ICIEC Signs MOU with AFC On Climate Action
On the sidelines of the recent COP27 summit in Sharm El Sheikh, Egypt, the Islamic Corporation for the Insurance of Investments and Export Credit, ICIEC, signed a memorandum of understanding, MOU, with the Africa Finance Corporation to strengthen the resolve for Climate Action.
According to the CEO of the ICIEC, Mr. Oussama Kaissi, the MOU further enhances the Corporation’s evolving playbook on Climate Action and risk mitigation, whether it relates to financing, underwriting, credit enhancement and risk management.
The MOU will enable cooperation in promoting joint action in the origination, financing and execution of Climate Action projects through ICIEC’s credit and investment insurance support in African member states common to both.
D-8 Organization for Economic Cooperation Discusses SME Development
The D-8 Organization for Economic Cooperation last week in Abuja discussed SME development and the growth of the Health markets.
It was an opportunity to explore how SMEs can reinvent a competitive market & mapped opportunities for B2B and B2G collaboration.
ITFC Partners UNIDO to Boost Africa’s Cotton Sector
The Islamic Trade Finance Corporation recently partnered with the United Nations Industrial Development Organization, UNIDO, to support the growth of Africa’s Cotton Industry.
Both organizations agreed to work together to assist brands and retailers in achieving more consistent quality and sourcing of their products from African cotton producers who adhere to national and regulatory agricultural practices.
TAJ Bank Bags BAFI 2022 Islamic Bank of the Year
TAJBank, at the 2022 Banks and other Financial Institutions Awards powered by Business Day, received the best Islamic Bank award for the year, acknowledging the innovative solutions, products and services to customers across the country.
The bank is the second full-fledged Islamic Bank to be licensed in Nigeria, and has, since inception, worked tirelessly to create value in the financial market.
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