Month: April 2026

  The United Nations Development Programme (UNDP), has signed a Joint Statement of Intent with the Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) —both members of the Islamic Development Bank (IsDB) Group—introducing a new blended finance structure that leverages credit insurance to catalyze private investment in climate-smart sectors. This partnership will unlock capital […]

  The Government of Sierra Leone has signed a new offshore petroleum license agreement with Nigerian-based independent energy company Marginal Energy, advancing efforts to attract upstream investment and unlock the country’s hydrocarbon potential. The agreement was formalized on April 23 at the Invest in African Energy Forum in Paris, reinforcing Sierra Leone’s growing profile among frontier exploration markets. Signed through the Petroleum Directorate of Sierra Leone (PDSL), the license grants […]

  The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, is pleased to announce that S&P Global Ratings has affirmed its long-term issuer credit and financial strength ratings at ‘AA-’ with a Stable Outlook for the third consecutive year, maintaining ICIEC’s position among the highest-rated peer institutions globally. The reaffirmation reflects ICIEC’s strong credit […]

  Africa’s development challenge is increasingly shifting from capital raising to productive capital deployment in infrastructure and industry, according to AFC's State of Africa’s Infrastructure Report 2026 Non-bank domestic capital pools now exceed US$2 trillion, surpassing ~US$1.7 trillion in cumulative external flows to Africa (2014–2024) Official development assistance fell from US$83.8 billion in 2020 to US$73.5 billion in 2023, with further declines expected for 2025–2026 Sovereign issuance dropped from over US$29 […]

  Kátia Epalanga, Executive Administrator of Angola’s national oil company Sonangol, has been appointed President of the Muhatu Energy Angola Management Network, in a move that reinforces the organization’s role at a pivotal stage in Angola’s oil and gas expansion. She succeeds Nicola Mvuayi – Executive Administrator at the National Oil, Gas&Biofuels Agency (ANPG) – as the country advances deepwater, gas and low-carbon projects that are reshaping workforce and leadership […]

  Africa Finance Corporation (AFC) (www.AfricaFC.org) and the Government of Kenya have signed a Host Country Agreement establishing AFC’s first regional office in Nairobi, expanding the Corporation’s platform for scaling infrastructure investment and industrial development across Africa. The agreement was signed by H.E. Dr. Musalia Mudavadi, Prime Cabinet Secretary (and Cabinet Secretary for Foreign and Diaspora Affairs), and AFC President and CEO, Samaila Zubairu. The signing ceremony, witnessed by H.E. […]

  A recent Kaspersky (www.Kaspersky.co.za) survey undertaken in the Middle East, Turkiye and Africa (META) region entitled “Cybersecurity in the workplace: Employee knowledge and behaviour”, showed that 39% of professionals consider cybersecurity rules in their company to be excessive or not fully appropriate. In Kenya, this figure was 25% and in South Africa, 23%. Furthermore, the survey highlighted that 7% of respondents in the META region, 4% in Kenya and […]