Beni: Prison Officers Trained by Mission de l’Organisation des Nations unies en République démocratique du Congo (MONUSCO) on Preventing Radicalization in Detention Facilities


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Twenty-five Congolese prison administration officers from the Beni region in North Kivu, including four women, took part in a training session on June 10, 2025, focused on preventing radicalization and violent extremism of detainees. Organized at Kangbayi Urban Prison by MONUSCO’s Prison Administration Support Unit in Beni, the training aimed to strengthen prison staff capacity in managing inmates at risk of radicalization.

The session covered the definitions of radicalization and violent extremism, identification of risk factors, indicators of prison radicalization, and best practices for prevention, management, and reintegration of affected detainees. Particular emphasis was placed on the need for an approach that respects the rights and dignity of incarcerated individuals.

Like many penitentiary facilities in the Democratic Republic of Congo, Kangbayi Prison houses a diverse inmate population. Located in a conflict-affected area, it holds a significant number of armed group members, including elements of the ADF, Maï-Maï militias, and more recently, the AFC/M23. Around 400 individuals are currently detained for offenses related to armed activity.

The prison director, Tsongo Makelele, highlighted the challenges:
“It has been observed at the national level that some inmates become radicalized within prison walls. Beni prison houses individuals from armed groups, especially the ADF, and others involved in the eastern DRC conflicts. With only two cells, it’s difficult to ensure proper separation between different categories of inmates.”

In light of the risk of extremist ideologies spreading, he welcomed the training:
“Our staff now have tools to prevent radicalization. It’s a critical issue for the security of the facility. When a radicalized inmate adopts a violent or extremist posture, it poses a real threat. Equipping our personnel with the skills to anticipate and manage this phenomenon is essential.”

This training is part of MONUSCO’s broader efforts to strengthen the resilience of penitentiary institutions in eastern DRC.

Distributed by APO Group on behalf of Mission de l’Organisation des Nations unies en République démocratique du Congo (MONUSCO).

Egypt: President El-Sisi Speaks with German Chancellor

Source: Africa Press Organisation – English (2) – Report:

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Today, President Abdel Fattah El-Sisi spoke by phone with German Chancellor Friedrich Merz.

The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said President El-Sisi congratulated the German Chancellor on his well-deserved victory in the German elections, which reflected the confidence of the German people. The President wished the new government success in its ambitious plans to consolidate Germany’s pivotal role on the European and international arenas. The President noted that the current situation is of paramount importance in light of the accelerating regional and international changes and the urgent need to respect established international rules and principles and international law, in alignment with Germany’s efforts and expertise over recent decades.

The German Chancellor expressed his appreciation for the kind gesture and emphasized his country’s commitment to maintaining close relations with Egypt. Both sides affirmed their commitment to strengthening and deepening bilateral relations in all fields, particularly economic, trade, and investment, as well as enhancing development cooperation, thus strengthening ties between the two friendly peoples.

The call focused on the current regional and international developments. President El-Sisi reviewed ceasefire efforts in Gaza and stressed that it was important for the international community to exert pressure for an immediate cessation of military operations in the Strip and the provision of humanitarian aid, in addition to the complete rejection of plans to displace Palestinians from their land. The President noted the importance of expanding recognition of the Palestinian state in line with the two-state solution.

The call also touched on the developments in Syria, Lebanon, Libya, Sudan, and Somalia, as well as ways to restore stability in the Middle East. The German Chancellor affirmed his country’s commitment to continuing coordination and consultation with Egypt to restore regional calm and peace.

– on behalf of Presidency of the Arab Republic of Egypt.

Kenya Bolsters Immunisation Drive as Cabinet Secretary (CS) Hon. Aden Duale Flags Off 6.2 Million Vaccine Doses to Counties

Source: Africa Press Organisation – English (2) – Report:

Health Cabinet Secretary Hon. Aden Duale  flagged off 3 million doses of BCG (used to prevent tuberculosis) and 3.2 million doses of Oral Polio Vaccine (OPV) at Afya House, Nairobi, marking a major boost to Kenya’s national immunisation programme.

During the flag-off, the CS called on all county governments—through the Council of Governors (CoG) and their County Executive Committee Members (CECMs) for Health—to prioritise the collection of the vaccines from regional depots and ensure timely distribution to health facilities, particularly in remote and underserved areas.

Hon. Duale commended the government for moving with urgency to facilitate the delivery of the vaccines, describing it as a strong demonstration of Kenya’s commitment to safeguarding the health of its children.

