Africa

Africa

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...

Investors Scramble for Third Sovereign Sukuk – DMO

The Debt Management Office (DMO) has announced the result of the third Sovereign Sukuk for which it offered N150 billion to investors. The Offer...

Nigeria is Slowly Expanding Its Islamic Economy

Nigeria is a latecomer to the global Islamic economy despite having all the fundamentals for domestic development: Africa’s largest economy and around 100 million...

ITFC Supports Senegal’s COVID-19 Plan with EUR 8 Million Disbursement for...

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved a Murabaha Financing of EUR 8...