Category: Africa

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Deputy President Paulus Mashatile on the occasion of commemorating the 125th Anniversary of Mama Charlotte Maxeke's Legacy

Source: President of South Africa –

Deputy President Paul Mashatile has hailed the religious leader, social and political activist, Charlotte Maxeke, as living proof that education is not just a ladder for the individual but also a torch for the collective. 

Deputy President Mashatile delivered the message virtually at the 125th Graduation Anniversary Memorial Lecture held at the CSIR in Pretoria on 20 June 2026. 

The lecture honoured the extraordinary legacy of Mama Charlotte Maxeke. 

This year marks 125 years since Maxeke became the first Black woman in Southern Africa to obtain a university degree, graduating with a Bachelor of Science degree from Wilberforce University in Ohio, United States of America, on 20 June 1901. 

Her groundbreaking achievement opened doors for generations of Africans and laid the foundation for a lifelong legacy of educational advancement, women’s empowerment, social justice, institution building, and African development. 

“When colonialism tried to suppress African voices, when patriarchy tried to confine African women, and when poverty tried to limit African dreams, she defied them all. She brought her learning and experience back to South Africa, founded schools, led women’s organisations , and was in the vanguard of the liberation struggle,” said Deputy President Mashatile. 

Deputy President Mashatile emphasised that Mama Maxeke’s life teaches many that education is more than parchment and degrees. 

“She taught us that learning must uplift the underprivileged, give voice to the voiceless , and open doors where walls once stood. She whispered to us across time that, ‘ If you rise, bring someone with you.'” 

This year marks the 70th anniversary of the Women’s March of 1956. 

Deputy President Mashatile said South Africa is reminded that the liberation of women is the liberation of nations , and that education remains the most powerful weapon against despair, corruption, and violence. 

“Therefore, as we reflect on the towering legacy of Mama Charlotte Maxeke and the rich history of our country, it rests upon our shoulders to safeguard our incredible inheritance of resilience and the championing of equality. It is now in our hands to eliminate Gender-Based Violence and Femicide, to dismantle economic exclusion, and to uproot all forms of discrimination that continue to weigh upon women and girls,” said Deputy President Mashatile. 

Deputy President Mashatile said Maxeke’s voice remains relevant today, emphasising that progress without humanity is meaningless , and innovation without compassion is hollow. Deputy Mashatile urged the youth to take over the torch and preserve her legacy. 

“In these contemporary times of AI, technology , and digitalisation, her legacy advocates for technology that promotes inclusivity and shared knowledge, where each graduate illuminates the path for others, fostering a human-centred approach to technology. Where AI should serve as a tool to enhance opportunities rather than exacerbate exclusion. This enables young people to contribute to the economy and instil a sense of responsibility and excellence in the youth. Indeed, education should serve as a tool for empowerment, guiding future leaders to make impactful changes within their communities and the broader economic landscape,” said Deputy President Mashatile. 

Charlotte Mannya-Maxeke Institute (CMMI) continues to keep her legacy alive through programmes in education, agriculture, skills development, and women’s empowerment. 

For more information contact: Sthembiso Sithole (The Presidency) on 0783564355.

Media enquiries: Mr Keith Khoza, Acting Spokesperson to the Deputy President on 066 195 8840

Issued by: The Presidency
Pretoria
 

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2025 Annual Report: International Islamic Trade Finance Corporation (ITFC) oversaw US$9.35 billion in trade finance approvals and US$7.53 billion in disbursements

Source: APO


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The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank Group has published its 2025 Annual Report, revealing US$9.35 billion in trade finance approvals, US$7.79 billion in intra-OIC trade financing and US$6.35 billion mobilised from partner institutions in 2025, underscoring its role in financing trade, energy and food security across across 144 operations in 25 member countries.

These figures brought cumulative approvals since ITFC commenced operations in 2008 to US$92.10 billion, with disbursements reaching US$77.70 billion. This showcases ITFC’s role in financing trade flows in member countries facing liquidity constraints, trade finance gaps and continued pressure on food and energy supply chains.

