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High hopes for African Development Fund 17th replenishment meeting to mobilise investment for Africa’s development needs
The governments of the United Kingdom and Ghana are hosting the pledging meeting for the 17th replenishment of the African Development Fund (ADF-17) (www.ADF.AfDB.org) in London from 15-16 December, convening donor countries to back Africa's next chapter of growth.
The Fund, established in 1972 as the concessional arm of the African Development Bank Group, is replenished every three years. Over the last five decades it has been instrumental in improving the lives of tens of millions across the 37 low-income countries it serves, amid mounting climate, economic and security pressures.
As funding partners gather in London for ADF-17, expectations are high for a rise in the number of contributing African countries, signalling stronger ownership of the continent's development agenda, and growing confidence in the Fund as a driver of inclusive growth. Particularly encouraging is the interest from countries that have themselves benefited from the ADF.
A new ADF financing cycle also presents a significant opportunity that the Bank Group is boldly seizing to deploy innovative financing instruments, and to forge new and expanded partnerships with the private sector – vital efforts needed to mobilise additional financing at a time when global aid flows are tightening. Among other innovations, ADF-17 is expected to introduce the Market Borrowing Option (MBO), a new mechanism that will enable the Fund to raise financing from the capital markets. The Fund is now implementing the policy framework required to operationalise the MBO during this cycle.
African Development Bank Group President Sidi Ould Tah leads charge to mobilise capital, reform African financial architecture
ADF-17 represents a strategic new phase for the African Development Bank Group under Dr Sidi Ould Tah, who assumed office as its ninth President in September 2025. His Four Cardinal Points (4CPs) agenda aims to mobilise greater capital, reform the continent's financial architecture, harness demographic potential, and accelerate climate-resilient infrastructure. Within this framework, the African Development Fund remains indispensable – ensuring that Africa's most vulnerable countries are not left behind in the global development push.
For the African continent and its 1.5 billion people, the ADF-17 London meeting marks a strategic moment at which global partners must commit to match Africa's ambition with commensurate resources, fuelling a new era of opportunity rooted in the continent's extraordinary human capital, energy potential, mineral wealth, and arable agricultural land.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).Dr. Rasha Kelej Drives Impactful Change in Cardiovascular Preventive, Cardiology, Hypertension, and Diabetes Care Across Africa and Beyond by Empowering Local Doctors Through 925...
- Merck Foundation in partnership with African and Asian First Ladies, Ministries of Health and Medical Societies provided out of total 2500 scholarships, 925 Scholarships of one-year Post-Graduate Diploma and two-year Master Degree in Preventative Cardiovascular Medicine, Cardiology, Diabetes, Endocrinology and Obesity & Weight Management; and One Year Fellowship program for Diabetes & hypertension for doctors from 52 countries in Africa, Asia and Latin America.
- Merck Foundation released the First storybooks and Animation Films “Mark's Pressure”, and “Sugar Free Jude”, with the aim to raise awareness about early detection and prevention of Hypertension and Diabetes (which are corelated) and to Promote Healthy Lifestyle, amongst children and youth in Africa and beyond.
Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany marks ‘World Heart Day 2025' in partnership with First Ladies of Africa and Asia, Ministries of Health, Medical Societies, and Academia, through their Nationwide Diabetes & Hypertension Blue Points Program.
Senator, Dr. Rasha Kelej, CEO of Merck Foundation emphasized, “At Merck Foundation, we mark World Heart Day every day Cardiology, Cardiovascular Preventive, Hypertension, and Diabetes, across Africa, Asia, and Latin America.
I am proud to share that, in partnership with our Ambassadors, The First Ladies of Africa & Asia and partners like Ministries of Health, Medical Societies and Academia, we have provided 925 scholarships for doctors from 52 countries of Online One-year PG Diploma and Two-year Master degree in Cardiovascular Preventive, Cardiology, Diabetes, Endocrinology, Clinical Nutrition and Obesity & Weight Management; One Year clinical Fellowship program for Diabetes and Hypertension; and also a special 3-month Diabetes Mastercourse in English, French, Portuguese and Spanish. These scholarships are helping to build a robust network of specialists, reaching beyond major cities and capitals”.
Merck Foundation has in total provided more than 2500 scholarships for doctors from 52 countries in 44 critical and underserved medical specialties.
Dr. Nakigunda Kiroga, Merck Foundation Alumnus from Tanzania shares, “I am deeply grateful to Merck Foundation for the opportunity to pursue PG Diploma and MSc in Cardiology. The training program has strengthened my confidence in assessing patients' cardiovascular risks and applying evidence-based interventions to reduce them. It has also helped to brace my research capabilities. Moreover, the training program has also equipped me to better educate and guide my patients on their treatment plans and the lifestyle changes that will most benefit their health”.
According to the World Heart Federation, cardiovascular diseases (CVD) are the second leading cause of death in sub-Saharan Africa, claiming the lives of over 1 million people every year. Alarmingly, high blood pressure is responsible for more than half of all CVD-related deaths on the continent, highlighting the urgent need for preventive measures and increased awareness around cardiovascular health.
