ITFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements
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By Fleur Tchibota On the sidelines of the Afro-Arab Trade Finance Forum DUBAI, UAE, December 24, 2017/ — The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank) (www.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 exports amongst African countries and between Africa and the rest of the world. The agreements were signed by Eng. Hani Salem Sonbol, the CEO of ITFC, and Mr. Amr Kamel, Executive Vice...