He acknowledged immunisation partners, including UNICEF, for their rapid procurement and delivery of the vaccines, and reaffirmed the Ministry’s commitment to working closely with all stakeholders to minimise disruptions and sustain the country’s immunisation momentum.

Parents and Caregivers across the country are encouraged to visit local health facilities to have their children vaccinated and catch up on any missed doses.

The CS was joined by Principal Secretaries Dr. Ouma Oluga (Medical Services) and Ms. Mary Muthoni (Public Health and Professional Standards), Director General for Health Dr. Patrick Amoth, CoG CEO Ms. Mary Mwiti, and representatives from UNICEF and the World Health Organization.

– on behalf of Ministry of Health, Kenya.

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Kenya: Cabinet Secretary (CS) Hon. Aden Duale Briefs Parliament on Social Health Insurance Tariff Regulations at Bunge Towers

Source: Africa Press Organisation – English (2) – Report:

Health Cabinet Secretary Hon. Aden Duale today appeared before the National Assembly Committee on Delegated Legislation, chaired by Ainabkoi MP Hon. Samuel Chepkonga, to discuss the Social Health Insurance (Tariffs for Healthcare Services) Regulations, 2025 (Legal Notice No. 56 of 2025). The session was held at Bunge Towers, Nairobi.

During the engagement, Hon. Duale provided a comprehensive briefing on the scope of services covered under the tariff structure, anchored on the three key health funds established under the Social Health Authority:

  1. Primary Health Care Fund – Supports access to preventive and basic healthcare services, with a focus on community-level interventions, disease prevention, and health education.
  2. Social Health Insurance Fund – Provides coverage for essential medical services, targeting routine and necessary treatments to ensure members receive comprehensive healthcare.
  3. Emergency, Chronic and Critical Illnesses Fund – Offers financial protection for high-cost and urgent medical needs, including long-term and specialised care.

The CS also explained the use of means testing during SHA registration to determine eligibility for government support based on income and assets. He highlighted the Lipa SHA Pole Pole initiative—an instalment-based contribution model—and the planned shift from monthly to annual payment cycles to enhance flexibility and compliance.

Hon. Duale reaffirmed the Ministry’s commitment to good governance, transparency, and robust public participation in the formulation of statutory instruments, in line with the Statutory Instruments Act, Cap. 2A.

He was accompanied by Principal Secretary for Medical Services Dr. Ouma Oluga, Director General for Health Dr. Patrick Amoth, and Social Health Authority CEO Dr. Mercy Mwangangi.

– on behalf of Ministry of Health, Kenya.

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Namibia: The Chinese Embassy Donates Mattresses to Local Hospital

Source: Africa Press Organisation – English (2) – Report:

On June 6, the Chinese Embassy in Namibia donated a batch of mattresses to pediatric patients in Gobabis District Hospital. Namibian Officials including Hon. Pijoo Nganate, Governor of Omaheke Region, Hon. Ruth Masake, Deputy Minister of Agriculture, Fisheries, Water and Land Reform, Ms. Tuyakula Haipinge, Executive Director of the Office of the Prime Minister attended the handover ceremony and gave speeches respectively. The Namibian Broadcasting Corporation (NBC) covered the event on the scene.

In her speech on behalf of Namibian Prime Minister Rt. Hon. Dr. Elijah Ngurare, Ms. Haipinge expressed sincere gratitude to the Chinese government for its long-term strong support in the areas of health, education, agriculture to Namibia in achieving national objectives. Governor Nganate and Deputy Minister Masake said that the mattresses donated by the Chinese Embassy are very handy for child patients in the hospital to get through winter warmly.

On behalf of Ambassador Zhao Weiping, Minister Counselor Shen Jian delivered a speech saying that the sector of health has always been a priority for China’s development assistance cooperation with Namibia. During the FOCAC 2024 Beijing Summit, President Xi Jinping announced that China will work with Africa to take Ten Partnership Actions for Modernization, which included the partnership action for health. China is actively implementing relevant achievements and is ready to work with Namibia to strengthen cooperation in the field of health.

– on behalf of Embassy of the People’s Republic of China in the Republic of Namibia.

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Niger’s Economy Rebounds in 2024 Thanks to Large-Scale Oil Exports and a Good Agricultural Season

Source: Africa Press Organisation – English (2) – Report:

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Niger’s economy recorded robust growth in 2024, driven by large-scale oil exports. However, short-term sources of growth remain limited and exposed to downside risks, according to the World Bank’s latest economic update for Niger, published today.

