Courtesy Visit of Mr. Muhammad Zubair, CEO of AlHuda Centre of Islamic Banking and Economics, to AADFI Headquarters

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Abidjan, June 12, 2024 – Mr. Muhammad Zubair, CEO of AlHuda Centre of Islamic Banking and Economics, based inthe United Arab Emirates, was received at the AADFI Headquarters in Abidjan, Côte d’Ivoire by Mr. Cyril Okoye, Secretary-General of AADFI, on June 12, 2024. The visit provided opportunities for AADFI and the AlHuda Center of Islamic Banking to discuss collaboration and partnership in advancing Islamic Finance in Africa.

This proposed collaboration between AlHuda CIBE and AADFI marks a significant step towards enriching the African financial sector, fostering inclusive growth, and promoting sustainable economic development through the principles of Islamic finance.

Equipping development financial institutions with the necessary knowledge and expertise will pave the way for a more inclusive and prosperous financial future for the African continent. It is expected to enhance the capabilities of African development banks in Islamic Finance products and services.

Both institutions will collaborate and deploy comprehensive training programs tailored to the specific needs of development banks in Africa and assist in developing Islamic finance products suited to African markets. For more information on the AADFI and its activities, visit www.adfi-ci.org.

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2026 AADFI Annual General Assembly

The Association of African Development Finance Institutions (AADFI) is pleased to announce that its 2026 Annual General Assembly will take place from May 24 to 29, 2026, in Brazzaville, Republic of Congo, on the sidelines of the African Development Bank (AfDB) Annual Meetings.

The Annual General Assembly will be held on the theme “Augmenting Sovereign Finance in Africa: DFIs Unlocking Growth and Resilience through NAFA,” with a focus on the transformative role of African Development Finance Institutions (DFIs) in strengthening Africa’s financial sovereignty. The discussions will align with the AfDB-led New African Financial Architecture (NAFA), a system-level framework designed to mobilize long-term investment, reduce Africa’s cost of capital, and reinforce resilience through coordinated financial systems and deeper domestic capital markets.

The Annual General Assembly will convene leaders of African DFIs, government officials, regional institutions, and development partners to further explore how African DFIs can catalyze local investment, de-risk strategic projects, and strengthen economic autonomy to build resilience against global shocks and bridge the continent’s infrastructure funding gap.

Further details will be shared in the coming weeks.

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