Oulimata Sarr secures $400 million IDB trade facility

Oulimata Sarr secures $400 million IDB trade facility

The Senegalese Minister of Economy signed a financing commitment from ITFC, the Islamic Development Bank’s subsidiary, for promoting and supporting trade.

Someone shares this article with you
            ▪ Oulimata Sarr secures $400 million IDB trade facility

▪ The Senegalese Minister of Economy signed a financing commitment from ITFC, the Islamic Development Bank’s subsidiary, for promoting and supporting trade.

https://www.africabusinessplus.com/en/814603/oulimata-sarr-secures-400-million-idb-trade-facility/

The deal promises roughly $400 million in financial commitments for this year alone. The State of Senegal concluded the agreement on 30 January with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IDB) headquartered in Jeddah, Saudi Arabia.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Agribusiness

14/11/2023 at 15h54, by Africa Business+

South African fund manager Challenger seeks investors for open-ended fund

The trade finance-focused asset manager hopes to raise over $1 billion in a decade.

Development Bank

03/11/2022 at 17h27, by Africa Business+

EBID : George Agyekum Donkor obtains $2 billion capital increase

The project to raise EBID’s authorised capital is part of the 2020-2025 strategic plan deployed by the...

Development Bank

25/05/2022 at 18h46, by Africa Business+, updated 26/05/2022

EBID President George Agyekum Nana Donkor wants to raise CFAF 1.3 trillion by 2025

The bank president, currently piloting a new loan of CFAF 120 billion on the regional market, is preparing...

Development Bank

13/04/2022 at 16h42, by Africa Business+

Olavo Correia appointed Chairman of EBID Board of Governors

The Minister of Finance of Cape Verde, Olavo Correia, has taken over the chairmanship of the political...

Development Bank

11/04/2022 at 18h36, by Africa Business+

EBID: George Agyekum Nana Donkor launches second tranche of bonds for CFAF120 billion

The first tranche of CFAF 50 billion was 258% oversubscribed, with an express closing within a few hours.

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.