That is why we are so proud to have had them in this year’s competition and are excited to engage further with them over the next year. Only the winner will be notified by June 2, via OFID website at www.ofid.org. Clearly it is evident that Banking in Africa is moving onto a new dimension with these Fintechs leading the way. 02 Nov 2020 | Vienna, Austria, 2 November 2020--Mohammad Sanusi Barkindo, OPEC Secretary General, and Joseph McMonigle, IEF Secretary General, today discussed a range of energy-related issues in the IEFâs inaugural podcast. The primary prerequisite that enables the OPEC Fund to continue to function effectively in fulfilling its mandate and meet the standards expected by its Member Countries, is its ability to attract and motivate competent and dedicated human resources. The 1st to 3rd place winners will receive cash prizes worth US$10,0000, $7,000 and US$5,000 respectively. The Board comprises of the Secretary General as the Chairman and National Representatives as members. OPEC Fund helps strengthen Senegal’s food security Vienna, Austria, November 3, 2020. This year’s Finalists made it through an extremely competitive pool of over 600 applicants across Africa, Europe, North America and Asia. OFID (The OPEC Fund for International Development) is pleased to announce that qualified applicants who have obtained or are on the verge of completing their undergraduate degree and who wish to study for a Master’s degree are welcome to apply for the OFID Scholarship 2020/2021. 16 Apr 2020 | HRH Prince Abdul Aziz Bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, and HE Alexander Novak, Minister of Energy of the Russian Federation, held a constructive phone call as part of their regular consultations on the oil market situation and issued a joint statement. It has created the world’s first card acceptance platform that allows unbanked merchants/traders to accept and make digital payments. About the OPEC Fund The OPEC Fund for International Development (the OPEC Fund) works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. 09 Jul 2020 | Vienna, Austria, 9 July 2020--OPEC Secretary General, HE Mohammad Sanusi Barkindo, was interviewed by Carlos Pascual, Senior Vice President at IHS Markit, to discuss the conditions and recent developments in the global oil market. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state.As of September 2018, the 13 … The first and second runner up spots were taken by Ukheshe Payment and Solutions Growth Factor Technologies respectively. Office. All ten (10) finalists have officially been inducted into the Ecobank Fintech Fellowship, a one-year program which will give them the opportunity to explore opportunities for commercial partnerships with the Ecobank Group, and to possibly launch and scale products across Ecobank’s 33 country markets in the continent. 30 Jun 2020 | Vienna, Austria, 30 June 2020--OPEC Secretary General, Mohammad Sanusi Barkindo, today participated in an African Ministerial Roundtable to discuss the impacts of the COVID-19 pandemic on Africaâs energy sector, as well as emerging challenges and opportunities. 12 Nov 2020 | Vienna, Austria, 12 November 2020--OPEC Secretary General, Mohammad Sanusi Barkindo, today participated in the 22nd Meeting of the GECF Ministerial via videoconference. In third place, Growth Factor is a fintech company that provides trade financing solutions designed for Micro-Small/Medium Entities (MSMEs) in order to encourage financial inclusion and growth. Its Nvoicia solution solves cash flow issues caused by delayed payments for SMEs, by enabling them to get paid in 24hrs when dealing with credit clients. 16 May 2020 | Vienna, Austria, 16 May 2020--OPEC Secretary General, Mohammad Sanusi Barkindo, today sent a letter of condolence to HE Eng. 30 Apr 2020 | The OPEC Secretariat has been hosting a series of energy round tables with select experts from international institutions, the oil industry and the financial community following two Extraordinary OPEC and non-OPEC Ministerial Meetings held via videoconference on 9 and 12 April. Deadline: April 14, 2019. The committee of Prince Talal International Prize holds an online meeting to announce the one million dollars winners. Co-financiers include the African Development Bank (AfDB), the International Fund for Agricultural Development and the Africa Growing Together Fund (a facility sponsored by the People’s Bank of China and administered by the AfDB). The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million public sector loan agreement with Senegal to co-finance a project that will boost food security and incomes for around 300,000 people, with a strong focus on women and youth. This fund will cover two years, upon completion of a Master’s degree, or it’s equivalent, at an accredited educational institution, which starts in the autumn of 2020. Kindly note that the OPEC Fund is currently restructuring its scholarship program and will not be accepting applications in 2020. 17 Jun 2020 | Vienna, Austria, 17 June 2020-- The OPEC Secretariat will kick off the commemoration of its diamond anniversary by hosting a special technical workshop, titled âOPEC at 60â, on Tuesday, 23 June 2020, via videoconference. 01 May 2020 | Vienna, Austria, 1 May 2020--HE Mohamed Arkab, Algeriaâs Minister of Energy and President of the OPEC Conference, has called on OPEC Members and non-OPEC oil producing countries participating in the Declaration of Cooperation to fully implement the agreements reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on 9 and 12 April respectively via videoconference. 15 Jun 2020 | Vienna, Austria, 15 June 2020-- HE Mohammad Sanusi Barkindo, OPEC Secretary General, held a bilateral meeting via webinar with HE Tina Bru, Norwayâs Minister of Petroleum and Energy. The roundtable was co-hosted by Senegalâs Ministry of Petroleum and the International Energy Agency (IEA). 14 May 2020 | Vienna, Austria, 14 May 2020--Iraqâs Minister of Finance and Acting Oil Minister, Dr Ali Alawi, emphasised in a statement Iraqâs commitment to the voluntary production adjustment agreement reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on 9 and 12 April respectively via videoconference. OPEC Fund for International Development (OFID) 2020 Young Professional Development Program. 13 May 2020 | Vienna, Austria, 13 May 2020--HRH Prince Abdul Aziz Bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, and HE Alexander Novak, Minister of Energy of the Russian Federation, held a phone call as part of their regular consultations on oil market developments and issued a joint statement. OFID Scholarship. OPEC-ECS-OPEC Fund hold second annual legal workshop. 01 May 2020 | Vienna, Austria, 1 May 2020--Azerbaijanâs state oil company SOCAR announces major oil production adjustment plans for 2020, 2021 and 2022 as part of Azerbaijanâs commitments to the voluntary production adjustment agreement reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on the 9th and 12th of April respectively via videoconference. 02 Oct 2020 | Vienna, Austria, 2 October 2020--The Technical Workshop with agencies forecasting global oil demand and non-OPEC supply concluded today, 2 October 2020. 30 Apr 2020 | Vienna, Austria, 30 April 2020--Abu Dhabi National Oil Company (ADNOC) has notified its customers in a letter of its plans to voluntarily adjust its crude oil production in May and June 2020.