ALGIERS, Algeria, May 27, 2025/ — The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) has announced the winners of the first-of-its-kind Artificial Intelligence (AI) Hackathon in Islamic Finance, organized to showcase the potential of AI-powered tools to support the progress of the global Islamic financial industry.
The awards were announced and presented to the winners during the 19th IsDB Global Forum on Islamic Finance on 20 May 2025 in Algiers, Algeria, on the sidelines of the IsDB Group Annual Meetings.
As the Islamic finance industry evolves to meet the demands of a dynamic global economy, the practical adoption and harmonization of Financial Accounting Standards (FAS) – particularly across jurisdictions – remains a challenge. At the same time, Artificial Intelligence is revolutionizing how financial services are designed, delivered, and governed.
Recognizing this opportunity, IsDBI launched the AI Hackathon to explore how emerging technologies can strengthen the adoption of Islamic finance standards, particularly those issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
The Hackathon focused on developing AI-powered solutions that make these standards easier to implement, more accessible, and globally aligned.
Dr. Sami Al-Suwailem, Acting Director General of IsDBI, presented the awards to the top three winners, namely:
First Place – Khilan Team
Second Place – Al Buraq Team
Third Place – BANKAI Team
The winning projects stood out for their technical excellence, creative design, and potential for real-world application in the Islamic finance ecosystem.
In his comment on this occasion, Dr. Sami Al-Suwailem, stated: “This Hackathon reflects our commitment to advancing the Islamic financial industry using state-of-the-art technologies. We are proud to support the next generation of thinkers and builders shaping the future of Islamic finance through AI.”
The Hackathon is a pioneering initiative dedicated to applying AI in solving key challenges in Islamic financial services. It highlighted the role of AI in enhancing standardization, compliance, and innovation in the US$4+ trillion Islamic finance industry.
The competition brought together talented students, developers, researchers, and entrepreneurs from around the world to co-create practical, Shariah-compliant digital solutions.
The Hackathon aligns with IsDBI’s strategic objectives to drive innovation, create value through knowledge-based initiatives, and foster global impact in the Islamic finance sector.
Minister for Communication, Digital Technology and Innovations, Samuel Nartey George has announced that government is developing a one-stop-shop Data Exchange Hub to power Artificial Intelligence for national development.
The Minister made the announcement in a speech read on his behalf by the CEO of the Kofi Annan ICT Centre, Dr. Collins Yeboah-Afari at the opening of the maiden Ghana AI Summit and Awards in Accra.
The summit, organized by Knowledge Innovations in collaboration with Deloitte Ghana, was under the theme “Harnessing Artificial Intelligence for Sustainable Development: Hype or Reality?” and featured an impressive line-up of speakers and panellists who are at the forefront of AI innovation and application.
Sam George stated that the John Dramani Mahama government is committed to making Ghana Africa’s leading AI hub by the end of its tenure.
He however noted that Ghana’s rich and vast data resources, which are much needed to make the country an AI hub, remain locked away in silos, limiting their potential for driving innovation and economic development.
“Large companies and institutions generate massive amount of data yet much of it remain underutilized. The problem is not lack of information but its fragmentation. Data is scattered across different systems making it difficult to integrate, analyse and extract meaningful insights from it,” he said.
According to him, without a unified approach to data management, businesses will struggle to leverage AI and advanced analytics effectively.
“To address this we are developing a Data Exchange Hub, which is a centralized platform designed to unify Ghana’s scattered data resources. This hub will serve as the backbone of country’s AI future, enabling seamless data access for application, data sciences and business users alike,” the Minister stated.
Sam George argued that integrating diverse data sets into one exchange will empower decision makers with real-time data insights, streamline governance and ensure efficient data flow across all government institutions and sectors.
This initiative, he said, will not only enhance data accessibility, but also establish a strong foundation for AI-driven innovation across industries.
“With a well structured data ecosystem, Ghana can unlock the full potential in AI, strengthening its position as a leader in AI adoption and digital transformation on the continent,” the Minister said.
Digitalizing 100 billion physical records
Sam George said, in addition to building the Data Exchange Hub, government will also digitalize all analogue records across hospitals, universities, and all public institutions, adding that over the next four years the target is to digitalize at least one hundred billion physical records.
