The Islamic Corporation for the Development of the Private Sector (ICD) and the IL&FS Investment Managers Limited (IIML) sign a joint venture Shareholder Agreement to establish a US$1bn Infrastructure Financing Fund focused on Africa

The Fund will target mainly the power and transportation sectors and will promote integrated projects within Africa

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank Group (IsDB) (www.IsDB-pilot.org), and the IL&FS Investment Managers Limited (IIML) (www.ILFSInvestmentManagers.com), the private equity arm of IL&FS Group, signed a Shareholder Agreement to establish an infrastructure Fund focused on…

The Islamic Corporation for the Development of the Private Sector and Alfa Solar Co. to part-fund the development, construction and operation of a 50 megawatts solar PV project in Egypt

Alfa Solar has executed a power purchase agreement with the Egyptian Electricity Transmission Co. (EETC) in May 2017, and is working with ICD and EBRD to achieve financial close by October 2017

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) - the private sector arm of the Islamic Development Bank (IsDB), and Alfa Solar Co.- a subsidiary of Alfanar Company, have signed facility agreements for a US$28.5 million Shariah-compliant senior financing to part-fund the development, construction and operation…

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost infrastructure investment and growth in selected African countries

At the side lines of the landmark IsDB 42nd Annual Meeting in Jeddah, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund (CADFund) (www.CADFund.com), a…

The IDB Group Private Sector Forum Fosters Economic Development of Member Countries

A forum to connect business leaders, investors, entrepreneurs and SMEs in Indonesia to discuss on business issues and development goals while showcasing IDB Group roles in member countries

In the interest of further developing the private sector in member countries, the Islamic Development Bank (IDB) Group hosted the IDB Group Private Sector Forum in collaboration with Indonesia Investment Coordinating Board (BKPM) and Indonesia Chamber of Commerce (KADIN) at the Jakarta Convention Center. The event was held in conjunction…

The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with CNBM International Engineering Co. to launch a global public-private-partnership (PPP) scheme for social infrastructure projects in ICD member countries

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group (http://www.ICD-ps.org) and CNBM International Engineering Co. (CNBM-IE) have signed a memorandum of understanding (MoU) to conceptualize, develop and structure a global scheme for the development of social infrastructure projects…

EBRD and its partners strengthens safety and environmental standards in Egypt's energy sector

For the first time in the southern and eastern Mediterranean (SEMED) region the European Bank for Reconstruction and Development (EBRD) led and arranged a syndicated loan, consisting of a loan facility of up to US$170 million to Advanced Energy Systems SAE (ADES), an independent Egyptian oil services company. As part…

The Inaugural Africa Islamic Finance Forum by the Cote d’Ivoire Government and the Islamic Corporation for the Development of Private Sector (ICD)

The two-day event will feature extensive discussions capitalizing on investment opportunities in key African markets

To be held on the 17th and 18th September at the Sofitel Abidjan Hotel Ivoire, the inaugural Africa Islamic Finance Forum 2015 is designed specifically for the benefit of local and international market players to explore the development opportunities in Islamic finance both in the Cote d’Ivoire, locally and regionally…

New report from ICD unveils encouraging Islamic finance prospects in Africa

The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan

A newly-released report “Islamic Finance in Africa: A Promising Future” by the Islamic Corporation for the Development of the Private Sector (ICD) takes an in-depth look at the tremendous growth opportunities for Islamic finance to flourish in the region. The new report was released during the Africa Islamic Finance Forum…