ITFC’s 2025 portfolio remained focused on sectors linked to trade continuity and economic activity:

  • Energy approvals reached US$6.47 billion, with financing directed towards fuel, electricity and energy sector needs in member countries
  • Food and agriculture approvals reached US$1.57 billion, assisting strategic commodity imports and food security requirements
  • Financial sector approvals reached US$1.20 billion, including lines of financing through financial institutions
  • Private sector trade finance approvals reached US$1.35 billion, bringing cumulative private sector financing since inception to US$19.60 billion

The report also records ITFC’s partner capital mobilisation during the year. ITFC mobilised US$6.35 billion from public and private sector partners, representing 68 per cent of total approvals. In 2025, ITFC ranked Global #1 Bookrunner and Mandated Lead Arranger in the Bloomberg and LSEG Islamic Syndications League Tables.

Trade development activity also formed part of ITFC’s 2025 delivery. The report outlines trade related technical assistance and integrated solutions initiative in member countries, in addition to programs including the Arab Africa Trade Bridges Programme, the Aid for Trade Initiative for Arab States 2.0, Trade Connect Central Asia Plus and the SMEs Program. These initiatives focus on export capacity, trade facilitation, regional economic cooperation and private sector readiness.

The report also confirms Moody’s reaffirmation of ITFC’s A1 long term foreign currency issuer rating and Prime 1 short term foreign currency issuer rating, with a stable outlook.

The 2025 Annual Report is available here (https://apo-opa.co/3QqV9v7).

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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About the International Islamic Trade Finance Corporation (ITFC): 
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$96 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.

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Rapport annuel 2025 : Société internationale islamique de financement du commerce (ITFC) enregistre 9,35 milliards de dollars US d’approbations de financement du commerce et 7,53 milliards de dollars US de décaissements

Source: Africa Press Organisation – French


La Société internationale islamique de financement du commerce (ITFC) (http://www.ITFC-idb.org), membre du Groupe de la Banque islamique de développement (BID), a publié son Rapport annuel 2025, faisant état de 9,35 milliards de dollars US d’approbations de financement du commerce, de 7,79 milliards de dollars US de financement du commerce intra-OCI et de 6,35 milliards de dollars US mobilisés auprès d’institutions partenaires en 2025 — soulignant son rôle dans le financement du commerce, de l’énergie et de la sécurité alimentaire à travers 144 opérations dans 25 pays membres.

Ces résultats portent le cumul des financements approuvés depuis le début des opérations de l’ITFC en 2008 à 92,10 milliards de dollars US, et celui des décaissements à 77,70 milliards de dollars US. Ils illustrent le rôle de l’ITFC dans le financement des flux commerciaux des pays membres confrontés à des contraintes de liquidité, à des déficits de financement du commerce et à des pressions persistantes sur les chaînes d’approvisionnement alimentaires et énergétiques.

Le portefeuille 2025 de l’ITFC est resté concentré sur les secteurs liés à la continuité des échanges et à l’activité économique :

  • Les financements approuvés dans le secteur de l’énergie ont atteint 6,47 milliards de dollars US, avec des financements destinés aux besoins en carburant et en électricité, ainsi qu’aux besoins du secteur énergétique des pays membres ;
  • Les approbations dans l’alimentation et l’agriculture ont atteint 1,57 milliard de dollars US, en appui aux importations de produits de base stratégiques et aux besoins de sécurité alimentaire ;
  • Les financements approuvés en faveur du secteur financier ont atteint 1,20 milliard de dollars US, incluant des lignes de financement à travers les institutions financières ;
  • Les approbations de financement du commerce en faveur du secteur privé ont atteint 1,35 milliard de dollars US, portant le cumul du financement du secteur privé depuis la création à 19,60 milliards de dollars US.

Le rapport rend également compte de la mobilisation de capitaux partenaires réalisée durant l’année. L’ITFC a mobilisé 6,35 milliards de dollars US auprès de partenaires des secteurs public et privé, soit 68 % du total approuvé. En 2025, l’ITFC s’est classée numéro 1 mondial en tant que teneur de livre (Bookrunner) et arrangeur principal mandaté (Mandated Lead Arranger) dans les classements des syndications islamiques de Bloomberg et de LSEG.

L’activité de développement du commerce a également fait partie des réalisations 2025 de l’ITFC. Le rapport présente les travaux menés à travers les programmes phares, notamment le Programme Arab Africa Trade Bridges (AATB), l’Initiative d’aide pour le commerce en faveur des États arabes (AfTIAS 2.0), Trade Connect Central Asia Plus et le Programme PME. Ces initiatives portent sur les capacités d’exportation, la facilitation des échanges, la coopération économique régionale et la préparation du secteur privé.