According to him, such a massive digitalization project will ensure structured, anonymized and protected data that aligns with global data governance frameworks.
Home-grown AI Language Models
The Minister also noted that most western AI models were designed with a western perspective making them less effective in addressing Africa’s needs.
He said, to bridge this gap, “we are developing home-grown AI language models tailored to the Ghanaian and African context.”
Sam George explained that the goal is the create AI systems that understand and communicate Ghana’s local languages, ensuring that technology serves all citizens and not just those who speak English.
He said the models being designed will be voice-based to ensure that farmers and persons who can neither read English nor their native dialects can still have AI systems speak to them in their own dialects and guide them according to their specific needs.
“This is especially crucial for farmers and fisherfolk in rural areas who could really benefit from AI tool for precision farming, weather forecasting, market insights and resource management,” he said.
The Minister stated that Ghana is currently presented with a great opportunity to leverage AI to accelerate its development in the areas of finance, healthcare, agriculture, education and governance, adding that making AI inclusive helps to drive sustainable development across the length and breadth of the country on the back of digital technology.
Reviewing all Tech Sector Legislations
Sam George noted that to make none of the foregoing laudable goals can be achieved without a proper legal and regulatory framework that are in tune with the times.
In that regard, he said the National AI Strategy developed in 2022 for the next decade (2023 – 2033) with the help of GIZ, was a step in the right direction. The strategy creates the framework for AI adoption and governance in the country over the period.
But the Minister said there is the need to review that strategy as well as all industry legislations and regulations to ensure they align with national priorities.
“Since assuming office, I have directed the review of the National AI Strategy and all relevant legislations to ensure alignment with emerging AI trends. This review covers key areas such as data governance, AI ethics, privacy protection and regulatory frameworks for fintech and digital platforms,” he said.
The Minister believe the review of legislation and regulations will set the tone for smooth integration of fintech and other digital platforms to the Data Exchange Hub, the language models and other AI tools to drive inclusive and ethical AI innovation across the country.
Other speakers at the event touched mainly on the need to ensure ethical innovation and application of AI tools to ensure that users are protected and not harmed by AI.
The highly anticipated Dubai WoodShow 2025 the premier platform for the wood and woodworking machinery industry in the Middle East and North Africa, scheduled to take place from April 14 to 16, 2025, will convene leading industry professionals, traders, experts, and key stakeholders from across the global timber and logistics markets,the event organizers said in an official statement issued in Dubai,Thursday
Alongside the exhibition, the event will serve as a premier platform for discussions on market trends, innovations, and emerging opportunities within the sector. Attendees will gain valuable insights through a series of expert-led panel discussions and sessions designed to address critical industry developments.
Key Sessions and Distinguished Speakers
North African Timber Market Outlook
Industry specialists will examine the timber trade landscape in North Africa, highlighting key opportunities and challenges. Featured speakers include:
A comprehensive analysis of timber market trends and developments in Central Europe, featuring:
Gregor Triltsch, Sales Director, Sawn Timber International, Pfeifer
Mario Ehlers, Sales Director, ILIM TIMBER
Scandinavian & Nordic Timber Market Insights
Insights into evolving trends shaping the Scandinavian and Nordic timber markets with:
Olle Berg, Executive Vice President, Market/Sales & Business Development, Setra
Gustav Nyren, CEO, ELE
MENA Market Outlook
An in-depth discussion on the future of the timber industry in the Middle East and North Africa, featuring:
Amir Rashad, CEO & Founder, Timber Exchange
Global Ocean Freight Market Analysis
A critical examination of global ocean freight trends and their implications for timber logistics, featuring:
Patrik Patriksson, Senior Chartering Manager, NORDEN
Jacob Lind, Chartering – Timber, GOTHENBURG CHARTERING
North American Lumber Market Outlook
Leading experts will provide insights into the North American lumber sector:
Russ Taylor, Founder & Consultant, Russ Taylor Global
