FG Begins Sale of N150bn Sovereign Sukuk at 11.2%
The Federal Government on Thursday began the sale of its third tranche 7-year N150 billion Sovereign Sukuk, the Debt Management Office (DMO) said.
The offer...
African SMEs Need Mixed Markets, Islamic Trade Finance Head Says
Africa can’t afford to wait for its free trade agreement to promote integrated markets for small and medium-sized companies, International Islamic Trade Finance Corporation...
Al Baraka Bank Sudan Prepares for Digital Transformation with iMAL*BI
Kuwait based global Islamic software provider, Path Solutions has announced that Al Baraka Bank Sudan (“BBS”), a subsidiary of the strategic Bahraini multinational banking...
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...