Le rapport confirme par ailleurs la réaffirmation par Moody’s de la note A1 d’émetteur à long terme en devises de l’ITFC et de sa note Prime-1 d’émetteur à court terme en devises, assorties d’une perspective stable.

Le Rapport annuel 2025 est disponible ici (https://apo-opa.co/3QqV9v7).

Distribué par APO Group pour International Islamic Trade Finance Corporation (ITFC).

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À propos de la Société internationale islamique de financement du commerce (ITFC) : 
La Société internationale islamique de financement du commerce (ITFC) est membre du Groupe de la Banque islamique de développement (BID). Elle a été créée avec pour objectif principal de promouvoir le commerce entre les pays membres de l’Organisation de la coopération islamique (OCI), contribuant ainsi à l’objectif global d’amélioration des conditions socioéconomiques des populations à travers le monde. Depuis le début de ses opérations en janvier 2008, l’ITFC a fourni plus de 96 milliards de dollars US de financements aux pays membres de l’OCI, s’imposant comme le premier fournisseur de solutions de financement et de développement du commerce répondant aux besoins de ces pays. Avec pour mission de devenir un catalyseur du développement du commerce pour les pays membres de l’OCI et au-delà, la Société aide les entités des pays membres à accéder plus facilement au financement du commerce et leur fournit les outils nécessaires de renforcement des capacités liées au commerce, afin de leur permettre de réussir sur le marché mondial.

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Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Arab Trade Financing Program (ATFP) Deepen Strategic Partnership through Comprehensive Islamic Finance Insurance Framework

Source: APO – Report:

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, and the Arab Trade Financing Program (ATFP) have signed a Bank Master Policy under a Comprehensive Islamic Finance framework, further strengthening their longstanding partnership to facilitate trade, enhance access to finance, and support sustainable economic growth across member countries.

Signed on the sidelines of the IsDB Group 2026 Annual Meetings in Baku, the Bank Master Policy establishes a Shariah-compliant risk-sharing framework to support financing operations arranged by ATFP in the United Arab Emirates. Under the arrangement, ICIEC will provide insurance coverage for eligible transactions, protecting the policyholder against specified commercial risks, including non-payment, while enhancing transaction security and confidence among participating financial institutions.

The signing marks an important step in advancing Islamic trade finance solutions and reflects both institutions’ shared commitment to strengthening economic connectivity, facilitating cross-border commerce, and supporting private sector development.

Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, said: “This Bank Master Policy marks an important step in expanding Shariah-compliant trade finance solutions across our Member States. Through this partnership with ATFP, ICIEC is helping strengthen confidence in trade transactions, mitigate non-payment risks, and enable financial institutions to extend financing with greater certainty. This reflects our continued commitment to supporting sustainable economic growth through practical and impactful risk mitigation solutions.”

As a leading provider of Shariah-compliant credit and political risk insurance, ICIEC continues to facilitate cross-border trade and investment by mitigating risks and mobilising private capital. Through this partnership, ICIEC and ATFP are contributing to a more integrated, resilient, and sustainable trade ecosystem across their member countries.

– on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Media Contact: 
Email: ICIEC-Communication@isdb.org

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About ICIEC:
As a member of the rated Islamic Development Bank (IsDB) Group, ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and Shariah-compliant financial solutions. The Corporation is the only Islamic multilateral insurer in the world. ICIEC has led in delivering a comprehensive suite of solutions to companies and stakeholders across its 51 Member States. For the 18th consecutive year, ICIEC maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top tier of the Credit and Political Risk Insurance (CPRI) industry. Additionally, S&P has reaffirmed ICIEC’s “AA-” long-term Issuer Credit and Financial Strength Rating for the third consecutive year, with a Stable Outlook. ICIEC’s resilience is underpinned by its sound underwriting practices, a robust global reinsurance network, and strong risk management policies. Cumulatively, ICIEC has insured more than USD 138 billion in trade and investment. ICIEC’s activities span several key sectors, including energy, manufacturing, infrastructure, healthcare, and agriculture.

