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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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LIBREVILLE, October 28 (Infosplusgabon) -  Moody's Ratings affirmed ICIEC’s Aa3 Insurance Financial Strength Rating (IFSR) with a stable outlook for the 17th consecutive year, 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).

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USA : African Development Bank and Asian Development Bank sign $1 billion exchange exposure agreement to increase development lending capacity to African nations

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LIBREVILLE, October 28 (Infosplusgabon) - The African Development Bank and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, signed on the sidelines of the IMF /World Bank Annual Meetings in Washington DC on Friday 25 October, is the third exposure exchange transaction under the African Development Bank’s Balance Sheet Optimization strategy.

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COLOMBIA : Governments call for ratification of high seas traty to Curb Biodiversity crisis

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LIBREVILLE, October 28 (Infosplusgabon) -  Governments and ocean leaders meeting at the UN global nature summit called on all nations today to address the biodiversity crisis by swiftly ratifying1 the High Seas Treaty and preparing proposals for the first wave of marine protected areas (MPAs) in the High Seas to conserve and restore marine life as soon as the new Treaty enters into force.

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African Energy Week (AEW) 2024 Partners to Drive Industry Engagement and Dealmaking in Cape Town

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LIBREVILLE, October 25 (Infosplusgabon) -  The African Energy Week (AEW): Invest in African Energy conference returns for its 2024 edition from November 4-8 in Cape Town. Under a mandate to make energy poverty history by 2030, the event unites the entire value chain to forge a path towards an industrialized, electrified and sustainable energy future. This year’s partners underscore both the high-level support the event has garnered as well as the caliber of AEW: Invest in African Energy as a premier platform to sign deals and foster engagement.

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ALGERIA : Angel investors commit US$350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

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LIBREVILLE,  October 25 (Infosplusgabon) -  African Export – Import Bank’s (Afreximbank) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries who were selected to present their businesses for review with a view to raising capital for growth and expansion.

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