The International Islamic Trade Finance
Corporation (ITFC) will commemorate its 10th anniversary during the 5th
edition of the Rebranding Africa Forum (RAF).
Corporation (ITFC) will commemorate its 10th anniversary during the 5th
edition of the Rebranding Africa Forum (RAF).
The RAF with the themed “Green economy in
Africa: Challenges and Opportunities”, would hold in Burkina Faso from
5-6 October 2018.
Africa: Challenges and Opportunities”, would hold in Burkina Faso from
5-6 October 2018.
ITFC, a member of the Islamic Development
Bank Group (IsDB), seeks to identify tools to accelerate the emergence
of the Africa through RAF.
Bank Group (IsDB), seeks to identify tools to accelerate the emergence
of the Africa through RAF.
RAF is being held for the first time on the continent, following four previous editions in Belgium.
In recognition of its ongoing investments
in the continent to support the development of a fair and sustainable
trade sector amongst its member countries, ITFC has been invited to
launch the prestigious event with a keynote address
by its CEO, Eng. Hani Salem Sonbol.
in the continent to support the development of a fair and sustainable
trade sector amongst its member countries, ITFC has been invited to
launch the prestigious event with a keynote address
by its CEO, Eng. Hani Salem Sonbol.
During the forum, the leading Islamic
trade finance institution will host a series of strategic events to
recognise and honour its key African partners while announcing important
new initiatives designed to advance trade development
across sub-Saharan Africa, a priority region as per ITFC strategy.
trade finance institution will host a series of strategic events to
recognise and honour its key African partners while announcing important
new initiatives designed to advance trade development
across sub-Saharan Africa, a priority region as per ITFC strategy.
As part of its activities, ITFC will host
a bespoke, high-level event for African Heads of States, dignitaries
and other key stakeholders from the Middle East and Africa region under
the theme, “10 Years of Advancing Trade & Improving
Lives in Africa, to the next 10”.
a bespoke, high-level event for African Heads of States, dignitaries
and other key stakeholders from the Middle East and Africa region under
the theme, “10 Years of Advancing Trade & Improving
Lives in Africa, to the next 10”.
“Over the past 10 years, ITFC has been
striving to advance trade and improve lives in sub-Saharan Africa
through a range of strategic financing initiatives and to highlight the
region’s economic potential to other key Islamic
nations.
striving to advance trade and improve lives in sub-Saharan Africa
through a range of strategic financing initiatives and to highlight the
region’s economic potential to other key Islamic
nations.
We are therefore extremely honored to
have been invited to play such a prominent role in this edition of RAF,
and to have the opportunity to renew our partnerships with key African
leaders and corporations. We are certainly optimistic
about ITFC’s role in the next 10 years of the acceleration of African
economies,” said Sonbol.
have been invited to play such a prominent role in this edition of RAF,
and to have the opportunity to renew our partnerships with key African
leaders and corporations. We are certainly optimistic
about ITFC’s role in the next 10 years of the acceleration of African
economies,” said Sonbol.
Additionally, ITFC will be announcing the
launch of an important initiative – the West Africa SMEs Programme–
which aims to improve access to trade finance for SMEs in eight West
African countries through the provision of financing
lines, capacity building and advisory services to partner banks and
SMEs.
launch of an important initiative – the West Africa SMEs Programme–
which aims to improve access to trade finance for SMEs in eight West
African countries through the provision of financing
lines, capacity building and advisory services to partner banks and
SMEs.
Since 2008, ITFC has provided around US$4bn of financing to support trade development in the sub-Saharan Africa region.
One of ITFC’s largest interventions has
been in the development of the West African cotton sector. During the
forum, ITFC will conduct a series of field visits to observe the
outcomes of its financing interventions and investments
in Burkina Faso’s thriving cotton industry.
been in the development of the West African cotton sector. During the
forum, ITFC will conduct a series of field visits to observe the
outcomes of its financing interventions and investments
in Burkina Faso’s thriving cotton industry.
Source: HowwemadeitinAfrica
