Islamic finance

January 18, 2018

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Islamic finance boosts intra-African trade

A number of financing agreements, totalling over US$250mn, have been raised in support of the African Export-Import Bank (Afreximbank) in recent weeks.

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, has provided a US$100mn and a €50mn facility, both of which will be used to support trade transactions involving ITFC member countries that are also Afreximbank participating member countries.

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