Frank Turnbull, Director, US Lumber Sales, Mercer Timber Products
David Trent, Senior Vice President, Business Development, Canfor
Indian and Pakistani Timber Markets
An exploration of the evolving timber markets in India and Pakistan, featuring:
Ayush Gupta, Director, Shree AK Impex
Abbas Ali, Founder, World of Timber
Shahzad Sabir, CEO, K.U. Trading Company
European Timber Market Outlook
A detailed discussion on the European timber industry with insights from:
Jesper Egsmark, Group Sourcing and Category Manager, Stark Sourcing
Sampsa J. Auvinen, Chairman, CEB-Bois
Global Lumber Market Forecast
A forward-looking analysis of global lumber market trends, featuring:
Amir Rashad, CEO & Founder, Timber Exchange
Packaging and Pallet Market Trends
An exploration of the latest developments in packaging and pallet industries, featuring:
Thomas Gents, COO & Executive Board Member, PalletBiz
GCC & Levant Timber Market Trends
Insights into the timber industry within the GCC and Levant regions with:
Vikash Nihalani, Vice President, PVS
Yahia Saidi, General Manager, Al Essami
The Future of Value-Added Timber in the MENA Region
An examination of the advancements in value-added timber, featuring:
Turki Alotaibi, Chairman, Naqsh
South American and Australian Timber Market Dynamics
A comprehensive analysis of timber industry developments in South America and Australia, featuring:
Daniel Kokot, Commercial Manager, Berneck
Ryan Wolters, Vice President of Sales, CMPC
Innovative Technologies in Timber and Forestry
A showcase of cutting-edge technologies shaping the timber and forestry sectors, featuring:
Martin Schulze, CEO, BlueBox Systems
Levi Farrand, Founder & CEO, DeepForestry
Christoffer Johnsson, CEO & Co-Founder, Taigatech
Join Global Leaders in the Timber & Wood Industry at Dubai WoodShow 2025
The Dubai WoodShow 2025 remains the foremost international platform for networking, knowledge exchange, and business development in the timber and woodworking sectors. With an extensive program of expert-led discussions, the event promises to deliver invaluable industry insights and strategic business opportunities.
ACCRA, Ghana, March 26, 2025/ — Ghana is strengthening its collaboration with international partners to enhance (https://apo-opa.co/4kYCvVX) its small-scale gold mining (ASGM) sector and the broader gold value chain for socioeconomic development.
The Ashanti Green Initiative, led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom, is spearheading the inaugural Mining in Motion Summit in partnership with the World Bank and the World Gold Council.
Scheduled for June 2-4, 2025 in Accra, the summit brings together stakeholders from Ghana’s ASGM sector, major mining players and global investors to discuss best practices for further empowering the ASGM industry.
In 2024 alone, ASGM contributed $5 billion in export revenue and employed over one million people, underscoring its significance in Ghana’s mining landscape and economy.
Global Partnerships and ASGM Growth
Ghana is also implementing (https://apo-opa.co/3QLQQXV) the Ghana Landscape Restoration and Small-Scale Mining Project, in partnership with the World Bank, to formalize the ASGM sector through the empowerment of District Mining Committees. Given the sector’s potential for job creation, the project plays a crucial role in advancing Ghana’s employment and economic growth agenda.
Additionally, Ghana is leveraging expertise and financing from global partners to enhance local value addition.
The country’s Central Bank and India’s Rosy Royal Minerals have been operating the Royal Ghana Gold Refinery (https://apo-opa.co/4c2ec58) since its launch in August 2024.
The facility presents a transformative opportunity for the ASGM industry, enabling greater contributions to GDP growth through value-added gold products. In November 2024, the Minerals Income Investment Fund of Ghana partnered with South Africa’s Mintek to boost the technical expertise of local miners.
Global Cooperation on Industrial Mining
Ghana’s industrial mining sector is also witnessing significant international cooperation, with new projects set to expand production. Cardinal Resources is set to boost Ghana’s gold output by 358,000 ounces with the launch of the Namdini Mine in mid-2025, while Newmont’s Ahafo North Project will add another 325,000 ounces in the second half of the year.Meanwhile, Canadian mining firm Asante Gold is preparing to select a contractor for its Bibiani Mine Expansion Project in Q3 2025.
The UAE, which accounted for 40% of Ghana’s gold exports in 2024, continues to play a significant role in the sector’s expansion. UAE-based Emiral Resources Limited, the majority shareholder in Asante Gold, is investing in new mines and the modernization of existing facilities in Ghana through Asante Gold’s $525 million expansion strategy.
