Africa Islamic Economic Foundation (AFRIEF), an independent organization in the Republic of Ghana that facilitates the exchange of knowledge, experience and the practice of Islamic economics, finance and the evolving Halal economy in Africa and T. Livens Holdings, a leading merchant banking firm in Cote d’Ivoire, have announced the signing of a Memorandum of Understanding (MOU), with a general objective to have an association to strengthen, encourage communication and collaboration between the two organizations in areas of mutual concern and benefit; to offer strategic advisory and training services (such as corporate trainings, workshops, seminars, conferences) in Islamic economics, finance and the Halal economy with mutual cooperation in Cote d’Ivoire. The MOU also seeks to nurture the creative role of national and international scholarly communication and collaboration in the development and dissemination of knowledge of Islamic economics and finance, learning, research and facilitation of innovative programs of action aimed at improving livelihoods in Cote d’Ivoire.

The two organizations have also agreed to jointly launch a wide range of projects involving research, training, policy development, and community-focused works designed to promote an asset-based/interest-free paradigm of economic development and increase support for transformative strategies among community stakeholders, anchor institutions, and key policymakers in Cote d’Ivoire. The two collaborating entities have also agreed to employ their innovative operational support systems to provide advisory and support services to accelerate the emergence of quality and well capitalized start-ups in Cote d’Ivoire. Furthermore, they will support micro finance institutions (MFIs) in Cote d’Ivoire to achieve their strategic business goals by offering them a variety of services in good corporate governance, marketing, financial management, strategic growth planning, technology and innovation

Mr. Baba Yunus Muhammad Comments:

Mr. Baba Yunus Muhammad, President of Africa Islamic Economic Foundation (AFRIEF) has this to say: “this collaboration marks an exciting chapter for AFRIEF as it will inject its international experience, network and strength into the service portfolios and in-country knowledge and capabilities of T. Livens Holdings to deliver services in Islamic economics and finance, international trade and project development, institutional, technology and human development; and to support the Government of Cote d’Ivoire, public and private sector organizations to accelerate the growth and development of Cote d’Ivoire. We believe the two organizations have complementary capabilities and we are very excited at the power of combining these to create a full-service portfolio leveraging a larger pool of local talents. No doubt, this relationship will create strong synergies in both business and talent development, and it will help to accelerate AFRIEF’s vision of becoming the leading Islamic economic organization in Africa supporting research and growing new ideas needed for sustainable economic development and poverty alleviation in Cote d’Ivoire”.

Mr. Mehmet Issa Ndiaye Comments:

Mr. Mehmet Issa Ndiaye, CEO of T. Livens Holdings has this to say: “This partnership with AFRIEF is in line with T. Livens Holdings’ mission to make Africa the next frontier in terms of global investments. The T. Livens Holdings team is thrilled by the perspective of benefiting from the strong knowledge, experiences and connections AFRIEF has to offer with respect to Islamic Economics, and we are more than eager to accompany Cote d’Ivoire government’s ambition to reach the emerging country status by 2020.”

About the Africa Islamic Economic Foundation (AFRIEF)

The Africa Islamic Economic Foundation (AFRIEF) is an independent organisation that facilitates the exchange of knowledge, experience and the practice of Islamic economics, finance and the evolving Halal economy in Africa. AFRIEF assumed the legal status of a Non-Governmental Organisation on 9th December, 2013 and its secretariat, located in Tamale in the republic of Ghana is at present hosted by Al Furqan Foundation.

About T. Livens Holdings

  1. Livens Holdings is a Côte d’Ivoire-based merchant banking holding company that invests in high growth, nascent, undervalued and/or distressed companies, with good corporate culture, strong track records and competent executives, evolving into niche sectors with solid economic and/or demographic backing, mainly in Africa. It also provides Risk Management, Capital Raising and Strategic Consulting services to Governments, Companies, and Individuals alike.