iib East Africa Celebrated with Top Global Sustainability Awards in 2025
These accolades underscore iib East Africa's unwavering commitment to environmental responsibility, ethical banking practices, and inclusive economic development in the Horn of Africa.
On July 18, 2025, Euromoney, opens new tab named iib East Africa Djibouti's Best Bank for ESG, opens new tab in its 2025 Awards for Excellence, reinforcing the bank's role as a catalyst for impact-driven finance in one of Africa's fastest-growing trade corridors.
On January 20, 2025, Global Finance, opens new tab named iib East Africa as the Best Sustainable Bank in its 2025 Sustainable Finance Awards, opens new tab, recognizing the bank's integration of ESG principles into core operations, innovative green financing frameworks, and community-led climate initiatives.
On June 23, 2025, World Finance, opens new tab awarded iib East Africa the title of Most Sustainable Bank in Djibouti, opens new tab, commending its efforts to decarbonize lending portfolios, champion SME access to sustainable finance, and fund renewable infrastructure across the region.
After receiving the award, Papa Demba Diop, opens new tab, CEO iib East Africa stated, "These awards reflect our enduring commitment to creating long-term value not just for our shareholders, but for our communities and the planet. Sustainability is not a siloed function at iib - it is embedded in everything we do."
Sohail Sultan, chairman of iibGroup, opens new tab, stated, 'These recognitions affirm our conviction that sustainable finance is not just responsible - it is resilient, strategic, and essential to long-term prosperity. At iibGroup, we view ESG as a fundamental pillar of stability, growth, and legacy across our markets.'
Operating at the intersection of sustainable finance and responsible development, iib East Africa continues to lead the market with bold initiatives including:
As the region navigates climate and development challenges, iib East Africa is redefining the role of banking in shaping a greener, more inclusive future.
About iib East Africa
, opens new tabiib East Africa is headquartered in Djibouti and is part of the Intercontinental Investment Bank, a purpose-driven banking group operating across key frontier markets. With a strong commitment to sustainability, ethical finance, and regional growth, iib delivers high-impact financial solutions that empower businesses, uplift communities, and preserve environmental capital. For more information, visit www.iibanks.com/eastafrica, opens new tab.
About iibGroup
iibGroup is a financial holding company with operations across the GCC, South Asia, East Africa (Ethiopia–Djibouti trade corridor and surrounding regions), West Africa (based in Cape Verde and primarily serving Portuguese-speaking African countries), and the Caribbean. For more information, visit www.iibanks.com.
Media Contact
Farah Sayeed+973 1711 6633farah.sayeed@iibanks.com
###
SOURCE: iibGroup
Copyright 2025 EZ Newswire
See release on EZ Newswire
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
2 days ago
- Reuters
MTN Uganda to spin off fintech unit into separate firm
KAMPALA, July 23 (Reuters) - MTN Uganda ( opens new tab, the East African country's largest telecom firm, plans to split off its fintech unit into a separate entity and aims to list it on the local bourse in three to five years, the company said late on Tuesday. The company, which has a mobile subscriber base of about 21 million, is a unit of South Africa's MTN Group (MTNJ.J), opens new tab and competes mainly with the local unit of India's Bharti Airtel ( opens new tab. MTN Uganda received shareholder nod at an extra-ordinary general meeting held on Tuesday for the proposed separation of its mobile money and fintech business, the company said in a statement. Mobile money is a cell phone-enabled service that allows subscribers to transfer money and make payments for products and services like utility bills, energy purchases, food orders and ride hails. The platform has grown rapidly in Africa, where it is now widely used. Under the reorganisation, MTN Uganda's mobile money fintech business will be transformed into a separate entity majority owned by MTN Group Fintech Holdings B.V, the fintech arm of MTN Group. The goal is to "ultimately see the independent fintech business list separately on the Uganda Securities Exchange (USE), alongside MTN Uganda, within a three- to five-year period," MTN Uganda Chief Executive Sylvia Mulinge said in the statement.
