2022 IsDB Group Annual Meetings to Convene in Sharm El-Sheikh from June 1- 4

 

2022 IsDB Group Annual Meetings to Convene in Sharm El-Sheikh  
1-4 June

 

Cairo, Egypt, 28^th of May 2022 - The Islamic Development Bank (IsDB) Group affiliated entities are to hold their 2022 Annual Meetings in Sharm El-Sheikh, Egypt, from 1-4 June 2022, under the theme of: “Beyond Recovery: Resilience and Sustainability.” These meetings come under the umbrella of “The 47^th Annual Meeting of the Board of Governors of the Islamic Development Bank”.

Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD).

Mr. Oussama Abdul Rahman Kaissi, Chief Executive Officer of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC).

On the occasion, H.E. Dr. Hala El Said, Egypt's Minister of Planning and Economic Development and IsDB Governor for the country, has underlined the importance of the strategic partnership between the Arab Republic of Egypt and the IsDB Group and its entities in a way that all relevant stakeholders achieve development and economic growth.

She noted that IsDB’s Group’s private sector development arm -  the Islamic Corporation for the Development of the Private Sector (ICD) - plays a leading role in its mandate through direct financing operations, offering asset management, encouraging cross border investments, developing Islamic capital markets, and providing financial advisory services.

She also expressed her keenness to facilitate the cooperation between the Bank and the Sovereign Fund of Egypt with the aim of achieving the country's development goals, thus creating wealth for future generations.

Minister El Said pointed out that IsDB Group’s investment insurance arm -  the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) - plays an important role in supporting Egyptian investors and exporters. It amplifies the entity’s activities and services in Egypt while setting up a lasting mechanism for the promotion process, to attract incoming foreign investments and provide opportunities for Egyptian exports to enter foreign markets. ICIEC has so far provided relevant insurance coverage for US$7.35 billion worth of businesses in Egypt, including covering operations related to imports and exports, credit services on exports and securing foreign investments, making Egypt among the first ten countries that benefit from ICIEC’s insurance services.

H.E. Minister El Said also praised IsDB Group’s international trade finance arm – the International Islamic Trade Finance Corporation (ITFC) -  for integrating its efforts with Egypt’s initiatives that support and empower women economically. Moreover, she underscored ITFC’s cooperation with the Ministry of Trade and Industry in preparing a proposal aimed at supporting and developing the capabilities of women working in the field of traditional handicrafts, as well as increasing their ability to export abroad. This is all thanks to ITFC’s foreign trade and institutional support, in addition to the constructive cooperation in Egypt’s second annual program within the Arab-African Trade Bridges Program (AATB), which is managed by ITFC, through organizing a number of exhibitions in Africa within the framework of facilitating Egyptian exports to African markets and in line with Egypt’s strategy in the same field.

 The IsDB Group 2022 Annual Meetings in Sharm El Sheikh come in response to an invitation from the Arab Republic of Egypt, with an aim to enhance cooperation together and consolidate economic relations amongst IsDB Group member countries. Representatives from international and regional financial institutions, Islamic banks, national development finance institutions, business associations, and consultants from member countries are attending the activities preceding the meetings.

The meetings mainly comprise: “the 29^th Meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)”, “the 22^nd General Assembly of the Islamic Corporation for the Development of the Private Sector (ICD)”, and “the 17^th Meeting of the Board of Governors of the International Islamic Trade Finance Corporation (ITFC)”.

Mr. Oussama Abdul Rahman Kaissi, Chief Executive Officer of The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), stressed that the corporation aims to enhance commercial transactions in its member countries and facilitate the flow of foreign direct investments to them.

He added: “In order to achieve its objectives, ICIEC provides credit solutions to cover political and commercial risks, in addition to insurance and reinsurance solutions that enhance credit, in accordance with the provisions of Islamic Sharia.”

Mr. Kaissi also referred to ICIEC’s solid relations with Egypt, underpinning the readiness of the Corporation to support the Egyptian economy, in line with Egypt Vision 2030 and its endeavors to achieve sustainable development goals.

For his part, Mr. Ayman Amin Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated that the Corporation plays a vital, complementary role in implementing IsDB and the international financial institutions’ activities that take place within the member countries, pointing out that Egypt has been acquiring a long history and an extended relationship with the Bank and its affiliated institutions since 1974, which has resulted in a Group cooperation portfolio of more than US$16 billion.

Additionally, he clarified that the corporation attaches primary importance to working on establishing, expanding, and modernizing the private sector through financing projects of a myriad of companies, along with other Small and Medium Enterprises (SMEs), and those projects get evaluated as per their contribution to the economic development; via creating job opportunities and thus facilitating the achievement of the UN Sustainable Development Goals (SDGs).

Mr. Sejiny concluded: “ICD also provides advisory services to governments and private sector institutions, abiding by certain policies that raise the efficiency of operations and develop capital markets with the adoption of best management practices. ICD also works to establish and strengthen partnerships, with the aim of establishing joint funding, as we are keen on applying Fintech to ensure financial inclusion.”

On the occasion, Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC), stated: “ITFC is a strategic partner for development in Egypt and will continue to provide integrated commercial solutions that meet the needs of the Arabic Republic of Egypt in vital sectors.”

