Africa

Africa

South Africa Working on Rand-Denominated Sukuk Issue

The Republic of South Africa is working on a rand-denominated sukuk for the financial year 2020/2021, according to a spokesperson from the country’s National...

Why The AfDB Listed Its USD 3 Bn Covid-19 Bond on...

Last month, Africa’s premier development bank raised an unusual USD 3 Bn COVID-19 bond to help African livelihoods and economies. The African Development Bank...

How Innovative Financing Can Assist Africa’s Humanitarian Needs

In Africa, humanitarian needs are quickly outpacing funding available. If current trends continue, humanitarian assistance costs are forecasted to rise to $50 billion by...

Islamic Development Bank to Lend Tunisia $280 Mln to Tackle Covid-19

The Jeddah-based Islamic Development Bank (ISDB) plans to lend Tunisia $280 million to tackle the coronavirus crisis, a government source told Reuters on Thursday,...

Algeria Pushes Ahead with Islamic Finance Plans

Algeria, under pressure to find new sources of finance, set up a religious body in charge of Islamic finance on Tuesday in a final...

West Africa: WAMU Releases Handbook for Green Bond Issues

The Regional Council for Public Savings and Financial Markets (CREPMF), an organ of the West African Monetary Union (WAMU), has just made available to...