 For more information, Visit: https://ICIEC.IsDB.org

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La Société islamique d’assurance des investissements et des crédits à l’exportation (SIACE) et le Programme arabe de financement du commerce renforcent leur partenariat stratégique grâce à un cadre global d’assurance en finance islamique

Source: Africa Press Organisation – French

La Société islamique d’assurance des investissements et des crédits à l’exportation (SIACE) (https://ICIEC.IsDB.org), assureur multilatéral conforme à la Charia spécialisé dans l’assurance des risques de crédit et des risques politiques et membre du Groupe de la Banque islamique de développement (BID), et le Programme arabe de financement du commerce (ATFP) ont signé une Police-Cadre Bancaire dans le cadre d’un dispositif global de finance islamique. Cet accord vient renforcer leur partenariat de longue date visant à faciliter les échanges commerciaux, améliorer l’accès au financement et soutenir une croissance économique durable dans les pays membres.

Signée en marge des Assemblées annuelles 2026 du Groupe de la BID à Bakou, cette Police-Cadre Bancaire établit un mécanisme de partage des risques conforme à la Charia afin de soutenir les opérations de financement arrangées par l’ATFP aux Émirats arabes unis. Dans ce cadre, la SIACE fournira une couverture d’assurance pour les opérations éligibles contre certains risques commerciaux, notamment le risque de non-paiement, tout en renforçant la sécurité des transactions et la confiance des institutions financières participantes.

Cette signature constitue une étape importante dans le développement des solutions de financement du commerce islamique et reflète l’engagement commun des deux institutions à renforcer la connectivité économique, à faciliter le commerce transfrontalier et à soutenir le développement du secteur privé.

Dr Khalid Khalafalla, Directeur général de la SIACE, a déclaré : « Cette Police-Cadre Bancaire marque une étape importante dans l’élargissement des solutions de financement du commerce conformes à la Charia au sein de nos États membres. Grâce à ce partenariat avec l’ATFP, la SIACE contribue à renforcer la confiance dans les transactions commerciales, à atténuer les risques de non-paiement et à permettre aux institutions financières d’accorder des financements avec une plus grande certitude. Cette initiative reflète notre engagement continu en faveur d’une croissance économique durable à travers des solutions concrètes et efficaces d’atténuation des risques. »

En tant que principal fournisseur d’assurance des risques de crédit et des risques politiques conforme à la Charia, la SIACE poursuit sa mission de facilitation du commerce et de l’investissement transfrontaliers en atténuant les risques et en mobilisant des capitaux privés. Grâce à ce partenariat, la SIACE et l’ATFP contribuent à la mise en place d’un écosystème commercial plus intégré, plus résilient et plus durable au sein de leurs pays membres.

Distribué par APO Group pour Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Contact presse : 
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À propos de la SIACE : 
En tant que membre du groupe de la Banque islamique de développement, bénéficiant d’excellentes notations financières, la Société islamique d’assurance des investissements et des crédits à l’exportation (SIACE) a commencé ses opérations en 1994 afin de renforcer les relations économiques entre les États membres de l’Organisation de la coopération islamique (OCI) et de promouvoir le commerce ainsi que les investissements intra-OCI, grâce à des instruments d’atténuation des risques et à des solutions financières conformes aux principes de la Charia. La Société est le seul assureur multilatéral islamique au monde. Elle a joué un rôle de premier plan en proposant une gamme complète de solutions aux entreprises et aux parties prenantes de ses 51 pays membres. Pour la 18ᵉ année consécutive, la SIACE a conservé sa note de solidité financière « Aa3 » attribuée par Moody’s, la classant parmi les leaders du secteur de l’assurance-crédit et des risques politiques. Par ailleurs, S&P a confirmé la note « AA- » pour la troisième année consécutive, avec des perspectives stables. La résilience de la SIACE repose sur une souscription solide, un réseau mondial de réassurance et des politiques rigoureuses de gestion des risques. Au total, la SIACE a assuré plus de 138 milliards USD de transactions commerciales et d’investissements, couvrant des secteurs clés tels que l’énergie, l’industrie manufacturière, les infrastructures, la santé et l’agriculture.

Pour plus d’informations, veuillez visiter : https://ICIEC.IsDB.org  

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Deputy President Mashatile arrives in the People's Republic of China on a Working Visit

Source: President of South Africa –

Deputy President Paul Mashatile has today, Saturday, 20 June 2026, arrived in the People’s Republic of China on a Working Visit scheduled to take place from 20 to 26 June 2026.

Building on the successful outcomes of the South Africa-China Bi-National Commission held in Cape Town in March 2026, and co-chaired by Deputy President Mashatile and Vice President Han Zheng of the People’s Republic of China, the visit seeks to further advance cooperation between the two countries in areas of mutual interest.