Coin Geek
2 days ago
- Coin Geek
Rwanda's $200M digitalization project halfway done: official
Getting your Trinity Audio player ready... In Rwanda, the government says its Rwf280 billion ($200 million) Digital Acceleration Project is halfway done. Speaking to lawmakers recently, the CEO of the Rwanda Information Society Authority (RISA), Innocent Bagamba Muhizi, said the project is 55% complete, with the government targeting completion by 2026. The World Bank funds the project and aims to digitalize public services and integrate emerging technology to improve education, health, and agriculture. It supports access to smart devices in marginalized communities and nationwide digital literacy programmes. It also funds connectivity for remote government offices, schools, and hospitals. The project further aims to boost digital ID uptake in the country, channeling $39.3 million to the cause. 'The goal is to enable citizens to carry out secure digital transactions—like opening a bank account—remotely, using digital IDs instead of physical cards. This will be supported by an application installed on smartphones that authenticates users via biometric data,' Muhizi said. Rwanda ranks as one of Africa's leaders in digitalization. The East African nation ranked third in the African Leapfrog Index, behind South Africa and Kenya, in digital public services. A separate report by the International Data Center Authority ranked Rwanda first on the continent for digital readiness. UK welcomes eVisas, digital ID transition faces trust setback Elsewhere, the U.K. government has transitioned from physical visa documents to eVisas to boost security and reduce processing times. However, the Labour administration's push to transition to digital IDs is facing pushback, with public distrust emerging as the greatest hurdle. The U.K. Visas and Immigration Department (UKVI) has been rolling out the eVisa for nearly two years. Since March last year, over 4.3 million people have received the eVisa; between August and December last year, the department registered 3.2 million new accounts. On July 15, UKVI officially announced that it had transitioned into a digital immigration system. It touted some benefits such as enhanced security since the digital document can't be tampered with, reduced costs and wait times, and faster processing at U.K. borders. However, while the transition into the eVisa system was swift and smooth, the U.K. government's push for digital IDs has been marred by political controversy and public backlash. UK's digital ID hindered by public distrust The U.K. has been exploring a digital ID for years to keep up with rapid advancements in the digital economy, especially with its peers like France and Germany moving fast. Under Prime Minister Keir Starmer, the Labour administration has ramped up its predecessor's efforts since taking over last year. In April, a group of Labour MPs under the Labour Growth Group wrote an open letter calling for digital ID to improve public services and mitigate the country's immigration challenge. The lawmakers noted that a digital ID would bolster the government's development agenda and called on the administration 'not to miss this opportunity.' More recently, former Chief of Secret Intelligence Service, Alex Younger, told the BBC, 'It's absolutely obvious to me that people should have a digital identity.' However, multiple studies show that public distrust of a digital ID remains high. Even leaders who support the initiative have called for stringent oversight to avoid abuse. One of these is Harriet Harman, a former deputy leader of the Labour Party. While she acknowledged that it would deter illegal immigration to the U.K., she says people's support 'depends on whether or not you think the state is going to actually overstep the mark and oppress people.' The government's approach hasn't helped. Last December, it ran an ad on local outlets that painted critics of the digital ID as outdated and clumsy. It didn't go down well with the majority of U.K. citizens. The digital ID faces similar public distrust as the proposed digital pound. The central bank indicated on Tuesday that it's now mulling shelving the plans for the CBDC to focus on supporting private-sector digital payment initiatives. Distrust of the government in the U.K. remains among the highest in the world, a 2024 study revealed, with only Colombia recording a steeper drop year over year. Watch: Digital identity is a core part of Web3—here's why title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Scotsman
3 days ago
- Scotsman
Over half of Scottish firms committed to employee volunteering, research finds
A new wave of workplace volunteering is quietly reshaping how Scottish businesses are approaching productivity and employee wellbeing. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... New research commissioned by national charity Royal Voluntary Service found 57% of firms in the country now offer paid volunteering time to staff, with 26% introducing it in the last 12 months alone. The data suggests this uplift in volunteering amongst the Scottish business community is being driven by a desire to tackle employee burnout (36%), engage staff (27%) and boost performance (31%), as well as to deliver social impact – 80% of businesses in the region agree volunteering is important to their company purpose and ESG goals. Advertisement Hide Ad Advertisement Hide Ad 1000 UK companies were questioned for the study, with the findings published in a new repor t Untapped impact: unlocking the 140 million hour opportunity. Volunteering can boost productivity and improve employee engagement The report also features new analysis by the Centre for Economics and Business Research (Cebr), which reveals that increasing participation in employee volunteering could also generate substantial financial gains. Cebr's analysis suggests the UK economy could stand to benefit from productivity gains worth £32.5 billion each year, or £5,239 per employee working in professional and managerial occupations - if workplace volunteering days were fully utilised The study stresses these productivity gains could be higher still, if the voluntary efforts of those in other job roles were also considered and if paid volunteering time was offered to more employees. However, despite the momentum, across all the UK, companies are not realising the full potential of their volunteering programmes. Employers offer an average of 2.3 days annually, but the study showed more than 140 million hours of gifted time went unused last year. Additionally, not all employees are being given equal access to volunteering opportunities - less than one in five (19%) firms with programmes offer it to all their employees. On average, just half of employees receive the benefit. Advertisement Hide Ad Advertisement Hide Ad Reasons businesses cited for not realising the potential of programmes included a lack of flexible one-off volunteering opportunities (28%) and team activities (17%), difficulty finding the right roles (21%), and not knowing where to start (12%). Unlocking the millions of unused hours could breathe new life into civil society at a time when volunteering is in decline and demand on charities hits new highs. In response, Royal Voluntary Service has unveiled a new Volunteering Marketplace – a suite of services designed to help businesses build, embed and optimise their volunteering and social impact activities. The offer will include bespoke programme design, measurement and reporting, expert consultancy and digital badges to recognise success. At the heart of the charity's Volunteering Marketplace, is a new digital volunteering platform, currently in development thanks to a £5 million investment from players of People's Postcode Lottery. Set to launch later this year, the platform is designed to remove barriers to volunteering for all – offering thousands of flexible, inclusive roles to suit modern working patterns. For businesses, it will offer an end-to-end solution: matching staff to relevant opportunities, making volunteering easier to manage, and enabling organisations to track participation and impact. Subscription-based, the platform aims to become the UK's largest digital volunteering community – one that works for businesses, causes and volunteers alike. It will be free for charities and the public to use. Advertisement Hide Ad Advertisement Hide Ad Catherine Johnstone CBE, Chief Executive, Royal Voluntary Service, said: 'Employee volunteering programmes are fast becoming one of the smartest investments a business can make. As our research shows, those who do it are seeing great results – from improved staff wellbeing and motivation to increased productivity. 'If just some of those 140 million lost volunteering hours were used it could be transformational in its effect. With our new Volunteering Marketplace we will help unlock that potential – making volunteering work for more businesses and their employees and enabling them to click and connect to the causes they care about.' Chris Breen, Head of Economic Insight at Cebr, added: 'Business leaders and employees alike may wonder what's in it for them when it comes to volunteering. Our research shows the answer is quite a lot. If every employee in a professional or managerial role offered volunteer days actually used them, it would have resulted in a £32.5 billion boost to UK productivity in 2024 alone.'