The report analyzes the country’s economic, and poverty trends and provides a three-year outlook. A special chapter is dedicated to analyzing Niger’s agri-food system, offering recommendations for its effective transformation.

According to the report, Niger’s economy grew by 8.4% in 2024, up from 2% in 2023. This acceleration was primarily fueled by the start of large-scale oil exports and strong agricultural production, supported by favorable weather conditions. Despite high inflation, including rising food prices, sustained growth contributed to a reduction of extreme poverty. Government revenues fell in 2024 due to a decrease in tax revenues – particularly trade-related taxes – leading to a reduction in investment spending. The resulting deficit, combined with a rapid accumulation of debt, led the IMF and World Bank to jointly downgrade Niger’s debt sustainability risk rating from moderate to high.

Economic growth is expected to remain relatively high in the short-term, but Niger’s sources of growth – oil and rain-fed agriculture – are limited and vulnerable to shocks and volatility,” said Han Fraeters, World Bank Country Manager for Niger. “Investing in an efficient and resilient agri-food system is crucial if Niger is to achieve long-term, sustainable, and inclusive growth.”

Economic growth is projected to slow down in 2025, due to a high base effect from 2024 but is expected to remain above 6%, supported by the continued expansion of the oil sector. Inflation is expected to ease, thanks to the strong 2024 harvest. The extreme poverty rate is project to decline in 2025-2027 if agricultural output remains robust. However, food insecurity will remain a challenge.

If security risks are contained and efforts to expand irrigation are successful, growth could be higher,” said Danon Gnezale, Economist at the World Bank and co-author of the report. “Several options exist to strengthen the agri-food system, including strengthening value chains and producer organizations, investing in climate-smart agriculture technologies, adopting better regulations, and improving infrastructure.”

– on behalf of The World Bank Group.

African Energy Chamber (AEC) Launches Specialized Advisory Services to Support African Energy Investments

The African Energy Chamber (AEC) (EnergyChamber.org) – representing the voice of the African energy sector – has launched specialized Advisory Services to support the development of the African energy sector. Aligned with the organizations broader mandate to improve the landscape of the African energy sector and support a results-focused business environment for companies operating across the market, these services are tailored to the oil, gas and petrochemical sectors, supporting clients through the full project lifecycle.

Building on the AEC’s extensive African and international footprint, the Advisory Services will support business transactions, foreign investments and Merger & Acquisitions (M&A) in Africa, and are geared towards alleviating energy poverty by unlocking greater value from the continent’s resources. AEC capabilities in this regard include comprehensive project planning and execution support; investment-grade feasibility studies and financial modeling; and stakeholder alignment and communication strategies. The AEC also offers services related to the application of industry-leading practices to optimize returns and drive growth as well as advisory on regulatory compliance, market entry and risk mitigation. These services will not only enable clients to invest strategically across key markets in Africa, but maximize their returns on investment, boosting profitability and continental expansion.

Beyond Advisory Services, the AEC also offers specialized expertise in identifying and executing high-value investment opportunities across Africa’s petroleum value chain. Leveraging its international footprint, expertise in strategic markets across Africa and strong public and private sector ties, the organization is committed to supporting mutually-beneficial investments in Africa. The AEC’s key capabilities in this area include origination and advisory of upstream, midstream and downstream investments; pre-feasibility studies, contractor representation and project structuring; technical services, including engineering, maintenance and material sourcing; and strategic planning and operational guidance to maximize investment performance. These services not only provide international financiers and project developers with the tools they need to succeed in Africa but underscore the role the AEC plays as the partner of choice for energy stakeholders seeking growth opportunities across the continent.  

These services come as Africa’s energy industry is on the precipice of witnessing significant growth, as international operators expand their portfolios, regional players increase their investments and petroleum demand continues to grow across the continent. The AEC’s State of African Energy 2025 Outlook Report shows that investment remains strong in 2025, with total capital expenditure estimated at $43 billion. By 2030, investment is expected to increase to $54 billion, highlighting the continent’s attractiveness as an energy investment destination. In tandem, African M&A activity has shown robust growth, rising 73% in Q1, 2024 compared to 2023 levels. This was largely attributed to growing interest by Asian and Middle Eastern national oil companies (NOC) in Africa as well as regional expansion by African NOCs.