During the Working Visit, the Deputy President will participate in the Fourth China International Supply Chain Expo (CISCE), at the invitation of the Chairman of the China Council for the Promotion of International Trade (CCPIT), Mr Ren Hongbin.

This will be the Deputy President’s second participation in the Expo, following his attendance at the Third CISCE in July 2025, where he advanced the South Africa-China All-Round Strategic Cooperative Partnership in the New Era and reinforced South Africa’s position as a gateway to Sub-Saharan Africa for trade, investment and industrial cooperation.

The Deputy President will also hold a bilateral meeting with His Excellency Mr Han Zheng, Vice President of the People’s Republic of China.

As part of efforts to strengthen economic ties and explore opportunities for investment and industrial cooperation, the Deputy President will engage with leading Chinese companies, including China Communications Construction Company, Geely Auto, Green Minerals and Metals, Beijing GeoEnviron Engineering, China State Construction Engineering Corporation, Chery and SANY Group. The engagements will focus on infrastructure development, advanced manufacturing, technology innovation, industrialisation and sustainable economic growth.

The Deputy President will thereafter travel to Shenzhen, Guangdong Province, from 25 to 26 June 2026, to build on the outcomes of the 2024 Shenzhen Presidential Business Forum. 

During the Shenzhen leg of the visit, the Deputy President will continue engagements with business leaders, to reflect South Africa’s commitment to building sustainable partnerships with Chinese private and state-linked enterprises.

The Deputy President is accompanied by the Deputy Minister of Trade, Industry and Competition, Mr Zuko Godlimpi as well as senior government officials. 

Media enquiries: Mr Keith Khoza, Acting Spokesperson to Deputy President Mashatile on +27 66 195 8840

Issued by: The Presidency
Pretoria

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Key Outcomes from Islamic Development Bank’s (IsDB) 14th Private Sector Forum in Azerbaijan 2026

Source: APO – Report:

The Islamic Development Bank Group (IsDBG) (www.IsDB.org) affiliated institutions organized the 14th Private Sector Forum from June 16 to 19, 2026, at Baku Convention Center in Baku (Republic of Azerbaijan). The forum was convened on the sidelines of the Group’s annual meetings, under the high patronage of His Excellency Ilham Aliyev, President of the Republic of Azerbaijan.

The Islamic Development Bank Group’s Private Sector Forum witnessed a wide turnout, with more than 1400 participants from 60 countries. It featured active participation from the local, regional, and international private sectors. The program included 17 events and panel discussions, with the involvement of more than 70 speakers and 40 exhibitors.

For the fourth consecutive year, the forum presented the “Private Sector Award” to outstanding companies and financial institutions in recognition of their contributions to economic development, trade facilitation, investment, and risk management.

Additionally, the forum saw the signing of 32 agreements and memoranda of understanding, amounting to over $.4.7 billion. A startup competition was also held, with participation from more than 220 startups and business incubators. More than 250 bilateral meetings (B2B and B2G) were conducted to enhance trade, investment, and partnership relations among member countries.

The forum showcased the IsDB Group’s activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the Republic of Azerbaijan. The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group’s suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others.

The forum agenda featured a series of dialogue sessions and workshops addressing key economic themes and development projects. Participants also attended presentations on trade and investment opportunities.

The forum attracted high-level participation from Azerbaijan government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions.

In his opening remarks, His Excellency Dr. Mohammed Al Jasser, Chairman of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: “At the Islamic Development Bank Group, we firmly believe that the private sector is not a supporting actor in development, it is the lead actor. Our role is clear: to remove obstacles, reduce risks, and open doors. We will continue to stand as a committed partner, mobilizing finance, mitigating risk, and enabling trade and investment that drive inclusive, resilient, and sustainable growth”

Dr. Khaled Yousef Khalafallah, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that “the Private Sector Forum witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development.

He added, “Since its inception, ICIEC has provided cumulative insurance coverage exceeding USD 139 billion, including USD 108 billion to support trade flows and USD 31 billion to facilitate investment. Leveraging a robust global reinsurance network, the Corporation has mobilized significant cumulative reinsurance capacity from the private reinsurance market. Through transactions across vital sectors including agriculture, renewable energy, infrastructure, manufacturing, and healthcare, ICIEC continues to drive meaningful development impact across its Member States. Regarding the ICD, Dr. Khalid stated “Since its inception in 1999, the Islamic Corporation for the Development of the Private Sector (ICD) has played a pivotal role in fostering development, empowering businesses, promoting entrepreneurship, and supporting sustainable economic growth. Its diversified investments have had a tangible impact on communities by enabling transformative projects, facilitating partnerships, and building capacity. Since inception, the corporation has achieved USD7.1 billion in approvals and over USD 5.6 billion in disbursements. ICD interventions cover various sectors, including finance, infrastructure, agriculture, manufacturing, and energy, and it has investment operations in its member countries, underscoring the broad geographic and sectoral reach of ICD operations.”

