The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Banks (IsDB) Group, and the Trade Development Bank Group (TDB Group) have been working together for several years to finance trade in goods critical to the food and energy security of TDB Group member countries.
Building on TDB’s over USD 800 million participation in the ITFC syndicate facility, the multilateral financial institutions are committed to further expanding their cooperation in 2026 and beyond. To this end, the partners have just signed a framework agreement in Abuja to expand the existing ITFC Murahaba facility to TDB by US$100 million, increasing the target to US$200 million.
The signing took place on the sidelines of the 5th Arab-African Trade Bridge (AATB) Program Board meeting held in Abuja, Federal Republic of Nigeria.
The proposed facility is intended to support the TDB Group’s trade operations across key member countries, benefiting both the private and public sectors, support the import and export of strategic goods, and increase liquidity in key sectors, particularly in markets where ITFC and the TDB Group share development priorities.
Commenting on the signing, Eng. ITFC CEO Adeeb Y. Al Ahma emphasized, “Our cooperation with TDB Group continues to demonstrate how strategic partnerships can deliver real development impact on the ground. Through this new and expanded cooperation, we are strengthening our shared commitment to enabling smoother trade flows, supporting private sector competitiveness, and promoting sustainable economic growth across the region.”
Admas Tadesse, President and Managing Director of TDB Group, said: “We are pleased to celebrate and continue to strengthen our partnership with ITFC, which has become TDB Group’s key partner in the trade of essential goods in the region. We look forward to continuing to strengthen trade, investment and other relationships between the OIC and TDB Group countries.”
As both institutions continue to deepen their cofinancing efforts, this initiative strengthens their shared commitment to fostering economic integration, trade competitiveness, and private sector growth across Africa.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).
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About International Islamic Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Banks (IsDB) Group. It was established with the primary purpose of facilitating trade between OIC member countries, ultimately contributing to the overarching goal of improving the socio-economic conditions of people around the world. Started operations in January 2008, ITFC has provided over USD 90 billion in financing to OIC member countries, making it a leading provider of trade solutions to meet the needs of these member countries. With a mission to be a catalyst for trade development in OIC member countries and beyond, we help member countries gain better access to trade finance and provide them with the trade-related capacity-building tools they need to succeed in global markets.
About TDB Group:
Founded in 1985, the Trade and Development Bank Group (TDB Group) is Africa’s regional multilateral development bank with a mission to finance and promote trade, regional economic integration and sustainable development in Africa. TDB Group has several subsidiaries and strategic business units, including Trade and Development Bank, TDB Asset Management (TAM), Trade and Development Fund (TDF), TDB Captive Insurance Company (TCI), ESATAL Fund Management Company and TDB Academy.
