ICIEC Awarded “Insurance Adviser of the Year – Africa” for Advancing Sustainable Development

(Africa.com, Johannesburg, 1 December 2024) The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce its recognition as the “Insurance Adviser of the Year – Africa” at the prestigious IJInvestor Awards 2024. This honor highlights ICIEC’s role in advancing impactful initiatives that drive sustainable development and improve lives across Africa. The award acknowledges ICIEC’s pivotal contributions to two transformative projects in Côte d’Ivoire (€194 million in insurance support for financing ESG projects) and Senegal (€103 million insurance agreement for 50,000 off-grid solar streetlamps in rural areas). ICIEC has also entered into a Service Agreement with the Islamic International Trade Finance Corporation (ITFC), Jef Vincent, and ActorX GmbH to create a three-year business plan for the proposed Africa-Arab Guarantee Fund (AAGF) a collaboration designed to strengthen trade and investment ties between the Arab and African regions, fostering economic integration and mutual growth.