IFC Ploughs $200m into Standard Bank’s Green Bonds
The International Finance Corporation (IFC), a development finance institution and World Bank affiliate, has invested $200m in Standard Bank’s green bond placed on the...
South Africa Plans Rand Sukuk to Help Plug Widening Budget Gap
South Africa plans to sell rand-denominated Islamic notes, increase domestic-debt issuance and speed up its bond-switch program to meet a wall of redemptions and...
Green Bonds Revolution for Africa’s Exchanges
Kenya’s President Uhuru Kenyatta opened trading on the London Stock Exchange on 20 January to celebrate the first week of a dual-listed KES4.3bn ($42.7m)...
Islamic Finance Growth in Africa: Still a Mixed Picture
The development and growth of Islamic finance in Africa has been lauded manifold in recent times and there have indeed a wealth of initiatives...
Sokoto Inaugurates Microfinance Bank, Disburses N1bn Soft Loan
Sokoto State Government has disbursed interest-free loans worth N1 billion to traders and artisans in the state. The disbursement of the loan was done...
Firm Starts Islamic Investment Scheme in Tanzania
Investors who seek Sharia-compliant opportunities got a new avenue after a Tanzanian advisory firm introduced a scheme to offer such services in the country.
Launched...