By Ayomide Otitoju The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$200 million syndicated Murabaha financing agreement with Türk Eximbank to enhance trade financing for private sector businesses, particularly export-oriented small and medium-sized enterprises (SMEs). The facility aims to expand access to Islamic trade…
By Ayomide Otitoju The 2025 Angolan International Mining Conference (AIMC), held from October 22–23 at the Talatona Convention Centre, marked a significant turning point for Angola’s mining sector with the official launch of the Angola Digital Mining Cadastre—a pioneering platform aimed at transforming the nation’s mineral industry through automation, digitisation, and enhanced transparency. The Honourable…
By Ayomide Otitoju The NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor special fund hosted by the African Development Bank (AfDB), has held its 40th Oversight Committee Meeting, reaffirming its commitment to advancing regional infrastructure transformation across Africa. The virtual meeting, convened on 27 October 2025, brought together donor representatives, partner institutions, Regional Economic Communities (RECs),…
By Ayomide Otitoju At the opening of the 25th Afreximbank Trade Finance Seminar (ATFS) in Abidjan, Ms. Gwen Mwaba, Managing Director for Trade Finance and Correspondent Banking at Afreximbank, called for stronger trade finance capabilities and greater collaboration among African financial institutions to advance inclusive and sustainable growth across the continent. Ms. Mwaba underscored Africa’s…
By Rachel Irvine, CEO and Founder of Irvine Partners For decades, South Africa has been stuck in the same exhausting loop: dig something valuable out of the ground, ship it overseas, then buy back the finished product at a markup. We’ve done it with coal, platinum, and iron ore. We’ve watched the margins walk out…
By Ayomide Otitoju Mukuru, a leading next-generation financial services platform, has partnered with AI-powered banking technology provider JUMO to introduce ‘Fast Loan’, a mobile-first credit solution aimed at expanding financial inclusion across South Africa. According to TransUnion, an estimated 16.8 million South Africans remain outside the formal credit system, often earning irregular incomes and lacking…
By Ayomide Otitoju Rite Foods Limited, Nigeria’s leading food and beverage company, has reiterated its commitment to integrity, transparency, and accountability as it marked Compliance Week 2025, emphasizing that ethical conduct remains central to its corporate culture. The week-long observance, part of the global Corporate Compliance & Ethics Week® initiative established in 2005, aims to…
By Ayomide Otitoju The African Development Bank (AfDB) Group and the Republic of Equatorial Guinea have signed a €58.61 million financing agreement to implement the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1). The signing took place on 30 October 2025 in Bata. Léandre Bassolé,…
By Ayomide Otitoju Guinea-Conakry’s bauxite industry is poised to enter 2026 following a record-breaking year, with export data for the first quarter of 2025 showing a sharp surge in output driven by soaring Chinese demand and expanded export infrastructure. According to trade data, Guinea exported 48.6 million tons of bauxite in Q1 2025 — a…