Amid increasing global partnerships in Ghana’s mining sector, Mining in Motion 2025 seeks to expand these collaborations, providing a platform for deal signings and strategic partnerships to promote responsible and sustainable gold mining.
The event will feature high-level panel discussions and exhibitions from key decision-makers, including Otumfuo Osei Tutu II, King of the Ashanti Kingdom; H.E. John Dramani Mahama, President of Ghana; and representatives from the United Nations, African Union and ECOWAS, highlighting lucrative investment opportunities in Ghana’s burgeoning gold mining sector.
Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com.
In its ongoing commitment to fostering global values of tolerance and coexistence, the Ministry of Tolerance and Coexistence is set to organize the third edition of the “World Governments as Incubators for Tolerance” conference,the Ministry disclosed in an official statement, in Abu Dhabi,Wednesday.
Under the theme “A Balanced Approach to Prosperity,” this significant event will convene during the second day of the AIM Congress 2025, scheduled from April 7 to 9 at the Abu Dhabi National Exhibition Centre (ADNEC).
The conference aims to bring together a distinguished assembly of officials, policymakers, and experts from around the globe to deliberate on effective frameworks and mechanisms for embedding a culture of tolerance as a foundational element in constructing stable and sustainable societies.
Emphasis will be placed on enhancing collaboration among governments, civil society, and the private sector. Key discussions will address the significance of mutual understanding and respect in tackling global challenges, including inequality and social unrest, often stemming from cultural disparities and ideological divides.
In today’s interconnected world, promoting a culture of tolerance is pivotal for bolstering economic and social stability. Societies that adopt balanced approaches, encouraging inclusive dialogue and cooperation, are better positioned to innovate and achieve sustainable development, thereby contributing to the formation of balanced economies that prioritize individual well-being and fortify long-term economic resilience.
His Excellency Sheikh Nahayan bin Mabarak Al Nahyan, Minister of Tolerance and Coexistence, emphasized:
“The ‘World Governments: Incubators of Tolerance’ conference embodies the UAE’s vision that tolerance and coexistence are not merely noble human values but essential pillars for building prosperous societies and sustainable economies.
In light of the escalating challenges confronting the world, it is imperative for governments to collaborate in embedding these values as strategic instruments for enhancing security, stability, and achieving comprehensive development. Through this session, we reaffirm that investing in tolerance is an investment in the future of all humanity.”
The conference is designed to cultivate dialogue among policymakers, scholars, and researchers, facilitating the exchange of best practices in promoting tolerance and inclusiveness.
It will scrutinize the role of government policies in shaping societal attitudes toward diversity and peaceful coexistence, assess the effectiveness of initiatives aimed at fostering a culture of tolerance globally, and identify challenges impeding these efforts across various cultural and political landscapes.
The insights garnered will inform practical recommendations to assist governments in constructing more inclusive systems and harmonious societies, thereby contributing to stability and sustainable development.
Towards Global Partnerships to Promote Tolerance
Through comprehensive discussions and interactive workshops, the conference seeks to enhance international cooperation and forge strategic partnerships that uphold tolerance as a core value for achieving peaceful coexistence and sustainable economic growth.
It will serve as a premier platform for dialogue and the exchange of insights on integrating tolerance into policy formulation, contributing to the development of more harmonious and stable societies.
The 14th edition of AIM Congress will be held from April 7 to 9, 2025, under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure,” at the Abu Dhabi National Exhibition Centre.
AIM Congress 2025, an initiative of the AIM Global Foundation, is set to offer a wide range of activities, including events, forums, dialogue sessions, workshops, high-level meetings, the AIM Investment Awards and Exhibition, a start-ups competition, and showcases country-specific investment opportunities, highlighting eight key portfolios: Foreign Direct Investment (FDI), Global Trade, Startups and Unicorns, Future Cities, Future Finance, Global Manufacturing, Digital Economy, and Entrepreneurs.
Dubai Land Department (DLD) has announced the agenda for the IPS 2025 Conference, which will take place alongside the exhibition from 14 to 16 April 2025 at the Dubai World Trade Centre (DWTC).
The event will bring together leading real estate professionals, experts, and innovators to discuss key industry developments and emerging trends.
