Business
iib East Africa named Most Sustainable Bank in Djibouti in the World Finance Banking Awards 2025
World Finance Magazine has named iib East Africa the Most Sustainable Bank in Djibouti for 2025 within its annual banking awards.
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[{"type":"text","content":"News provided by World News Media","length":33,"tagName":"p"},{"type":"text","content":"LONDON, Sept. 4, 2025 /PRNewswire/ -- World Finance Magazine has named iib East Africa the Most Sustainable Bank in Djibouti for 2025 within its annual banking awards.","length":172,"tagName":"p"},{"type":"text","content":"Part of the Intercontinental Investment Bank – a global group operating in Africa, the GCC, Asia and the Caribbean – iib East Africa provides high-impact financial solutions to empower businesses in the region, and has put environmental sustainability and community support at its core through a number of initiatives.","length":318,"tagName":"p"},{"type":"text","content":"These include financing renewable energy projects and infrastructure developments that enhance climate resilience; supporting SMEs focused on ESG such as food security; and engaging communities to boost financial inclusion.","length":223,"tagName":"p"},{"type":"text","content":"Recent examples range from providing funding to a solar panel company to financing the expansion of a fibre-optic network project aimed at boosting digital connectivity in the country's underserved regions.","length":210,"tagName":"p"},{"type":"text","content":"The bank is also helping to finance energy-efficient housing units for low-income communities in Djibouti, with homes featuring solar panels, water-efficient plumbing systems and high-quality insulation to reduce energy consumption.","length":232,"tagName":"p"},{"type":"text","content":"Upcoming initiatives include issuing a $20m bond to be invested into projects in the country (set to be listed on the stock exchanges in Cape Verde and Luxembourg); funding a scholarship to support a student from Djibouti to study in the UK in partnership with the acclaimed Chevening programme; and establishing a tree planting day to help further offset carbon emissions.","length":373,"tagName":"p"},{"type":"text","content":""Our commitment to environmental stewardship is deeply integrated into both our operational ethos and strategic planning," said Papa Demba Diop, chief executive of iib East Africa.","length":190,"tagName":"p"},{"type":"text","content":""Our activities are geared towards critical issues like climate change, water security and pollution reduction. Given the region's high solar irradiance, we are pr...