A number of significant events, including the Business Forum for the Private Sector and a number of major events related to the preparation of the 27th session of the Conference of the Parties (COP27), to the United Nations Framework Convention on Climate Change slated for November 2022, the green economy, achieving sustainable growth and other international issues, will also be taking place on the sidelines of the IsDB Group 2022 Annual Meetings.

-Ends-

For more details Contact:

Mohamed Rashad

Media Relation Director,

Email:

Mohamed.Rashad@influence-me.com

Cell: (+2) 01228951929.

 

 

 

 

SC Johnson Grows Sustainability Around the World

2 Apr 2010 16:52 Africa/Lagos


SC Johnson Grows Sustainability Around the World

New Ad Stems from a Flower

RACINE, Wis., April 2 /PRNewswire/ -- SC Johnson believes a flower can change a community. The company's latest ad, titled "Flower," highlights the company's work with partners in Rwanda. For more than 40 years, SC Johnson, A Family Company, has purchased pyrethrum (py), a botanical insecticide that is extracted from chrysanthemums, from East Africa for use in some of its pest control products sold around the world under the Raid® and Baygon® brands.

At one time, the East African region produced over 70 percent of all py traded in the world* and was a major source of cash for many of the farmers. In 2000, 90 percent of the Rwandan workforce earned their living from agriculture and exported crops accounted for approximately 40 percent of the country's gross domestic product (GDP).** Pyrethrum farming has met a lull due to inconsistent harvests and lack of stable business processes.

"We're working together to develop sustainable agriculture and business practices that will strengthen these communities," said Chairman and CEO Fisk Johnson, the fifth generation leader of SC Johnson. "As a family company we're motivated to do our part to make the world better."

SC Johnson is one of the world's largest purchasers of pyrethrum. Through the company's partnership with py farmers, SC Johnson hopes to improve the consistency of the py crops which will lead to significant returns for the farmers, their families and their communities. Pyrethrum is also a sustainable resource. In keeping with SC Johnson's commitment to sustainability and the Earth's resources, the company prefers to use botanical pyrethrum if an adequate supply can be reliably sourced.

Production of the dried flowers was approximately 300 tons in 2008; the company hopes to increase the yield to 1,200 tons this year in Rwanda, so that it can introduce more Raid® and Baygon® products formulated with py.

Approximately 300,000 jobs in the East African regions are attributable to the growth and stabilization of the natural pyrethrum industry, with an increasing number of women in management. Working with the local schools, SC Johnson offers the farmers and their families education in business planning, organization and sustainability. And with the income derived from consistent, reliable py farming and more effective business processes, SC Johnson helps hundreds of children to attend school each year.*

Johnson and citizens of Rwanda are featured in "Flower." The story of recent trips to the py fields is captured in the dialogue. "Behind this flower," Johnson says in the ad, "is a powerful story." The story is one of helping families around the world, that reinforces the company's commitment to developing sustainable solutions for the future.

For more than 120 years, one of SC Johnson's founding principles has been to work to make the world a better place for our families. The company's py work is part of the company's overall sustainability efforts. Among the other ways the company is making a difference:

-- Malaria education support for families and communities from Brazil to
South Africa, including three South African provinces with endemic
malaria
-- Member of the Global Business Coalition on HIV/AIDS, Tuberculosis and
Malaria (GBC), and sharing business expertise, infrastructure and
reach to help improve public health
-- Dengue exposure prevention and awareness programs in Thailand,
Indonesia, the Philippines and India
-- Partnerships with Base of the Pyramid (BOP) communities in Kenya on a
shared-toilet cleaning program to provide families with more sanitary
bathrooms
-- Founding member of Conservation International's Team Earth movement
and focusing on climate change and reducing the company's carbon
footprint
-- Sets aside 5 percent of pre-tax profits globally for corporate giving
- nearly four times the corporate average - and works with partners,
such as Conservation International, Clinton Global Initiative and the
United Way
-- Subsidiary companies around the world contribute an average of 2
percent of pre-tax profits and partner with local foundations



"Flower" will run on several cable networks, including Animal Planet, ABC Family, NBC, CBS, Discovery Health, The Weather Channel, Hallmark, HGTV, National Geographic and various print publications beginning April 3.

To view the new ad and to learn more about SC Johnson's environmental history, visit www.scjohnson.com

About SC Johnson

SC Johnson is a family-owned and managed business dedicated to innovative, high-quality products, excellence in the workplace and a long-term commitment to the environment and the communities in which it operates. Based in the USA, the company is one of the world's leading manufacturers of household cleaning products and products for home storage, air care, and insect control. It markets such well-known brands as GLADE®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® and ZIPLOC® in the U.S. and beyond, with brands marketed outside the U.S. including AUTAN®, BAYGON®, BRISE®, ECHO®, KABIKILLER®, KLEAR®, and MR. MUSCLE®. The 124-year old company, with more than $8 billion in sales, employs approximately 12,000 people globally and sells products in virtually every country around the world. www.scjohnson.com

* World Business Council for Sustainable Development "Dedicated to Making A Difference" Case Study, 2004

** U.S. Department of State Background note on Rwanda, December 2009, http://www.state.gov/r/pa/ei/bgn/2861.htm

Source: SC Johnson

CONTACT: Jenny Taylor, Director - Global Public Affairs of SC Johnson,
+1-262-260-2440

Web Site: SC Johnson