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International Islamic Trade Finance Corporation (ITFC)

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    • The Arab Africa Trade Bridges Program (AATB) Fosters Trade Development in Africa with the Signing of Two Key Agreements at Intra Africa Trade Fair (IATF) 2023
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab Africa Trade Bridges Program (AATB) Fosters Trade Development in Africa with the Signing of Two Key Agreements at Intra Africa Trade Fair (IATF) 2023

Agreements aim to accelerate Economic Growth and Establish a Platform for the Exchange of Knowledge and Capacity-building in Africa

The Arab Africa Trade Bridges Program, a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt. Eng. Hani Salem Sonbol, the CEO of ITFC, Acting CEO of ICD, and Secretary General of…

International Islamic Trade Finance Corporation (ITFC)

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    • Joint African Continental Free Trade Area Implementation Support Project Announces Progress Update
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Source: International Islamic Trade Finance Corporation (ITFC) |

Joint African Continental Free Trade Area Implementation Support Project Announces Progress Update

Project Activities Strengthened Agreement Implementation in Burkina Faso, Guinea, Niger, Senegal, and Togo

The African Continental Free Trade Area Implementation Support Project, a joint project established and funded by the United Nations Economic Commission for Africa (ECA), the Enhanced Integrated Framework (EIF), Islamic Development Bank (IsDB), the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) and the Trade Development Fund (TDFD), today announced a number of…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) conducts first transaction with partners on Bolero trade finance platform

The transaction concerned a cotton shipment originating from Burkina Faso, shipped by CMA CGM Group from the Port of Lomé in Togo

A Cash Against Documents transaction orchestrated by Saudi-based ITFC (www.ITFC-IDB.org) was successfully completed between SOFITEX (www.SOFITEX.bf) and Louis Dreyfus Company (LDC) (www.LDC.com), using an electronic bill of lading issued by the CMA CGM Group (www.CMA-CGM.com), a world leader in shipping and logistics, through Bolero’s (www.Bolero.net) digital trade finance platform for…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

Over 1,000 Financial Stakeholders Participate in the Arab-Africa Trade Bridges Program Investment Pillar Webinar Aimed at Growing Regional Trade Investment and Technology Transfer

Initiative showcased key investment, trade and insurance pillars designed to improve trade between Arab and African countries, targeted at key sectors including agro-food, health, and pharmaceuticals amongst others

Under the umbrella of the Arab-Africa Trade Bridges (AATB) Program, three IsDB Group Private Sector Entities hosted a webinar on key trade finance and investment components aimed at fostering regional trade. The entities included the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the Islamic Corporation for the Insurance of Investment…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank partner to Boost Institut Pasteur de Dakar’s and a network of African laboratories on COVID-19 Biomedical Research Program through IsDB Reverse Linkage Mechanism

The Institut Pasteur de Dakar is a biomedical research center in Senegal and its influence extends to West Africa and beyond

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org/)  and the Islamic Development Bank (IsDB), are to support Institut Pasteur de Dakar (IPD) based in Senegal with medical equipment and biomedical research in the fight against COVID-19 across a network of laboratories in several Sub-Saharan African countries. This intervention is facilitated through…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

IsDB and ITFC, under the Reverse Linkage and Arab Africa Trade Bridges Program, Launch E-Learning and Knowledge Sharing Platform for COVID-19 Medical Preparedness and Response in African Countries

The initiative aims firstly to build the capacities of medical staff in African countries on their COVID-19 response protocols and approaches

As part of the crisis response actions to strengthen the capacities of member countries to withstand the socio-economic impact of the COVID-19 pandemic, the Islamic Development Bank (IsDB) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), in coordination with their partners, the Moroccan Society of Anesthesia, Analgesia and Resuscitation…