Majid Al Marri, CEO of the Real Estate Registration Sector at DLD and Chairman of the IPS Organising Committee, emphasised that the IPS Conference underscores Dubai’s commitment to supporting the real estate sector and fostering a dynamic investment environment.
This was contained in an official statement issued by the Dubai Lands Department(DLD) in Dubai,Teusday.
The conference,the statement said, serves as a strategic platform for industry leaders and global experts to exchange insights, explore market opportunities, and drive innovation within the real estate sector.
The conference agenda,it said, will cover key developments in real estate, including technological advancements, smart analytics, future cities, and women’s empowerment in the industry.
Additionally,discussions it added,will address capital market challenges, supply chain disruptions, and rising costs, providing attendees with valuable insights and best practices from international markets.
The Role of Proptech: Transforming Real Estate Management
A key highlight of the conference will be the session titled ‘Proptech Innovation Showcase: From Manpower to Tech-Power – How Modern Property Management is Transition from Labour-Intensive to Technology-Intensive”, which will explore how real estate management is transitioning from labour-intensive operations to advanced, technology-driven systems.
The discussion will focus on automation, artificial intelligence, and smart property management tools, demonstrating how these innovations enhance operational efficiency, reduce costs, and improve tenant satisfaction, all of which are critical factors in the evolving landscape of smart cities and digital transformation.
This session will feature industry experts, including:
Abdul Azim Osman, Co-Founder – Nawy (Largest Proptech in Africa)
Vitaly Berezka, Regional Head Central Asia, MENA & APAC – Plan Radar
Alexander Karabet, Founder & CEO – Mansions Owners Association Management
Hamdan Al Kaitoob, VP – Head of Property & Community Management – Deyaar Development PJSC
Artyom Meltonyan, Founder & CEO – Deluxe Homes
The Power of Data in Real Estate Investment
The conference will also feature a keynote presentation by Sam Mahrabod, CEO and Co-Founder of ROOMVU, titled ‘Real Estate Analytics: A Comprehensive Guide on Predictive Analytics for Large Real Estate Asset Owners.’
The session will explore how predictive analytics can be leveraged to refine investment strategies, optimise asset performance, and drive data-backed decision-making.
Additionally, Nikki Greenberg, Founder and Chief Innovation Officer at Real Estate of the Future, will present a thought-provoking session on artificial intelligence in real estate titled ‘AI and Machine Learning in Real Estate: How to leverage AI to predict market trends.’ Attendees will gain insights into how AI-powered tools are revolutionising market forecasting, operational automation, and customer engagement in the industry.
Empowering Women in Real Estate
A dedicated conference track will focus on women’s leadership in real estate, under the theme ‘Elevating Global Leadership in Real Estate,’ which will include keynote discussions aimed at fostering gender diversity and expanding leadership opportunities for women in the industry.
One of the conference’s key sessions, ‘Breaking Barriers: Expanding Women’s Leadership in Real Estate,’ will address strategies for achieving gender equality in leadership roles within global real estate markets.
Another inspiring session, ‘The Power of Resilience: Women Rising Beyond Challenges,’ will showcase female leaders from diverse backgrounds who have overcome obstacles to build successful careers in real estate.
Panellists will include:
Arleen Davis, Global Real Estate Sales Director – Damac Dubai Property
Judge Yaqeen Al Hammadi, Judge – Rental Disputes Center UAE
Marlene Llamas Leon, Real Estate Advisor – Realtor
The discussion will delve into the challenges and opportunities for women entrepreneurs in real estate financing, with industry leaders sharing insights on securing investments, navigating financial networks, and overcoming gender biases in the industry.
Building Strong Client Relationships in the Digital Age
Building and maintaining strong client relationships has become increasingly critical as technology continues to reshape real estate interactions. Addressing this shift, Georg Ortner, Founder of Mackler Service AG, will lead a Masterclass titled ‘Building Strong Client Relationships in a Digital Age: Strategies for Effective Client Communication and Retention’
This masterclass will explore key strategies for understanding customer behaviour, enhancing engagement, and establishing long-term trust, equipping attendees with the tools needed to thrive in the evolving real estate landscape.