Looking ahead, M&A activity is expected to continue to grow as companies seek new opportunities in both established and frontier markets. In response, African countries are offering greater investment opportunities. In North Africa, these include upcoming bid rounds in Libya (22 blocks), Egypt (12 blocks) and Algeria (6 blocks). In East and Southern Africa, these include Angola (10 blocks) and Tanzania (24 blocks), while South Africa is expected to open offshore and onshore acreage. Mauritania is also preparing to launch a 15-block licensing round while Nigeria and Liberia have both launched bid rounds in 2024. As market opportunities continue to open up, countries are also reforming their regulatory and fiscal policies, seeking to entice investment through competitive terms. Given the complexity of oil and gas transactions, understanding these changes as well as the respective regulatory climates of African countries become imperative. The AEC – through its range of investment and advisory services – represents a strong partner for companies seeking to invest and sign deals in Africa.

“The AEC has set a strong mandate to make energy poverty history in Africa, and to do this, the organization has committed to working closely with African governments, international operators and financiers. Through a combination of sector expertise, technical proficiency and market insight, the AEC enables clients to capture value, manage risk and achieve sustainable growth in complex energy markets,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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OPEC Fund Development Forum 2025: A Global Call for Inclusive Growth, Equitable Transition and South-South Cooperation

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) will convene global leaders, policymakers and innovators for its fourth Development Forum on Tuesday, June 17, 2025, in Vienna, Austria, under the theme A Transition that Empowers Our Tomorrow. The Forum will spotlight inclusive growth, climate resilience and the power of South-South cooperation in advancing equitable and sustainable development.

OPEC Fund President Abdulhamid Alkhalifa will open the Forum alongside President Mohamed Ould Ghazouani of Mauritania and Minister of Finance Mohammed Aljadaan of Saudi Arabia. Senior government officials from across Africa, Asia, the Middle East, Latin American and the Caribbean, along with heads of multilateral institutions, will join forces to drive solutions to some of the world’s most pressing challenges.  

President Alkhalifa said: “Today’s interconnected crises – from climate change to economic volatility – demand institutions that are agile, responsive and resolute. The OPEC Fund stands firmly with our partners and with the Global South. Our Development Forum is not just a platform for dialogue – it is a catalyst for collective action and transformative impact. Together, we can transform adversity into opportunity.”

The 2025 Forum will tackle four high-impact themes: financing development, climate resilience, digital inclusion and sustainable transitions for vulnerable economies. Sessions will focus on generating actionable ideas and partnerships that can accelerate progress toward the delivery of the Sustainable Development Goals. A series of cooperation agreements will be signed to further strengthen South-South partnerships.

Confirmed speakers at the OPEC Fund Development Forum include the Vice-President and Minister of Finance of the Republic of Botswana, Ndaba Nkosinathi Gaolathe, the Prime Minister of São Tomé and Príncipe, Américo d’Oliveira dos Ramos; the Prime Minister of the Solomon Islands, Jeremiah Manele; the Minister of Finance of Nigeria, Adebayo Olawale Edun; the Minister of Economy of Azerbaijan, Mikayil Jabbarov; the  Minister of Planning and International Cooperation of Guinea, Ismaël Nabé; the Minister of Finance of Nepal, Ghanshyam Upadhyaya; and the Minister of Finance and Economic Planning of Rwanda, Yusuf Murangwa.

Institutional leaders participating include the President-elect of the African Development Bank (AfDB) and current President of the Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah; the Executive President of CABEI,  the Central American Bank for Economic Integration, Gisela Sánchez; the Executive President of CAF, Development Bank of Latin America and the Caribbean, Sergio Díaz-Granados; the President of the Caribbean Development Bank, Daniel M. Best, and the Chairman of the Islamic Development Bank (IsDB), Muhammad Sulaiman Al Jasser.  

On June 16, one day prior to the Development Forum, the OPEC Fund will host the annual meeting of the Heads of Institutions of the Arab Coordination Group (ACG), followed by a high-level roundtable on Mauritania with President Ghazouani to mobilize coordinated support for Mauritania’s national development priorities, particularly in energy, food security and infrastructure.

The week’s activities will culminate with the OPEC Fund Ministerial Council and Governing Board meetings on June 18, where new projects supporting sustainable development will be approved.

For the full agenda and speaker list of the OPEC Fund Development Forum 2025, visit: https://apo-opa.co/4mYxTjp

Distributed by APO Group on behalf of OPEC Fund.

