The Islamic Development Bank (IsDB) has approved development projects worth $1.27 billion across 12 member countries in Asia, Africa, and the Middle East, aimed at boosting sustainable growth, agriculture, energy, and SME opportunities.
At its 362nd meeting held on September 29 and chaired by IsDB President, Dr. Muhammad Al Jasser, the bank outlined funding support for key sectors including transport, renewable energy, education, healthcare, ICT, water, and governance reforms.
Nigeria is among the beneficiaries, with $50 million allocated to strengthen agricultural resilience in Yobe State. The project will focus on building market-oriented, climate-resilient value chains designed to raise rural incomes and enhance opportunities for smallholder farmers and agribusinesses.
Other African nations are also set to benefit. Uganda will receive $36.8 million for oncology centres to tackle cancer-related deaths and EUR73.3 million for rural economic growth initiatives. Senegal secured EUR36.5 million for a school meals programme connecting local farmers to stable markets, while Sierra Leone will access $30.55 million to expand its cassava value chain, creating new opportunities for women, youth, and small businesses.
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Projects in Pakistan, Uzbekistan, Bangladesh, Türkiye, Guinea, Tunisia, Comoros, and Mauritania will focus on road infrastructure, solar power, water supply, ICT, and governance reforms—all designed to boost trade, connectivity, and livelihoods.
The IsDB also committed $7 million for Tadamon 2.0, a multi-country programme aimed at empowering vulnerable populations through digital skills, healthcare, and access to Islamic finance, while supporting civil society organisations.
"These approvals demonstrate the Bank's commitment to inclusive growth, cleaner energy, resilient infrastructure, stronger governance, and sustainable livelihoods," Dr. Al Jasser stated.
