APO International

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, signed a US$90 Million Master Murabaha Agreement in favor of the Republic of Djibouti, with the International Hydrocarbons Company of Djibouti (SIHD) as the executing agency. The signing took place between HE. Ilyas Moussa Dawaleh, Minister of Economy&Finance, in charge of Industry, and Eng. Hani Salem Sonbol, CEO of ITFC. The facility aims […]

On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group (www.AfDB.org) have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa. The European Union’s contribution to co-finance operations with the African Development Bank has significantly increased over the last two years, now amounting to €972 million in blending operations and guarantees. This figure will further increase after […]

“More than 500,000 people have now fled from the war in Sudan to South Sudan. This means that over 30 per cent of all the refugees, asylum seekers, and ethnic South Sudanese were forced to flee Sudan since the war exploded in April 2023 for protection in one of the poorest places on earth. “We are appalled by the global inaction as countless defenceless civilians are killed and displaced within […]

As part of UNSMIL’s efforts to engage all stakeholders, including political actors, major institutions, elders, cultural components, women and youth, on the solution to Libya’s protracted crisis, SRSG Abdoulaye Bathily met today with more than 20 western security actors and representatives of armed formations. SRSG Bathily urged them to fulfil their duty to establish peace and stability in Libya, heal wounds, and rebuild the country. Libya is for all Libyans, […]

The Head of Government, Aziz Akhannouch, arrived in Rome on Januray, 28, 2024 to represent HM King Mohammed VI at the "Italy-Africa Summit: A Bridge for Common Growth", to be held on January 28 and 29 in the Italian capital. The Conference is part of a series of bilateral meetings undertaken by the Italian government since it took office, culminating in the Conference on Development and Migration, held in Rome […]

Secretary for Foreign Affairs, Hon. Enrique A. Manalo, delivered a statement at the 19th Summit of the Non-Aligned Movement (NAM) in Kampala, Uganda, last 19 January 2024. Secretary Manalo highlighted the need for a renewed commitment to the principles and goals of NAM, calling for a revitalization of the movement to better address the challenges that the developing countries are facing. In his speech, Secretary Manalo expressed his felicitations to […]

Following a recrewing effort, the hospital ship, Africa Mercy®, has now departed from the Port of East London for service within the nation of Madagascar for the next ten months. During the eight-month refit in Durban’s Dormac Shipyard, the ship underwent extensive repairs and maintenance to prolong and improve the vessel’s service life and quality of medical services. Highlights of the Africa Mercy’s® refurbishment included an information technology (IT) upgrade […]

Apart from going into a branch, calling a bank feels more human for digital-shy consumers. For many, it is the first port of call for making account changes or moving large sums of money. But how safe is voice banking really, and what are the chances of someone using generative AI to fake a consumer’s voice and steal their available funds? As incidents of banking fraud grow exponentially and become […]

The global economy is expanding, providing an opportunity for Black-owned businesses to succeed. Various mechanisms have been adopted to facilitate access to the necessary capital required by these businesses to align with the dynamic growth of various economic sectors. Global Black Impact Summit The Global Black Impact Summit (GBIS) 2024 – scheduled for February 27 in Dubai – plays a pivotal role in assisting Black-owned businesses to secure capital. Organized […]