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Economics Club, World Affairs Council Host African Finance Expert

An Old Dominion University Graduate who directs an eight-country African finance and economic development agency will speak in Norfolk next week, hosted by the Economics Club and World Affairs Council of Greater Hampton Roads, two organizations connected to ODU.

Lamine Mbacke, President of African Institute of Islamic Finance (AIIF), based in Senegal, has an M.B.A. from Old Dominion University. The organization he directs provides advisory and training services in Islamic Finance, targeting the eight West African countries belonging to the same economic and monetary union.

AIIF organized Africa's first Islamic finance forum, presided by Islam Development Bank (IDB) President M. Ahmad Mohammad Ali and the president of Senegal, Abdoulaye Wade.

The address will be held Wednesday, Nov. 12, from noon to 1:30 p.m., at the Norfolk Mariott Waterside. To attend, see HERE. For information or registration, attendees can also contact Katrina Davenport at kdavenpo@odu.edu or 757-683-5138.

Mbacke's lecture, "Understanding Islamic Finance and its Role in Economic Development" will touch on the pivotal role AIIF and IDB have played in stimulating economic growth in the region, which is poised to lead Africa in economic growth in the next decade, but which also faces a series of challenges.

In addition to his ODU M.B.A. Mbacke has experience at Saks 5th Avenue, Citibank Dakar, Citi-Islamic Finance at Citibank Bahrain. He is a graduate of Higher Institute of Islamic Finance of Bahrain (Bahrain Institute of Banking and Finance), and a participant in the Islamic Finance Project at Harvard Law School.

Founded in 1969, the World Affairs Council of Greater Hampton Roads is one of nearly 100 chapters of the World Affairs Councils of America (WACA). A 501(c)3 non-profit, non-partisan, educational organization, the Council is dedicated to promoting an understanding of global issues through education and public discussion, believing that a well-informed public is essential for the conduct of foreign policy to a democracy. Based on this belief, the attendance of high school students and full-time college students is subsidized at the majority of Council programs. See the Council's website HERE.

The Economics Club, sponsored by Old Dominion University's Strome College of Business, attracts world class speakers in business-related fields to speak to an audience of local business and academic leaders. It was established in 1991 as a community service by former ODU President James V. Koch, and is administered by Vinod Agarwal, interim dean of the Strome College of Business, under the supervision of an elected board.

For more information about the Economics Club and its events, contact executive director Bruce Rubin at brubin@odu.edu or 757-683-3590; administrative assistant Katrina Davenport at kdavenpo@odu.edu or 757-683-5138; or visit the Economics Club WEBSITE.

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