Contact:
Telephone: +43-1-515 64-0
Fax: +43-1-513 92 38
www.OPECFund.org

About the OPEC Fund:
The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.

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Burundi: Elections Without Opposition

Legislative and local elections in Burundi on June 5, 2025, took place in a context of severely restricted free speech and political space, Human Rights Watch said today. 

The Independent National Electoral Commission (Commission électorale nationale indépendante, CENI) announced on June 11 during a press conference that the ruling party had won 96.5 percent of votes and all elected national assembly seats. The ruling party also won almost every seat in the commune-level election. Ruling party officials and youths intimidated, harassed, and threatened the population and censored media coverage to secure a landslide victory. 

“Burundians voted in an atmosphere devoid of genuine political competition as the ruling party further consolidated power,” said Clémentine de Montjoye, senior Great Lakes researcher at Human Rights Watch. “Against a backdrop of growing discontent over a deepening economic crisis and systemic human rights failings, the ruling party took no chances in the elections.”

The National Council for the Defense of Democracy-Forces for the Defense of Democracy (Conseil national pour la défense de la démocratie-Forces pour la défense de la démocratie, CNDD–FDD), in power since 2005, has sought to dismantle all meaningful opposition, including from its main rival, the National Congress for Freedom (Congrès national pour la liberté, CNL). Several opposition parties, including the CNL, the Patriots’ Council (Conseil des Patriotes, CDP), and the Union for National Progress (Union pour le progrès national, UPRONA) denounced irregularities in the vote. Senatorial and further local elections are scheduled for July 23 and August 25, respectively, and the next presidential polls will be in 2027.

In the days following the vote, Human Rights Watch spoke with local activists, journalists, private citizens, and a member of the ruling party’s youth league – the Imbonerakure – who spoke of intimidation and irregularities in both the lead-up to the election and during the voting.

Media reports and witness accounts indicate that the voting on June 5 was overwhelmingly dominated by the ruling party. “The Imbonerakure were in front of the polling station telling people to vote for the ruling party,” said a voter in the town of Bururi. “All the workers at the polling station were members of the ruling party. The head of the polling station himself told me to vote for the ruling party.” 

People interviewed in Bujumbura, the country’s largest city, Cibitoke, and Rumonge described similar scenes at their polling places. A Burundian civil society organization reported the same patterns in Bubanza, Gitega, Makamba, and Ngozi. “We were told to do everything necessary to make sure that people only voted for the CNDD-FDD,” the Imbonerakure member said. 

Opposition parties and witnesses said that opposition party representatives, journalists, and observers were prevented from entering polling places, including when votes were being counted. 

In several communes (municipalities), the number of votes cast reportedly exceeded the number of registered voters. Media and witnesses also reported ballot stuffing and the selective distribution of voter cards, excluding opposition members from voting.

A coalition of radio stations, television channels, and print or online media outlets coordinated coverage of the elections, reportedly funded by the Ministry of Communication, Information Technology and Media, and all content produced had to be submitted to a central editorial team, which censored reports that did not align with the official narrative, media reported. A journalist told Human Rights Watch that officials of the electoral body told the media “not to talk about irregularities.”

In December, the electoral commission barred opposition candidates, including members of the opposition Burundi for All (Burundi Bwa Bose in Kirundi) coalition and the CNL, from contesting the June elections, effectively sidelining major opposition voices. Some were able to appeal the decision at the Constitutional Court, but presidential runner-up and former leader of the CNL, Agathon Rwasa, was among those still barred from running.

In January 2024, the interior minister accused the CNL of collaborating with a terrorist organization, after which the party’s general assembly voted to remove Rwasa from leadership. In April 2024, Burundi adopted a new electoral code that significantly raised candidate registration fees and imposed a two-year waiting period for those leaving political parties before they can run again, effectively ensuring that Rwasa would not be eligible.

The authorities, aided by the Imbonerakure, forced the population to register to vote in late 2024, according to media reports and witness accounts. “The population wanted to show that they don’t see the point in this election, and tried to boycott the registration process,” said an observer in Cibitoke. “They were forced [to register], prevented from accessing markets, healthcare centers, administrative services or going to the fields. The Imbonerakure were everywhere to intimidate people.”