On his part, Eng. Adeeb Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated, “The 14th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business investors greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.

He added, “Since its launch in 2008, ITFC has extended over $96 billion USD in financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, $20 billion USD was allocated to enhance SMEs competitiveness – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets.”

For more information, please visit the event website (www.IsDBG-PSF.org).

– on behalf of Islamic Development Bank Group (IsDB Group).

Media Contacts: 
ICIEC:
Email: ICIEC-Communication@isdb.org

ITFC:
Tel: +966 12 646 8337
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E-mail: ITFC@itfc-idb.org

THIQAH: 
Email: THIQAH@isdb.org

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LinkedIn: IsDB Group Business Forum – THIQAH

About The Islamic Development Bank (IsDB): 
Rated AAA by the major rating agencies of the world, the Islamic Development Bank is the pioneering multilateral development bank (MDB) of the Global South that has been working for over 50 years to improve the lives of the people and communities it serves by delivering impact at scale. The Bank brings together 57 Member Countries across four continents, touching the lives of nearly 1 of 4 people worldwide. It is committed to addressing development challenges and promoting collaboration to help achieve the United Nations Sustainable Development Goals (SDGs) by equipping people to drive their own green economic and sustainable social progress, putting planet-friendly infrastructure in place and enabling them to fulfil their potential. Headquartered in Jeddah, Kingdom of Saudi Arabia, IsDB has 10 regional hubs and a center of excellence.  Over the years, the Bank has evolved from a single entity into a group comprising: the Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI); the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); the Islamic Corporation for the Development of the Private Sector (ICD); and the International Islamic Trade Finance Corporation (ITFC).

About the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): 
Established in 1994, ICIEC seeks to strengthen economic relations and stimulate trade and investment among OIC member countries through the provision of risk mitigation instruments and financial solutions. It remains the world’s only multilateral insurer operating in compliance with Islamic Sharia.

ICIEC currently serves 50 countries and has maintained its “Aa3” insurance credit rating from Moody’s for 17 consecutive years – the among credit and political risk insurers. It also received a first-time long-term credit rating of AA- from Standard & Poor’s with a stable outlook. The Corporation’s resilience is underpinned by sound underwriting, reinsurance and risk management practices. To date, ICIEC has cumulatively insured over 121 billion USD in trade and investment across key sectors, including energy, manufacturing, infrastructure, healthcare, and agriculture.

For more information, visit: http://ICIECi.IsDB.org ,

About the Islamic Corporation for the Development of the Private Sector (ICD):
A member of the Islamic Development Bank Group, ICD is a multilateral financial institution with an authorized capital is 4 billion USD, of which 2 billion USD is available for subscription. Its shareholders comprise the Islamic Development Bank, 56 member countries, and five public financial institutions.

Since its inception in 1999, the Corporation has played a pivotal role in fostering inclusive and sustainable growth through Shariah-compliant financing, cross-border investments, and vital infrastructure development. ICD has  contributed significantly to enhancing the economic landscape of its member countries.

Website: https://ICD-PS.org

About the International Trade Finance Corporation (ITFC): 
A member of the Islamic Development Bank Group, ITFC was established to promote trade among OIC member countries, contributing to their economic development and social well-being. Since commencing operations in January 2008, ITFC has provided over 83 billion USD in trade finance, becoming a leader in delivering tailored trade solutions.

The Corporation’s mission is to serve as a catalyst for trade development, helping member countries access finance and capacity building programs to enhance competitiveness and global market integration.

About the Islamic Development Bank Group Business Forum (THIQAH): 
THIQAH serves as the private sector interface of the IsDB Group, facilitating engagement and collaboration between the Group entities and businesses in member countries. Its core aim is to build an inclusive, strategic platform for dialogue, cooperation and partnerships focused on high potentials investment opportunities.