A Must-Attend Event for Real Estate Professionals
IPS 2025 provides an unparalleled platform for investors, developers, and industry professionals to gain expert insights, explore cutting-edge innovations, and forge strategic partnerships. With a carefully curated lineup of sessions and industry leaders, the event is set to be a landmark gathering for the global real estate community.
For more information and to register for IPS 2025, visit: www.ipscongress.com
ABIDJAN, Ivory Coast, March 25, 2025/ — The African Development Bank (www.AfDB.org) and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project.
The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional economic growth.
Chief Executive Officer of Ethiopian Airlines Group Mesfin Tasew Bekele signed the Letter of Intent with African Development Bank Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo, at the Bank’s headquarters in Abidjan on Friday, 14 March.
Bekele was part of the Ethiopian delegation led by Finance Minister Ahmed Shide. Other members were Adamu Tadele, CFO for Ethiopian Airlines Group; Tiguist Fisseha, Senior Advisor to the Finance Minister; Abraham Tesfaye, Infrastructure Director for Ethiopian Airlines Group; and Berhanu Anbessa, Head of IFIs at the Ethiopian Ministry of Finance.
The new world-class international airport will be situated in Bishoftu, about 40 km from the current Addis-Ababa Bole International Airport.
Multinational transportation is key to improving interconnectedness and free movement between countries and contributes to regional integration, one of the Bank’s High Five priorities. The new Abusera International Airport will complement Ethiopia’s recently expanded Bole International Airport, which is expected to reach its annual 25 million passenger capacity limit soon.
The new infrastructure will enhance Ethiopian Airlines’ role in improving intra-Africa connectivity by enabling a more extensive and efficient network, and strengthening connectivity between Africa and the rest of the world.
At a meeting with the delegation, the President of the African Development Bank Group, Dr. Akinwumi Adesina, said, “I’m a great friend of Ethiopia, and of course, Ethiopian Airlines is Africa’s pride, a symbol of excellence and resilience. The African Development Bank is fully committed to supporting this transformative flagship project, which will strengthen the continent’s aviation leadership and economic integration.”
“Today’s signing of the Letter of Intent for the new mega airport development project is yet another testament to AfDB’s commitment to supporting Ethiopia’s ambitious flagship air transport project that will not only reinforce Ethiopian Airlines’ competitive edge in passenger and cargo services, but also enhance Africa’s global air connectivity and integration, solidifying the continent’s aviation hub status,” said Finance Minister Shide.
Ethiopian Airlines Group, Africa’s largest and most successful airline, is advancing its ambitious 2035 growth strategy, which emphasizes network expansion, infrastructure development, and human capital investment to enhance its global competitiveness.
In the last fiscal year, ending on 30 June 2024, the airline reported record revenues of $7.02 billion (over 402 billion Ethiopian Birr), reflecting a 14% year-on-year increase. It transported 17.1 million passengers, with 13.4 million on international routes and 3.7 million domestically.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Contact:
Amba Mpoke-Bigg
Communication and External Relations Department
email: media@afdb.org
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been honoured with three prestigious accolades, further underscoring its impact in shaping Africa’s financial landscape.
At the IJGlobal Awards 2024 held recently in London, AFC was named Guarantor of the Year, Africa, and also received the Market Innovation Award, Africa.
The following evening, AFC was recognised with the African Deal of the Year at the Global Capital Syndicated Loan Awards in London. The trio of awards showcase AFC’s pioneering role in infrastructure financing, risk mitigation, and innovative financial solutions that drive sustainable economic growth across Africa.
AFC’s triple win highlights its lead role in arranging a record €2 billion syndicated facility for the Bank of Industry (BOI), the largest capital raise in the history of African development finance institutions. AFC served as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication.
Leveraging its structuring and credit enhancement, AFC assembled a consortium of international financial institutions for the facility, including Standard Chartered Bank, African Export-Import Bank, First Abu Dhabi Bank PJSC, FirstRand Bank Limited (through its Rand Merchant Bank division – London Branch), Mashreqbank PSC, SMBC Bank International PLC, Absa Bank (Mauritius) Limited, Absa Bank Limited, and the Export-Import Bank of India (London Branch).
AFC has consistently led the way in unlocking international capital markets for African institutions. In 2023, AFC supported the Egyptian Government as Re-Guarantor on a JPY75 billion Samurai Bond Issue, exemplifying AFC’s role as a key enabler of global financing for African sovereigns. This transaction won AFC the Innovation of the Year Award (MENA) at the IJGlobal Awards 2023.
