Covid-19: How the ICD (Islamic Development Bank group) plans to support the African private sector
During the current crisis, the private arm of the Islamic institution is particularly targeting finance, agriculture and health. The continent’s banking players will serve as preferred intermediaries.
02/04/2020 at 16h37, by Aurelie Benoit
“At the end of March, we decided to set up an emergency fund of $250m,” says Ayman Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), joined in Jeddah by Jeune Afrique Business+. This sum is part of a larger programme established by the Islamic Development Bank (IDB), its parent company, which is making available $730m for its 57 member countries’ private and public sectors.
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