By leveraging IsDB Group resources, THIQAH offers support services  and confidence  to investors while promoting cross-border investment flows withing member countries. Website (www.IDBGBF.org)

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Hlabisa calls for active citizen participation in Local Government Elections

Source: Government of South Africa

Hlabisa calls for active citizen participation in Local Government Elections

As South Africa prepares to elect local government leaders who will shape the future of municipalities and communities across the country, Cooperative Governance and Traditional Affairs (COGTA) Minister Velenkosini Hlabisa has emphasised the importance of broad public participation in the electoral process.

Hlabisa, who serves as Chairperson of the Inter-Ministerial Committee (IMC) on the 2026 Local Government Elections, said the elections give citizens an opportunity to choose leaders who are directly responsible for delivering services and driving development in their communities.

“The decisions taken by municipalities affect the daily lives of residents, from water and sanitation to roads, electricity, local economic development and community safety,” Hlabisa said.

He called on all eligible South Africans to register to vote or check their particulars during the upcoming voter registration weekend announced by the Electoral Commission of South Africa (IEC).

The Electoral Commission has set 20 June 2026 and Sunday 21 June 2026 as the official voter registration weekend. Voting stations across the country will be open from 08:00 to 17:00 on both days, to enable new voters to register and existing voters to update their registration details.

“I encourage all eligible South Africans to register and ensure that their details are up to date. An inclusive and credible electoral process begins with voter registration. Every eligible citizen must seize this opportunity to make their voice count,” the Minister said.

People eligible to register to vote are South African citizens, at least 16 years old, and in possession of a green bar-coded ID book, smart ID card, or temporary identity certificate.

The Minister noted while citizens may register from the age of 16, they may only vote once they have reached the age of 18.

He called on all eligible citizens, especially young people, and first-time voters to play their part in strengthening South Africa’s democracy by participating in the registration weekend.

Citizens can also register to vote or update their registration details online through the IEC’s official registration portal, available 24 hours a day at https://registertovote.elections.org.za

Warning against online scams

The Minister also urged South Africans to remain vigilant against online scams, and to ensure that they only use official IEC platforms when registering or updating their details.

“The right to vote was hard won through decades of struggle and sacrifice. Many brave South Africans dedicated their lives to securing the democratic freedoms we enjoy today, and some never had the opportunity to cast a vote in a democratic South Africa.

“By registering to vote, we honour those who fought for our freedom and confirm our commitment to democracy. Our democracy is founded on the will of the people, and every vote contributes to building accountable, responsive, and developmental local government,” Hlabisa said. – SAnews.gov.za
 

 

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Voter registration weekend gets off on ‘overwhelmingly positive note’

Source: Government of South Africa

Voter registration weekend gets off on ‘overwhelmingly positive note’

South Africans are turning out in their numbers across the country as the Electoral Commission’s (IEC) voter registration weekend for the 2026 Local Government Elections gets under way.

At a media briefing on Saturday, the commission’s Masego Sheburi revealed that some 330 000 voter registration applications were processed by noon.

He noted that nearly all voting stations were open and operating smoothly by 8am with those not opening on time “due to community protests”.

“The voter registration weekend…has started off on an overwhelmingly positive note in 23 706 voting stations.

“Just over 300 000 transactions were processed on the VMD [voter management device] at voting stations, while 30 000 were applications on the online platform. Predictably, provinces with population densities account for the majority of the transactions with KwaZulu-Natal, Gauteng and the Eastern Cape recording the highest applications.  

“Early indications point to young persons as the majority of applicants,” Sheburi said.

Furthermore, the commission’s contact centre has facilitated and assisted some “640 voters through direct queries, alongside 221 interactions via social media platforms”.

“The commission expresses its appreciation to the many South Africans who have participated in the registration process since this morning. The turnout recorded thus far reflects an encouraging commitment to democratic participation,” he said.

Documentation needed

Voter registration stations will remain open until 5pm on Saturday and Sunday and eligible citizens are reminded to register in the district where they reside.

Once registered, you will only be able to vote at that station.

“Voters are reminded that a valid South African identity document [liked] a green barcoded identity book, smart ID card, or valid temporary identity certificate issued by the Department of Home Affairs, is required to complete their registration or update their details.

“The Department of Home Affairs remains open to facilitate access to the documentation required for voter registration.

“Although proof of address is not required for registration, providing an address or a description of a place of ordinary residence remains important to enable the chief electoral officer to allocate voters to the correct segment of the voters’ roll,” Sheburi explained.

Eligible citizens may also register online at registertovote.elections.org.za.

