Islamic News Archive - East Africa

The iib East Africa-Djibouti branch held on 16/02/2024, its annual strategic session at the Best Western Premier Djibouti Hotel to take stock of the achievements and progress achieved in 2023 and present the challenges and goals for 2024 Key stakeholders, executives and operational teams came together to reflect on past achievements, strategize for the future and foster team building in a friendly and inspiring atmosphere.

In his opening speech, Director General M. Maruf Ahmed gave a panoramic presentation of our bank’s past performance, highlighting milestones, successes and lessons learned. Through deep analysis and reflection, we celebrated our achievements and identified areas for growth and improvement.
Participants gained invaluable insights into emerging technologies, market trends, regulatory changes, and customer expectations, enabling them to chart a course for sustainable success.

In addition to stimulating discussions, the event featured interactive team-building activities designed to enhance collaboration, communication, and cohesion, to cultivate trust, improve problem-solving skills, and foster a culture of innovation and resilience.

#iib #iibanks #internationalinvestmentbank #iibeastafrica

iibanks took center stage at the Djibouti International Fair, Red Sea Exhibition, from December 3rd to 10th, presenting two captivating attractions that defined its participation at the event.

The main attraction of the event was the live Millionaires Draw, a riveting affair hosted by Djibouti’s own celebrated influencer, Omyreen. Attendees witnessed the excitement unfold as winners were announced, adding an element of thrill to the trade event.

In addition to this, iibanks showcased technological innovation with a thrilling VR experience featuring the #iib Millionaire’s Safe. Attendees were immersed in a virtual journey provided by iibanks at their stall. This dynamic presentation emphasized iibanks’ commitment to pushing the boundaries of traditional banking.

The event drew the attention of esteemed guests, including the Ministry of Education and the President of the Chamber of Commerce, who visited the #iib stall, acknowledging the bank’s active participation and innovative offerings at the exhibition.

Red Sea Exhibition_0002_Screenshot 2024-02-02 at 4.28.40 PM

Working with Sounah-Alhaya and other charitable organisations, iib Djibouti reached out to the community to help ease the burden off Eid-ul-Adha. Activities were centred around the distribution of food bags to needy families to help with the sentiment of feasting after fasting. Children clothing was also distributed and a party was held for the children to celebrate the occasion. iib also made a donation to special need school for children.

The International Investment Bank (Djibouti) S.A. announced a customer donation matching commitment to support the COVID-19 government support fund. iib customers donated DJF 10 million which was equally matched by the Bank.

On 16 June 2020, iib Djibouti represented by Mr Raj Dussoye, Chief Executive Officer of iib (Djibouti) donated the total amount of DJF 20 million to the COVID-19 fund in the presence of officers from the Ministry of the Budget (Ministère du Budget, Djibouti). The donation was broadcasted on the national television, Radio Television of Djibouti (RTD). The donation is in support of the government’s effort in fighting COVID-19.

The Ministry of Economy and Finance, in charge of Industry has created within the Partial Credit Guarantee Fund of Djibouti (FGPCD) a new product called Exceptional Depreciable Cash Credit. This new product aims to allow bank financing exceptional for the benefit of companies whose cash flow was negatively impacted by the Covid-19 health crisis.

As you are aware, Djibouti is currently facing a difficult situation due to COVID 19 and the President of the Republic has called for solidarity from one and all to combat this calamity.

The confinement has become a necessary evil to combat the Virus. While we, ordinary citizens, are confined in the security of our homes, we have some warriors on the front line who are fighting day and night against this virus. They are sacrificing their health and their security as well as that of their families for us. They include doctors, nurses and other health professionals.

But let us not forget the officers of the police and the military, who are working, all round the clock, to ensure that we respect the rules of confinement. They are also directly exposed. Many of those warriors are clients of iib Bank.

iib Group, through iib Bank in djibouti, has thought of being besides those warriors of the frontline. We were made aware that they were needing water coolers for and Parasols. We quickly procured them with the help of our friends Said del Waiss of HALT Group and Mr Gamil. I wish to thank them both for their invaluable help.

Today, I had the honour of donating to the National Police 50 water coolers and 50 Parasols which will be used at road blocks. This is a symbolic gesture from iib Group and we will be coming with other measures to be besides the people of Djibouti during these difficult times.

iib Group and iib Bank in Djibouti remain fully committed to the development of Djibouti and remain united and in solidarity with the people of Djibouti.

I would like to thank my Team, Team iib, which put in lots of efforts for this project and other projects to come very soon, INCHA ALLAH.

iib is bringing its contributing stone………, and You?