Therefore, Merck Foundation has launched a range of community awareness initiatives aimed at promoting healthy lifestyle, and emphasizing the prevention, early detection, and effective management of diabetes and hypertension.
In partnership with African First Ladies, Merck Foundation has released children's storybooks and adapted animation Films “Mark's Pressure” and “Sugar Free Jude”.
“On the occasion of World Heart Day 2025, I am excited to share ‘Mark's Pressure' and ‘Sugar Free Jude', the first animation films in Africa designed to raise awareness about hypertension, diabetes, and the importance of healthy lifestyles among children and youth across the continent and beyond. These films are adaptations of our children's storybooks and aim to inspire communities to reduce sugar and salt intake, exercise regularly, eat nutritious foods, and avoid smoking. By promoting these habits, we can tackle diabetes and hypertension which are the major risk factors for serious complications and heart disease and empower future generations to lead healthier lives”. Added Senator Dr. Kelej.
Watch the “Mark's Pressure” Animation film here:
Watch the “Sugar Free Jude” Animation film here:
Merck Foundation's pan African TV program “Our Africa”, that is conceptualized, produced, directed, and co-hosted by Senator, Dr. Rasha Kelej, CEO of Merck Foundation and features African Fashion Designers, Singers, and prominent experts from various domains with the aim to raise awareness about social and health issues, has episodes dedicated to raise awareness about Diabetes and Promoting Healthy Lifestyle.
Watch the Episode on promoting Healthy Lifestyle here:
Watch the Episode on Diabetes Awareness here:
All episode of “Our Africa” are available on social media handles of Senator, Dr. Rasha Kelej (Facebook (http://apo-opa.co/4q7tJqk), Instagram (http://apo-opa.co/4acjk7Z), Twitter (http://apo-opa.co/4q7yKiH) and YouTube (http://apo-opa.co/4oQo2fl)) and Merck Foundation (Facebook (http://apo-opa.co/4pHRZzp), Instagram (http://apo-opa.co/4oN3G6A), Twitter (http://apo-opa.co/3XMaQx5) and YouTube (http://apo-opa.co/3XMaRRF)).
Merck Foundation together with African and Asian First Ladies, annually launches their Awards for Media, Fashion Designers, Filmmakers, Musicians, Singers, and emerging talents from these fields to Promote a healthy lifestyle and raise awareness about prevention and early detection of Diabetes and Hypertension.
Details of the awards:
1. Merck Foundation Media Recognition Awards 2026 “Diabetes & Hypertension”: Media representatives are invited to showcase their work through strong and influential messages to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension.
Submission deadline: 30th October 2026.
2. Merck Foundation Film Awards 2026 “Diabetes & Hypertension”: All African Filmmakers, Students of Film Making Training Institutions, or Young Talents of Africa are invited to create and share a long or short FILMS, either drama, documentary, or docudrama to deliver strong and influential messages to promote a healthy lifestyle raise awareness about prevention and early detection of Diabetes and Hypertension.
Submission deadline: 30th October 2026.
3. Merck Foundation Fashion Awards 2026 “Diabetes & Hypertension”: All African Fashion Students and Designers are invited to create and share designs to deliver strong and influential messages to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension.
Submission deadline: 30th October 2026.
4. Merck Foundation Song Awards 2026 “Diabetes & Hypertension”: All African Singers and Musical Artists are invited to create and share a SONG with the aim to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension.
Submission deadline: 30th October 2026.
Entries for all the awards are to be submitted via email to: submit@merck-foundation.com
Distributed by APO Group on behalf of Merck Foundation.Contact:
Mehak Handa
Community Awareness Program Manager
Phone: +91 9310087613/ +91 9319606669
Email: mehak.handa@external.merckgroup.com
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About Merck Foundation:
The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.Merck-Foundation.com to read more. Follow the social media of Merck Foundation: Facebook (https://apo-opa.co/4ps7BXH), X (https://apo-opa.co/4pVHtEg), Instagram (https://apo-opa.co/3KTZAvC), YouTube (https://apo-opa.co/48PLBiw), Threads (https://apo-opa.co/4abVOYS) and Flickr (https://apo-opa.co/44lDokB).
The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors.
At the heart of Africa’s fintech evolution: Exness opens new Cape Town regional hub
Exness (www.Exness.com), one of the world's largest multi-asset brokers, has officially opened its new office in Cape Town, marking a major milestone in its long-term commitment to traders and partners in Sub-Saharan Africa (SSA).
As fintech innovation continues to accelerate across the region, South Africa has emerged as a natural hub for financial technology and digital inclusion. With one of the most advanced financial systems in Africa and a thriving ecosystem of start-ups and talent, Cape Town offers a unique blend of innovation and opportunity, making it the ideal regional hub for Exness.
The new state-of-the-art office serves as the center of Exness' operations in South Africa and across the SSA region. It will house local professionals providing local expertise and insights, ensuring that clients across the region benefit from local insight and global-standard service.