Earning Guarantor of the Year, the Market Innovation Award, and African Deal of the Year reaffirms AFC’s expertise in attracting global capital to African markets and its commitment to structuring innovative financing solutions that bridge the continent’s infrastructure gap. AFC’s investment strategies continue to drive economic resilience and industrialization across the continent.
“We are honored to receive these prestigious awards, which reflect AFC’s ongoing mission to unlock Africa’s infrastructure potential through financial innovation,” commented Samaila Zubairu, President & CEO of Africa Finance Corporation. “These recognitions further validate our credentials as a trusted partner in mobilizing capital to drive sustainable development across the continent. We extend our gratitude to our partners and stakeholders whose collaboration has been instrumental in achieving these milestones.”
Banji Fehintola, Executive Director and Head of Financial Services at AFC, said: “These recognitions from IJGlobal and Global Capital are a testament to AFC’s leadership in structuring innovative financial solutions that de-risk investments and attract international capital to Africa. The success of the €2 billion syndicated facility for BOI demonstrates our ability to mobilize global funding at scale, supporting economic development and industrialization across the continent.”
The IJGlobal Awards celebrate outstanding achievements in global greenfield and refinancing deals across various sectors that shape the infrastructure and energy landscape, while the Global Capital Syndicated Loan Awards honor the most significant and innovative syndicated loan transactions worldwide.
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile: +234 1 279 9654
Email: yewande.thorpe@africafc.org
The President of the Republic, Mr. Wavel Ramkalawan, accompanied by Vice President Mr. Ahmad Afif, presided over the official handover ceremony of the new Seychelles Broadcasting Corporation (SBC) headquarters at Union Vale Yesterday morning.
Funded through a generous grant from the People’s Republic of China, construction of the state-of-the-art facility commenced in April 2019 and was carried out by Hunan No.6 Engineering Co. Ltd. Despite delays caused by the COVID-19 pandemic and various technical challenges, the project has been successfully completed to the highest standards.
The facility consists of three specialized blocks housing the radio station, television studios, and administrative offices, all equipped with cutting-edge technical equipment, marking a significant advancement in the nation’s media infrastructure.
A key moment of the ceremony was the symbolic handover of keys, first from Chinese Ambassador H.E. Ms. Lin Lan to the Vice President, and subsequently from the Vice President to the Chief Executive Officer of the SBC, Mr. Berard Dupres.
In her welcoming speech, Chinese Ambassador to the Republic of Seychelles, H.E. Ms. Lin Lan, expressed her deep honour in officially handing over the SBC headquarters to the Seychelles Government. She extended her gratitude for the excellent cooperation between various departments that enabled the successful completion of the project.
“The broadcasting industry plays a crucial role in modern society by serving as a vital media tool for information dissemination, cultural heritage preservation, and social services. It is a significant driving force of social progress and cultural development,” she stated. “The official handover of the SBC project marks a new milestone between China and Seychelles in cultural communication and cooperation.”
Addressing the gathering, Vice President Mr. Ahmad Afif expressed profound gratitude to the People’s Republic of China for its generosity and unwavering support. He reflected on the evolution of broadcasting in Seychelles, highlighting its steady progress and modernization over the years.
“It is a very fast-evolving sector, and we are very proud to see something so modern,” said the Vice President. He expressed confidence that the new facility will enhance SBC’s ability to fulfill its mandate and encouraged all media stakeholders to fully embrace this new asset as they embark on a new era in modern communication.
The event also featured cultural performances, including traditional songs and dances, celebrating the enduring friendship, mutual gratitude, and productive cooperation between China and Seychelles.
This landmark development marks a new chapter in the nation’s broadcasting capabilities and stands as a testament to international partnership in support of media development.