Voters can also verify registration details on the IEC app, by contacting the Commission’s contact centre on 0800 11 8000 or by sending their identity number via SMS to 32810.

“The online registration portal will remain open until midnight on the day the election is officially proclaimed by the Minister of Cooperative Governance and Traditional Affairs, after which voter registration and updates to registration details will close. 

“The commission also extends its gratitude to political parties, community leaders, civil society organisations, traditional leaders, security agencies and all stakeholders for supporting the registration process,” Sheburi added.

The 2026 Local Government Elections will be held on 4 November 2026. – SAnews.gov.za

 

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5th Islamic Development Bank (IsDB) Group Startups & Innovation Pitch Competition 2026 Concludes in Baku, Recognizing Nine Outstanding Startup Winners

Source: APO

The Islamic Development Bank (IsDB) Group (www.IsDB.org) successfully concluded the 5th IsDB Group Startups & Innovation Pitch Competition 2026 during the IsDB Group Annual Meetings and Private Sector Forum held in Baku, Azerbaijan.

Organized under the theme “Empowering Innovation, AI, Finance, Trade, and Entrepreneurship Across OIC Markets”, the competition brought together entrepreneurs, innovators, investors, policymakers, and development partners from across IsDB Member Countries to showcase innovative solutions addressing key development challenges.

The 2026 edition attracted more than 220 startup applications across six strategic innovation tracks: Artificial Intelligence & Deep Tech, AgriTech & Food Security, FinTech & Cybersecurity, Sustainability & Climate, Supply Chain & Smart Cities, and Human Development & Health. Following a rigorous evaluation process, selected startups participated in a three-day Bootcamp in Baku, receiving mentorship, investment-readiness training, and pitch coaching from leading local and international experts.

The competition culminated in the Global Demo Day, where twelve finalist startups presented their innovations before an international jury comprising representatives from government institutions, development organizations, venture capital firms, and entrepreneurship networks.

Following the jury’s deliberations, the competition concluded with the recognition of three outstanding startups, each demonstrating exceptional innovation and impact across key strategic sectors.

The First Place Champion award was granted to BIOSHELL, represented by Mr. Gurban Davudov, in the Sustainability, Climate & Infrastructure track. BIOSHELL was recognized for its innovative approach and strong potential to contribute to sustainable development and environmental resilience.

The Second Place Champion distinction was awarded to Bayuti, represented by Mr. Anouar Adham, under the FinTech, Digital Payments & Cybersecurity track. Bayuti impressed the jury with its forward-thinking financial solutions and commitment to advancing secure digital ecosystems.

The Third Place Champion honoured went to Park Hub Baku, represented by Mr. Orman Sultany, competing in the Supply Chain & Smart Cities track. The startup was acknowledged for its cutting-edge solutions addressing urban mobility and smart infrastructure challenges.

These winning startups exemplify innovation, entrepreneurial excellence, and the transformative potential of technology-driven solutions across diverse industries.

In addition, The six startups were recognized as Track Laureates:

  • AIRT – Artificial Intelligence & Deep Tech
  • Smart Sagro – AgriTech & Food Security
  • Derad Network – Supply Chain & Smart Cities
  • Climasel – Sustainability, Climate & Infrastructure
  • Proedia – Human Development, Health & Social Services
  • Mink Platform – FinTech, Digital Payments & Cybersecurity

The winners were honored during an official Awards Ceremony attended by senior IsDB Group leadership, representatives of the Government of Azerbaijan, development partners, investors, and key stakeholders from the innovation ecosystem.

The competition forms part of the IsDB Group’s broader commitment to promoting innovation-driven growth, strengthening entrepreneurial ecosystems, supporting youth-led enterprises, and fostering regional collaboration across Member Countries.

Through the IsDB Group Startups & Innovation Platform, entrepreneurs gain access to mentorship, strategic partnerships, investment opportunities, and international market exposure. As innovation continues to play an increasingly important role in economic transformation, the IsDB Group remains committed to empowering the next generation of innovators and supporting sustainable and inclusive development across the OIC region.

About the IsDB Group Startups & Innovation Pitch Competition

The IsDB Group Startups & Innovation Pitch Competition is a flagship initiative designed to identify, support, and accelerate high-potential startups across IsDB Member Countries. Competition provides entrepreneurs with opportunities to access technical support, capacity-building, investment networks, and global visibility while promoting innovation as a driver of sustainable development and economic growth.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

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