Africa

Africa

Algeria Allows First Islamic Finance Products by State Banks

Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources...

Road Construction: Fashola Receives N162b Sukuk Fund

Babatunde Fashola, Minister of Works and Housing, has received a sovereign Sukuk Symbolic Cheque of N162.557 billion for the construction of roads across the...

Nedbank Accounts for Green Bonds Launched in South Africa

An innovative SDG-linked instrument, listed on the Green Bonds segment of the JSE, has set a record as South Africa’s first ‘green’ tier 2...

AfDB Concludes R2bn Investment in Nedbank SDG-linked Bonds

Finance institution, the African Development Bank (ADB) group, has concluded the investment of R2-billion in sustainable development goals-linked bonds (SDG bonds) issued by banking...

South Africa’s Public Utility Eskom Working on Rand-Denominated Sukuk

Eskom Holdings, the South African public utility company, is seeking a legal advisor for a rand-denominated sukuk, according to a document issued by the...

Islamic Trade Finance Corporation Signs Afreximbank US$200M For COVID-19 Response

The International Islamic Trade Finance Corporation (ITFC) member of the Islamic Development Bank (IsDB) Group signed a US$200 million syndicated Murabaha financing agreement with...