Dr. Abhishek Jajoo

We are pleased to announce that Africa Finance Corporation (AFC),has secured an inaugural Sustainability-Linked Term Loan Facility, raising AED 937.50 million (US$255 million). This transaction marks a significant milestone in AFC’s innovative funding strategy and deepens its financial ties with the UAE. The transaction aligns future borrowing costs to measurable environmental outcomes through predefined Sustainability Performance Targets (SPTs), allowing AFC to benefit from reduced loan costs upon achieving key sustainability targets. This milestone transaction is a showcase of the Corporation’s commitment to leveraging financial innovation to fund transformative infrastructure across Africa. Read the full announcement: https://lnkd.in/gbFB36hB

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Speaking about Kuwait banking sector's resilience and growth, Bhavesh Gandhi, Partner and Head of Financial Services at KPMG Kuwait, said: “Despite the ramifications of global reciprocal tariffs announced by the US earlier this year, and the overall geopolitical situations in the wider #MiddleEast region, the banks in Kuwait stayed resilient and witnessed steady growth in terms of net profit and total assets." A key trend emerging from the half-yearly results is the increased focus on cost management, with banks now leveraging #AI and automation tools to streamline operations and reduce expenses. Learn more about the financial performance of Kuwait's nine listed banks in our latest report Kuwait Listed Banks' Results — H1‘25: https://lnkd.in/dn96jdFP Salman BinKhalid CA Shahbaz Nizami CA Deepak Sharma #KPMGKuwait #KuwaitListedBanksResults #UpcomingTrends

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Central Bank of Oman 🇴🇲 Launches Maal Central Bank of Oman 🇴🇲 (CBO) has introduced Maal national payment card to boost digital payments, promote financial reliance. The Maal card is an extension of the existing national payment system OmanNet. #fintech #oman #payments #nationalcard #digitaleconomy Source: OCB.

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VentureSouq has closed its second FinTech Fund (FinTech Fund II), backed by leading regional LPs including Jada Fund of Funds, SVC, Saudi Awwal Bank (SAB), Mubadala Investment Company, Takamol Holding, Krafton, and Jordan’s Innovative Startups and SMEs Fund (ISSF). With a focus on early-stage FinTech and SaaS, the fund will target sectors such as payments, digital banking, PropTech, InsurTech, and personal financial management. This reinforces VentureSouq’s role as a cornerstone investor in MENA’s startup ecosystem. The close marks another step forward for the region’s FinTech market, which is projected to be one of the fastest-growing globally with 35% annual revenue growth expected through 2028. 🚀 Read more: https://lnkd.in/dqpmtvGB Source: Wamda ومضة #VentureSouq #FinTech #VentureCapital #MENAStartups #StartupEcosystem

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BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, for brokerage and custody activities. Read more: https://lnkd.in/d8Wj684Y BurjX, Omar Abbas, Ryan Lemand, PhD, Adam Ferris #FintechNewsSaudiArabia #BurjX #FSRA #ADGM #DigitalAsset #CryptoTrading #Cryptocurrency #AbuDhabi #Web3 #Bitcoin #MiddleEast #SaudiArabiaFintechNews

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The Arab Energy Fund modernized its corporate lending with Temenos, replacing manual processes with automation across bilateral, club, and syndicated deals.   The result?   ✔️ Real-time covenant tracking ✔️ Pro-rata reconciliation ✔️ Easier fee + principal management   More flexibility. Less friction. A platform built for scale.   Read more here: https://lnkd.in/eC3krdsj   #VoiceofCustomer

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