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Tag Archives: Million

ITFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

On the sidelines of the Afro-Arab Trade Finance Forum The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank) (Afreximbank.com), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating and financing …

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IDB provides US $14 million for higher education project in Burkina Faso

An agreement providing for a US$ 14 million financing from the Islamic Development Bank (IDB) to support higher education in Burkina Faso was signed at the IDB Headquarters between HE Jean Gustave SANON (Minister of Economy and Finance and IDB Governor for Burkina Faso) and Dr. Ahmad Mohamed Ali (IDB President). The financing is expected to contribute to phase II …

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