This is a huge achievement for us, and we are definitely making history in Libera by training the first specialists in many medical fields such as: Infertility, Embryology, Oncology and Diabetes”.

H.E. Mrs. MONICA CHAKWERA, The First Lady of Malawi & Ambassador of Merck Foundation More Than A Mother expressed, “I have worked closely with Merck Foundation since 2020 to define the right strategy to build healthcare capacity, empower infertile women, and support girl education in Malawi. With the support of Merck Foundation and their “Empowering Berna” program , 13 women have transformed their lives as they got a chance to establish their own small businesses so that they can be financially independent; and under the ‘Educating Linda’ program, we provided scholarships of 60 Malwian school girls to continue thier education till they graduate. Moreover, 33 scholarships have been provided to young Malawian doctors in 32 critical medical specialties such as Fertility & Embryology, Diabetes, Endocrinology, Oncology, Internal Medicine, Sexual & Reproductive Medicines, Ousmane emergency, respiratory care, acute care and more. My journey with Merck Foundation has definitely been amazing, very impactful and efficient”.

H.E. Mrs. ISAURA FERRÃO NYUSI, The First Lady of Mozambique & Ambassador of Merck Foundation More Than A Mother emphasized, “I am very impressed with initiatives of Merck Foundation under the “More Than a Mother” Campaign. We recently conducted our First Online Health Media Training for our journalists to emphasize on the important role that media plays to influence our society to raise awareness on a wide range of social and health issues. The training session benefitted many of our journalists. Together with Merck Foundation, I am fully committed to working closely to introduce more such innovative ideas that engage different sectors to create a culture shift. Moreover, 14 scholarships have been provided to our doctors for the Online Diabetes Master course, a unique course specially developes in Portuguese language so that our local doctors can benefit from it, under Merck Foundation’s  Nationwide Diabetes Blue Points Program”.

H.E. Mrs. MONICA GEINGOS, The First Lady of Namibia & Ambassador of Merck Foundation More Than A Mother said “I am glad to have this ongoing long-term beneficial partnership with Merck Foundation. I am particularly excited as Merck More Than a Mother Ambassador, as together we have been doing amazing work in the country to empower women living with infertility through access to information, education, information, change of mindset and economic empowerement. Moreover, 53 scholarships have been provided to young Namibian doctors in the fields of Diabetes, Cardiology, Endocrinology, Respiratory Medicines, Acute Medicines and Sexual and Reproductive Medicines, and many more. For Namibia, 2.4M population, we will soon have more than 18 skilled and trained doctors nationwide  to assist couples living with infertility or need any sexual & reproductive help, this will be a significant contribution towards improving women health in general and reproductive health in specific”.

I am proud that Merck Foundation has provided till today, more than 1470 scholarships to young doctors from 50 countries in 32 critical and underserved specialties

H.E. Dr. FATIMA MAADA BIO, The First Lady of the Republic of Sierra Leone stated, “Our partnership with Merck Foundation is since 2018 and we highly appreciate their programs. Together, we have provided 46 scholarships to our doctors from different provinces of Sierra Leone in the fields of Oncology, Embryology & Fertility, Sexual and Reproductive Health Medicine, Diabetes, Endocrinology, Orthopaedics, Clinical Microbiology & Infectious Diseases, Clinical Psychiatry, Dermatology, Gastroenterology, Internal Medicine, Neonatal Medicine, Paediatric Emergency Medicine, Cardiovascular Medicine, Respiratory Medicine and Emergency and Resuscitation Medicine. I can proudly say that along with Merck Foundation we are making history in Sierra Leone by providing training for the First Oncologists in the country with the aim to establish the first skilled cancer care team who will be working in our new hospital, this will improve access to quality and equitable cancer care in the country. This is a huge achievement for us since we did not have any oncologists or fertility specialists and we have in general a very limited number of local specialists in the public sector before starting our partnership with Merck Foundation.”

H.E. Mrs. MUTINTA HICHILEMA, The First Lady of the Republic of Zambia expressed, “I am very proud of our partnership with Merck Foundation. I am very impressed with ‘Educating Linda’ program to support girl education and provide scholarships to girls to complete thier education by providing thier tutiton fees, we have implememted this program in Zambia and provided 22 girls with scholarships to cover thier tuttion fees of nursing schools and health sciences univesities .this scholarship wil continue till they complete thier education successfully. I also very interested in “More Than a Mother” Campaign, this campaign is very critical for my country and Africa, at large. I am fully supporting this initiative as the First Lady of Zambia and as an african woman, it is very close to my heart. Moreover, together with Merck Foundation, we have provided 50 scholarships to our doctors from different provinces across Zambia and we will scale up this program under the leadership of my office”.

During her speech, H.E. Mrs. ANA DIAS LOURENÇOThe First Lady of the Republic of Angola & Ambassador of Merck Foundation More Than A Mother stated, “I am looking forward to start the implementation of the ‘Educating Linda’ Program which aims to empower girls through education and end child marriage, this program is very close to my heart as I consider it one of my main objectives as the First Lady of Angola; and as an African woman, I strongly believe that girl Education is one of the most critical areas of women empowerment. Moreover, I am very excited about the 8 important different competitions for our communities which are: Best Media, Song, Film and Fashion awards with the aim to encourage Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields to play their important role in sensitizing their communities about many critical social and health issues.”

H.E. Madam BRIGITTE TOUADERA, The First Lady of Central Africa & Ambassador of Merck Foundation More Than A Mother emphasized “I greatly value our partnership with Merck Foundation that is since 2015, to support us to advance and build the healthcare capacity in our country by providing scholarships to our local doctors in various medical specialities. Together, we worked on “Empowering Berna” program where we established small businesses for infertile and childless women and trained them to run their businesses so they can have income and become independent and have purpose life. Also, as a part of Merck Foundation’s Education Linda program, we will be providing scholarships to 20 under-privileged schoolgirls from our country to support girl education. Moreover, 5 scholarships have been provided to our doctors by Merck Foundation so far in Oncology and Diabetes”.

The 9th Edition of Merck Foundation Africa Asia Luminary 2022 was streamed live on the social media handles of Merck Foundation (http://bit.ly/32YFKpv) and Senator, Dr. Rasha Kelej(http://bit.ly/3ATPaEd).

Link to the Facebook live steam of Inaugural Session of Merck Foundation Africa Asia Luminary & African First Ladies High Level Panel: (https://bit.ly/3XE4EWp)

Merck Foundation is transforming the Patient care landscape and making history together with its partners in Africa, Asia, and beyond, through:

• 1470 + Scholarships provided by Merck Foundation for doctors from 50 Countries in 32 critical and underserved medical specialties.  

Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through:

• 2200 + Media Persons from more than 50 countries trained to better raise Awareness about different social and health issues

• 8 Different Awards Launched annually for best media coverage, fashion designers, films, and songs

• Around 30 songs to address health and social issues by local singers across Africa

• 8 Children’s Storybooks in three languages – English, French, and Portuguese

• Pan African TV Program “Our Africa by Merck Foundation” TV Program addressing Social and Health Issues in Africa through “Fashion and ART with Purpose” Community

• 1000+ Girls from 15 African countries supported through scholarships or school items, annually.

• 9 Social Media Channels with more than 5 Million Followers

Distributed by APO Group on behalf of Merck Foundation.

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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

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

 

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