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President of the Republic of Kenya
Source: President of the Republic of Kenya |

Kenya: President Ruto Pledges to Address Social Health Authority (SHA) Challenges

Reiterating that the new health insurance is critical to providing all Kenyans with accessible healthcare, the President said the government will continue improving the model

The government will review the Universal Health Coverage to resolve problematic issues pointed out by Kenyans, including Catholic bishops, President William Ruto has said. Reiterating that the new health insurance is critical to providing all Kenyans with accessible healthcare, the President said the government will continue improving the model. “I…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Moody’s Affirms Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Aa3 Insurance Financial Strength Rating (IFSR) with Stable Outlook for the 17th Consecutive Year
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Moody’s Affirms Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Aa3 Insurance Financial Strength Rating (IFSR) with Stable Outlook for the 17th Consecutive Year

The Corporation’s solid financial performance has been driven by a diversified business mix, reduced exposure concentrations, and operational efficiency improvements

Moody's Ratings affirmed ICIEC’s Aa3 Insurance Financial Strength Rating (IFSR) with a stable outlook for the 17th consecutive year (http://ICIEC.IsDB.org), underscoring its strong standalone credit profile and ongoing support from key shareholders, including the Islamic Development Bank (IsDB) and sovereign members of the Organization of Islamic Cooperation (OIC). Key factors…

Afreximbank
Source: Afreximbank |

Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance

The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029. The proceeds of the note will fund general corporate…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank Group approves $34.8 million in grants to build climate resilience in Malawi and Zimbabwe

Climate risk insurance is expected to lead to behavioural changes among beneficiaries, such as increased investment in climate-resilient livelihoods or savings for future insurance premiums

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants of $34,796,402.40 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.  Under the Bank Group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility through the Africa Disaster Risk…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • AMAN Union Partners with RISC Institute DMCC to Enhance Insurance Expertise Across AMAN Union Members
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

AMAN Union Partners with RISC Institute DMCC to Enhance Insurance Expertise Across AMAN Union Members

In addition to the Cert. CII™ program, the collaboration will offer high-level workshops designed for senior professionals, focusing on key areas such as Governance, Risk, and Compliance

AMAN Union, the leading professional forum for commercial and non-commercial risk insurers and reinsurers in member countries of the Organization of Islamic Cooperation (OIC), has signed a Corporate Training Services Agreement with RISC Institute DMCC, a renowned training institution specializing in talent development for the insurance, risk management, personal finance…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan to Enhance Islamic Insurance Services
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan to Enhance Islamic Insurance Services

This cooperation is expected to contribute to the broader use of new financial tools in Azerbaijan, thereby accelerating investment inflows and fueling sustainable economic growth

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan (CBAR). The MoU was signed by Dr. Khalid…

Azentio Software Private Limited

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    • Azentio to lead insurance technology modernization through the acquisition of intellectual property and other assets of Kuwait-based Pysurance and iMOTOR
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Source: Azentio Software Private Limited |

Azentio to lead insurance technology modernization through the acquisition of intellectual property and other assets of Kuwait-based Pysurance and iMOTOR

Market leading software provider Azentio supercharges insurance offering through acquisition of cutting-edge technology stack

Azentio Software ("Azentio") (www.Azentio.com), a leading end-to-end software company specializing in the BFSI sector, today announced the completion of the acquisition of software assets and intellectual property (IP) of iMOTOR and Pysurance from two Kuwait-based software product companies. The acquisitions will see Azentio re-writing the future of insurance software by…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Welcomes the Togolese Republic as its 50th Member State
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Welcomes the Togolese Republic as its 50th Member State

This milestone not only reflects the growing trust and collaboration within the Organization of Islamic Cooperation (OIC) but also reinforces ICIEC's commitment to providing tailored insurance solutions

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, is proud to announce that the Togolese Republic has officially joined ICIEC as its 50th member state. This milestone not only reflects the…

Presidency of the Arab Republic of Egypt
Source: Presidency of the Arab Republic of Egypt |

President El-Sisi Meets Minister of Justice and Head of National Organization for Social Insurance

The President reviewed the progress being made to enhance the efficiency of the litigation system and expedite the resolution of cases before the courts

Today, President Abdel Fattah El-Sisi met with Minister of Justice, Counselor Adnan Al-Fangari, and Head of the National Organization for Social Insurance, Major General Gamal Awad. The President reviewed the progress being made to enhance the efficiency of the litigation system and expedite the resolution of cases before the courts,…

African Development Bank Group (AfDB)

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    • Presentation of insurance payout cheque to Malawi President Lazarus McCarthy Chakwera (3rd from left), by representatives of the African Risk Capacity (ARC) Group and the African Development Bank Group, in Lilongwe, on August 2, 2024. Also present are representatives from UNHCR, the UN Refugee Agency
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Source: African Development Bank Group (AfDB) |

African Development Bank Group and African Risk Capacity Group issue $11.2 million insurance payout to the Government of Malawi

The drought recovery insurance payout will support more than 350,000 Malawi households impacted by climate change-related weather extremes

Representatives of the African Risk Capacity (ARC) Group and the African Development Bank (www.AfDB.org) have presented a cheque to the government of Malawi for an insurance payout of $11.2 million, to support the country’s recovery from a devastating drought arising from a weather condition known as El-Nino. The presentation was…