The government of Zambia has used a $600m loan from the African Development Bank (AfDB) Group, coupled with its own resources, to buy back a $1.36bn sovereign Eurobond.
Everest Group has promoted Mr Craig Hanrahan to the role of Global Distribution and Chief Commercial Officer, effective 1 August 2026.
Coface has appointed Mr Ivor Miric as Head of Debt Collection Sales for APAC.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, concluded its participation in the IsDB Group Annual Meetings 2026 in Baku in Azerbaijanwith the signing of seven agreements, memoranda of understanding, and insurance policies valued at more than $1bn.
The credit insurance business in Indonesia is facing challenges in terms of profitability and risk exposure as claim costs outpace premium growth and higher interest rates threaten to worsen loan quality, reported the JakartaGlobe.id.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, and the Arab Trade Financing Program (ATFP) have signed a Bank Master Policy under a Comprehensive Islamic Finance framework, strengthening their longstanding partnership to facilitate trade, enhance access to finance and support sustainable economic growth across member countries.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has shown strong business growth in 2025.
SACE, the Italian export credit agency, owned by the Ministry of Economy and Finance, and Qatar Development Bank (QDB) have signed a reciprocal reinsurance agreement to support export credit transactions involving Italian and Qatari suppliers in international markets.
Coface has appointed Mr James Yau as Head of Commercial, Southeast Asia (SEA) and Head of Mid-Market, APAC.