The African Union deployed an observation mission and issued a preliminary report on June 7 praising the “peaceful” conduct of Burundi’s legislative and communal elections. It also praised high voter turnout, the “climate of freedom and transparency,” and media coverage. This stands in stark contrast to the AU’s own normative framework on democracy, elections, and human rights, which emphasizes credible, inclusive, and transparent electoral processes. The International Conference on the Great Lakes Region and the Economic Community of Central African States also deployed observer missions. The Catholic Church, which has criticized previous elections, deployed observers but some were turned away from polling places.

General elections in May 2020 took place in a highly repressive environment, marred by allegations of irregularities. Throughout the pre-election period, Imbonerakure members committed widespread abuses, especially against people perceived to be against the ruling party, including killings, enforced disappearances, arbitrary arrests, beatings, extortion, and intimidation. 

Burundians have told Human Rights Watch that they feel growing frustration at the ruling party’s governance, at a time when the population is facing a 40 percent annual inflation rate, chronic shortages, significant discrepancies between official and unofficial exchange rates, limited foreign currency reserves, and a fuel crisis that has crippled transport for years. The escalating conflict in neighboring Democratic Republic of Congo, which has jeopardized cross-border trade and prompted the arrival of over 70,000 refugees and asylum seekers since January 2025, as well as cuts in donor funding have further compounded the situation.

In February, Burundian authorities expelled the director and security officer of the United Nations World Food Programme from the country, after they reportedly advised staff to stock up on essential goods. Civil society and opposition figures continue to report ongoing harassment, extortion, arbitrary detention, and beatings by the Imbonerakure and the authorities as the government remains deeply hostile to perceived criticism. 

Article 25 of the International Covenant on Civil and Political Rights, to which Burundi is a party, states, “Every citizen shall have the right and the opportunity … [t]o vote and to be elected at genuine periodic elections which shall be by universal and equal suffrage and shall be held by secret ballot, guaranteeing the free expression of the will of the electors.”

“Burundi’s democracy has been hollowed out, with a ruling party unaccountable to its people and unwilling to tolerate dissent, even as economic desperation grows,” de Montjoye said. “Without credible opposition, this election only further entrenches authoritarian rule and pushes Burundians further into a deeply rooted governance crisis.”

Distributed by APO Group on behalf of Human Rights Watch (HRW).

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The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)-Supported Nakkaş-Başakşehir Motorway Wins TXF Social Infrastructure Deal of the Year 2024

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce that the Nakkaş-Başakşehir Motorway Project in Türkiye has been named TXF’s Social Infrastructure Deal of the Year 2024, awarded during the TXF Global Awards Ceremony held on 11 June 2025.

This landmark project involves EUR 1.044 billion in non-recourse financing for the development of a 35-kilometer greenfield motorway in Istanbul Province—the final section of the Northern Marmara Motorway, a 450-kilometer corridor connecting Türkiye’s Asian and European regions. The public-private partnership is expected to significantly reduce traffic congestion, improve trade logistics, and cut commute times by up to 40 minutes.

The project aligns with multiple UN Sustainable Development Goals (SDGs), notably SDG 8 (Decent Work), SDG 9 (Infrastructure), SDG 11 (Sustainable Cities), and SDG 17 (Partnerships), by creating jobs, modernizing transport infrastructure, and fostering international cooperation.

ICIEC played a pivotal role in the financial close by offering a comprehensive risk mitigation solution, including a EUR 74 million Non-Honoring of Sovereign Financial Obligations (NHSFO) policy to Standard Chartered and Deutsche Bank, and Equity Investment Insurance to Korean investors.

“This award reflects the strength of our partnership with the Government of Türkiye, our member institutions, and the private sector,” said Dr. Khalid Khalafalla, CEO of ICIEC. “We are particularly proud to have supported this project alongside other Export Credit Agencies and Multilateral Development Banks—most notably our parent institution, the Islamic Development Bank, and our sister entity, the Islamic Corporation for the Development of the Private Sector. Together, we leveraged synergies to mobilize Islamic finance and de-risk strategic infrastructure. Congratulations to all parties involved in delivering a project with lasting developmental impact.”

This transaction exemplifies ICIEC’s mission to provide innovative risk mitigation solutions that enable impactful trade and infrastructure investment across its 50 member states.

Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

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Email: ICIEC-Communication@isdb.org

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About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
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 financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. Additionally, ICIEC has been assigned a First-Time “AA-“ long-term Issuer Credit Rating by S&P with Stable Outlook.  ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors – energy, manufacturing, infrastructure, healthcare, and agriculture.

For more information: visit: http://ICIEC.IsDB.org

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