Petr Valov, Exness co-founder and CEO, expressed, “The opening of our Cape Town office marks a new chapter for Exness, one that involves innovation and regional growth. We see immense potential in SSA and our investment here reflects our confidence in the region's growth and in the incredible talent driving it.”
The office's inauguration brought together Exness executives, local partners, and media representatives to celebrate this significant milestone. The event featured a ribbon-cutting ceremony, speeches from the company's senior management, and a reception with the regional team, underscoring Exness' deepening roots in the region.
The celebration continued with the Creators (EX)perience held at Killarney International Raceway's Joubert Pits, where Exness hosted an adrenaline-charged event that embodied the brand's values of precision and prestige. The day featured a supercar showcase and F1-style pit stop challenges, bringing the energy of motorsport to life. Guests also participated in a high-intensity racing simulator competition, where their reflexes were put to the test in a virtual tournament.
Paul Margarites, Exness Regional Commercial Director, commented, “By building a strong local presence, we are bringing our global expertise closer to our traders. This office is more than a space; it's a reflection of our long-term commitment to traders in the region.”
By combining cutting-edge trading infrastructure with local expertise, Exness is empowering traders with access, confidence, and better-than-market conditions. Exness' growing Sub-Saharan Africa operations are supported by its Financial Sector Conduct Authority (FSCA) license in South Africa and its Capital Markets Authority (CMA) license in Kenya, reinforcing the company's commitment to responsible, transparent, and regulated operations across the continent.
Distributed by APO Group on behalf of Exness.About Exness:
Founded in 2008, Exness is a global multi-asset broker committed to providing traders with better-than-market conditions. Today, Exness is trusted by a global network of active traders. With a focus on transparency, innovation, and long-term partnerships, Exness delivers stability, precise execution, and instant withdrawal processing, setting the benchmark for reliability in the online trading industry.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Provides EUR 135 million Insurance Support for Türkiye’s Strategic Kars–Iğdır–Aralık–Dilucu High Standard...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has approved EUR 135 million in Non-Honoring of Sovereign Financial Obligations (NHSFO) insurance in support of the Kars-Iğdır-Aralık-Dilucu (KIAD) High Standard Railway Project in the Republic of Türkiye. MUFG Securities EMEA plc arranged the overall transaction, within which a Murabaha financing facility, supported by ICIEC has been structured for the project.
The KIAD Railway is a flagship infrastructure project under Türkiye's 12th Development Plan (2024–2028), spanning 223.9 km from Kars to Dilucu at the Turkish-Azerbaijani border and linking directly to the Kars–Tbilisi–Baku corridor. With five stations serving key districts in the Kars and Iğdır provinces, the line will become a vital segment of the Silk Road Economic Belt, strengthening the Trans-Caspian Middle Corridor as a competitive Asia–Europe freight route.
The Project is set to generate strong economic and environmental impact by shifting freight from road to electrified rail, cutting logistics costs by an estimated 40% by 2030, enhancing supply chain efficiency, and supporting regional industries. It will employ around 3,000 workers at peak construction and stimulate broader economic activity. Its fully electrified, double-track design will also contribute significantly to Türkiye's climate goals, reducing 498,276 tons of CO₂e annually and achieving 95% energy efficiency—placing KIAD among the region's greenest transport initiatives.
Dr. Khalid Khalafalla, CEO of ICIEC, stated, “This strategic investment reflects ICIEC's continued commitment to supporting sustainable, high-impact infrastructure in Türkiye and across our member states. The KIAD Railway strengthens regional connectivity, advances cleaner and more efficient transport solutions, and promotes trade integration between Asia and Europe. Our participation ensures confidence for financiers and helps accelerate completion of this transformative project.”
The Project reinforces ICIEC's mandate to promote inclusive development and integration among member countries. By enhancing freight mobility, supporting economic diversification, and contributing to Türkiye's 2053 Net Zero vision, ICIEC's support advances three key UN Sustainable Development Goals: SDG 8 – Decent Work and Economic Growth, SDG 9 – Industry, Innovation and Infrastructure, and SDG 11 – Sustainable Cities and Communities.
Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).Media Contact:
Email: ICIEC-Communication@isdb.org
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About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
As a member of the Islamic Development Bank (IsDB) Group, ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investment by providing credit enhancement and risk mitigation solutions. The Corporation is the only Islamic multilateral insurer in the world and has been at the forefront of delivering a comprehensive suite of de-risking solutions to support cross-border trade and investment for its 51 Member States. ICIEC has maintained its "Aa3" rating with a stable outlook from Moody's for 18 consecutive years, positioning the Corporation among the leaders in the Credit and Political Risk Insurance (CPRI) industry. Additionally, S&P has reaffirmed ICIEC's “AA-” rating for the second year with a stable outlook. ICIEC's resilience is underpinned by its sound underwriting practices, global reinsurance network, and strong risk management framework. Since inception, ICIEC has cumulatively insured over USD 121 billion in trade and investment, supporting key sectors such as energy, manufacturing, infrastructure, healthcare, and agriculture in its member states.
For more information, visit http://ICIEC.IsDB.org
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