Africa

Africa

Salaam African Bank (SAB) of Djibouti Acquires Uwezo Microfinance Bank of...

Salaam African Bank (SAB) of Djibouti recently acquired 100 per cent stake in Kenya-based Uwezo Microfinance Bank that was founded 12 years ago but...

Sudanese Sanabel Bank Launches First Green Sukuk for Renewable Energy

A Sudanese bank on Monday launched an investment fund offering what it said was the country’s first green sukuk — or bonds compliant with...

Islamic Banking Growth in South Africa Fueled by Increased Interest

An increasing awareness and understanding that every obligation attached to one’s wealth needs to be fulfilled in the proper manner is spurring a local...

Libya’s Stock Exchange Aims to List Two New Islamic Banks

Libya’s long dormant stock exchange will witness a number of public offerings this year, including two Islamic banks. A real estate investment fund offering is...

Islamic Finance Assets to Hit $3.69tr by 2024 – CBN

The Central Bank of Nigeria (CBN) has stated that Islamic finance assets is projected to reach $3.69 trillion by 2024. This is even as they...

Microfinance Banks Record 82% Boom in Lending in 2020

Microfinance Banks in Nigeria recorded an 82% boost in lending rising from N300.2 billion in 2019 to N546.6 billion in 2020. This is according...