Among the distinguished guests present at the ceremony were the Speaker of the National Assembly, Mr. Roger Mancienne; Principal Minister, Mr. Jean-François Ferrari; Member of the National Assembly, Hon. Andy Labonte; Vice-President of the Chinese People’s Association for Friendship with Foreign Countries, Mr. Yuan Mingdao and his delegation; Chairman and members of the Association for the Promotion of Friendship between Seychelles and China; as well as SBC’s CEO, Deputy CEO, and other esteemed attendees
The Founder and Chairman of the award-winning Pan-African communications consultancy and leading press release distribution service provider,the APO Group , Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com),has been appointed as a member of the Africa Tech Festival Leadership Council an official statement,said,in Cape Town,Thursday.
The Africa Tech Festival (www.AfricaTechFestival.com),the release said,is the continent’s largest and most influential tech and digital connectivity conference, featuring flagship events such as AfricaCom, AfricaTech, AfricaIgnite, and the AI Summit Cape Town. The festival celebrates Africa’s vibrant tech community, attracting hundreds of exhibitors, over 450 speakers, and more than 15,000 delegates annually.
The Leadership Council of the Africa Tech Festival,it noted, is a prestigious assembly of senior leaders from across the continent, tasked with shaping the future of this premier technology event.
This select group,it added, provides strategic guidance, shares industry insights, and supports the development of the festival to ensure it remains a cornerstone of Africa’s rapidly evolving tech ecosystem. Role and Expectations
In his role on the Leadership Council,the release said, Nicolas Pompigne-Mognard will validate and provide feedback on the direction, themes, and features of the Africa Tech Festival, while participating in discussions to address key challenges facing the African tech industry.
“He will shape the event’s content, experiences, and strategic direction to ensure it meets the needs of stakeholders across the continent, as well as influence the format and structure of the festival to maximize its impact and relevance”the release said,adding,”He will engage in analyst-led discussions and working groups tackling critical industry challenges and network with major stakeholders in African tech to foster collaboration and innovation”
Nicolas Pompigne-Mognard the release notes,brings a wealth of experience and expertise to the Africa Tech Festival Leadership Council. His vast network across industries, governments, and institutions, combined with his deep understanding of Africa’s media and technology landscapes and extensive business experience, will play a pivotal role in ensuring the event continues to drive innovation, collaboration, and growth across the continent.
Global Advisory Boards and Committees Serving Footprint
Nicolas Pompigne-Mognard, a Franco-Gabonese entrepreneur named among the 100 Most Influential Africans of 2023 and 2024, serves on multiple high-profile advisory boards and international committees.
These include the Senior Advisory Board of the Canada-Africa Chamber of Business, as well as the Advisory Boards of the African Energy Chamber, World Football Summit, Africa Hotel Investment Forum (AHIF), Bloomberg New Economy Gateway Africa, Sports Africa Investment Summit, EurAfrican Forum, and All Africa Music Awards (AFRIMA).
He is also a strategic advisor to the Chief Executive Officer of the Royal African Society of the United Kingdom, a strategic advisor to the EU-Africa Chamber of Commerce, and a special advisor to the President of Rugby Africa, the governing body of rugby in Africa.
APO’s International Clientele
Nicolas’ wholly-owned company, APO Group,the release is the premier award-winning Pan-African communications consultancy and press release distribution service, providing services to 300+ clients, including Nestlé, Coca Cola, TikTok, DHL, Marriott Group, Ecobank, Canon, Microsoft, Jack Ma Foundation, African Development Bank, Afreximbank, Africa Finance Corporation, Islamic Development Bank, Liquid Intelligent Technology, Radisson, Boeing, MultiChoice, and many more.
“I am honored to join the Africa Tech Festival Leadership Council and contribute to shaping the future of this iconic event. Africa’s tech ecosystem is brimming with potential, and the festival plays a critical role in unlocking opportunities for growth and innovation.
This new engagement also aligns with my commitment to participating in changing the narrative about Africa, showcasing the continent as a hub of creativity, resilience, and technological advancement,” said APO Group’s Founder and Chairman, Nicolas Pompigne-Mognard.
Other Members of the Africa Tech Festival Leadership Council
Other members of the Leadership Council,the release added, include Ravi Bhat, Chief Technology and Solutions Officer of Microsoft Africa, Charles Murito, Regional Director, Government Affairs & Public Affairs, Sub Saharan Africa of Google, Brelotte Ba, Deputy CEO of Orange Middle East and Africa of Orange, and Nomsa Chabeli, Group Chief Executive Officer of the South African Broadcasting Corporation (SABC).
