International Islamic Trade Finance Corporation (ITFC)
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    • Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban
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Source: International Islamic Trade Finance Corporation (ITFC) |

Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO organized a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban

The week-long event brought together government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss the future of of the African Continental Free Trade Area (AfCFTA), trade, health and post-covid economic recovery

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO), Africa Continental Free Trade Area (AfCFTA) Secretariat,  joined other partners and strategic stakeholders for a strategic roundtable on the Harmonisation of Standards for Pharmaceutical products and…

International Islamic Trade Finance Corporation (ITFC)
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    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (1)
    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Afreximbank and the International Islamic Trade Finance Corporation (ITFC) ratify US$250 million finance facility to Support Africa

The ITFC facility will help advance Afreximbank’s COVID-19 response programme for countries in which both organisations operate

African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery. The agreement was signed between Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem…

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    • ITFC and SESRIC Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries

The Report provides a new perspective on selected OIC Countries: Côte d’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda; and highlights importance of creating regional value chains and support smart infrastructure investment projects to improve connectivity

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and its partner the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), today launched a technical report on the potential impacts of the African Continental Free Trade Area (AfCFTA) on selected OIC countries, namely Côte d’Ivoire, Egypt, Guinea, Mozambique,…

Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC’s Signs a Euro 10 Million Murabaha Financing Agreement with Bridge Bank Group, Cote d’Ivoire (BBGCI) to Support Private Sector and SME Funding

Will make the funding available to the Bank’s growing client-base, especially importers operating in sectors such as energy (petroleum), foodstuffs, agribusiness, and construction

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), granted a Euro 10 Million Murabaha financing to Bridge Bank Group, Cote d’Ivoire (BBGCI). The facility represents a significant portion of BBGCI’s remaining 2021 trade financing requirements and enables BBGCI to support the…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Extends €20 Million to Burkina Faso’s Coris Bank International as Part of ITFC’s Flagship West Africa SME Development Program

This Murabaha financing agreement is aimed at improving access to trade lines of finance for the private sector of Burkina Faso

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, continues its ongoing commitment to strengthen private sector development in Burkina Faso through its latest Murabaha financing agreement with Coris Bank International (CBI). The Euro 20 million agreement is part of the West…

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International Islamic Trade Finance Corporation (ITFC) partners with International Trade Center (ITC) to launch the ‘Women in Global Trade: SheTrades’ Initiative in Egypt

Under the Aid for Trade Initiative for Arab States (AfTIAS) Framework, the Initiative will Boost Women Entrepreneurs’ Export Capacity

In its newest chapter in Egypt, the International Islamic Trade Finance Corporation (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, launched the “SheTrades” initiative in Egypt, which is implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS)…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) signs a US$ 250 Million Framework Agreement to support the Development of Key Economic Sectors in the Republic of The Gambia

The agreement aims at boosting trade development across the country’s agriculture, energy, healthcare, and private sectors over a period of five years

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, has signed a new 5-Year Framework Agreement in favour of the Government of The Gambia that target to provide up to US$ 50 million to the country on an annual basis. The agreement,…

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    • International Islamic Trade Finance Corporation (ITFC) partners with United Nations Industrial Development Organization (UNIDO) to support Egypt’s cotton sector and Sudan’s dairy sector
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) partners with United Nations Industrial Development Organization (UNIDO) to support Egypt’s cotton sector and Sudan’s dairy sector

The two institutions will ensure that these sectors remain resilient with increased production, easier access to finance and an enhanced safe operating environment for workers

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB) and the United Nations Industrial Development Organization (UNIDO) (www.UNIDO.org) today held a high-level bilateral meeting to highlight two project agreements in a virtual kick-off ceremony with Eng. Hani Salem Sonbol, CEO of ITFC…

Source: International Islamic Trade Finance Corporation (ITFC) |

Kyrgyz Republic’s Small and Medium-sized Enterprises (SMEs) Sector to Benefit from International Islamic Trade Finance Corporation's (ITFC) US $4 Million Line of Trade Financing Facility

Latest financing agreement with Commercial Bank Kyrgyzstan to meet the trade finance needs of its private sector clients in their recovery from the impact of COVID-19 pandemic

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has signed a trade finance agreement with Commercial Bank Kyrgyzstan (CBK). The US $4 Million facility, which is the second Line of Trade Finance Facility that ITFC is extending to CBK, is aimed…

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    • Eng. Hani Salem Sonbol, CEO of ITFC and H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor)
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC and the Republic of Cameroon Sign a US$750 Million Three-year Framework Agreement to Support Cameroon’s Key Sectors through Integrated Trade Solutions

A EUR 98 Million Murabaha financing agreement with SODECOTON was also signed to facilitate the purchase of agricultural inputs and cotton seeds

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed on April 12, 2021 two agreements in a virtual signing ceremony between H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor) and…