International Islamic Trade Finance Corporation (ITFC)
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    • Eng. Hani Salem Sonbol, CEO of ITFC and H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor)
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC and the Republic of Cameroon Sign a US$750 Million Three-year Framework Agreement to Support Cameroon’s Key Sectors through Integrated Trade Solutions

A EUR 98 Million Murabaha financing agreement with SODECOTON was also signed to facilitate the purchase of agricultural inputs and cotton seeds

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed on April 12, 2021 two agreements in a virtual signing ceremony between H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor) and…

International Islamic Trade Finance Corporation (ITFC)
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    • The Arab Africa Trade Bridges Program (AATB) Extends its Support for OCP Africa’s Agribooster Program in Côte d’Ivoire
    • ITFC-OCPA signing Agribooster
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab Africa Trade Bridges Program (AATB) Extends its Support for OCP Africa’s Agribooster Program in Côte d’Ivoire

ITFC Partners with OCP Africa to Support Côte d’Ivoire’s Agriculture Output and Train 20,000 Farmers

The Arab Africa Trade Bridges (AATB) Program, a multi-partner Program led by the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), partners with OCP Africa for supporting OCP Africa’s Agribooster Program to reach rice farmers and enhance agriculture value chains within Côte d’Ivoire. The agreement was signed by Dr. Mohamed Anouar…

Source: The World Bank Group |

World Bank Provides $375 Million to Boost Efforts Towards Realizing the Full Potential of Pastoralism in the Sahel

Pastoralism is a key driver of growth that provides livelihoods for more than 20 million people in the Sahel

Efforts to improve the productivity and resilience of pastoral production systems in the Sahel get a strong boost with a $375 million new IDA financing, approved by the Board of World Bank’s Executive Directors today, to support the implementation of the second Regional Sahel Pastoralism Support Project, known by its…

Africa’s Business Heroes (ABH)
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    • Applications Open for 2021 Africa’s Business Heroes Prize Competition
    • Applications Open for 2021 Africa’s Business Heroes Prize Competition - FR
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Source: Africa’s Business Heroes (ABH) |

Applications Open for 2021 Africa’s Business Heroes Prize Competition

ABH, which is the Jack Ma Foundation’s flagship philanthropic program in Africa, annually awards 10 outstanding finalists with a share of a US$1.5 million grant

In its third year, the Africa’s Business Heroes (ABH) prize competition gives African entrepreneurs a unique platform to showcase their talent and grow their businesses; ABH, which is the Jack Ma Foundation’s flagship philanthropic program in Africa, annually awards 10 outstanding finalists with a share of a US$1.5 million grant;…

Food and Agriculture Organization (FAO)
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    • Communities host displaced people and share farmland to fight hunger in Cabo Delgado
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Source: Food and Agriculture Organization (FAO) |

Communities host displaced people and share farmland to fight hunger in Cabo Delgado

The food insecurity situation in Cabo Delgado has deteriorated due to ongoing violence that has disrupted the livelihoods of more than half a million people

After their house was burned down, Abdul Selemane (44), his wife, two kids and mother fled Mocímboa da Praia, one of the districts most affected by insurgent attacks in the northern province of Cabo Delgado. Leaving behind a farm full of crops, Selemane and his family found shelter in the…

Source: African Development Bank Group (AfDB) |

African Continental Free Trade Area (AfCFTA): Free trade bloc can be a game changer for African people and business

The African Development Bank is actively supporting or looking to support initiatives to boost trade and improve livelihoods for Africans

Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the 2021 WTO Aid-for-Trade Stocktaking meeting. The African Development Bank (www.AfDB.org), the United Nations Industrial Development Organization (UNIDO) and International Trade Centre (ITC) organized the session held…

Source: British High Commission Abuja |

Nigeria: Anne-Marie Trevelyan meets experts to discuss climate change vulnerabilities

During her visit, the Minister met a range of interlocutors from the Government of Nigeria, the private sector, civil society and climate change experts

UK’s International Champion for Adaptation & Resilience Anne-Marie Trevelyan meets Federal Minister of Environment, business leaders and civil society experts to discuss Nigeria’s climate change vulnerabilities. On a virtual visit to Nigeria on18th March, Minister Anne-Marie Trevelyan, the UK’s International Champion on Adaptation and Resilience, met with His Excellency Dr…

Food and Agriculture Organization (FAO)
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    • Farmer Lochom Ekiru assesses crop damage caused by Desert Locusts in Turkana County, Kenya
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Source: Food and Agriculture Organization (FAO) |

Food and Agriculture Organization of the United Nations (FAO) aims to provide livelihood assistance to nearly 49 million people in 2021

$1.1 billion needed to fight worsening global food insecurity

As the COVID-19 pandemic, conflict and climate-related crises drive acute levels of hunger higher, the Food and Agriculture Organization of the United Nations (FAO) is seeking $1.1 billion in 2021 to save the lives and livelihoods of some of the world's most food-insecure people. In 2021, FAO is aiming to…

Source: European Investment Bank (EIB) |

Team Europe partners with Equity Bank to support Kenyan business and agriculture amid COVID-19

The financing package will support access to finance at appropriate conditions for Kenyan small and medium-sized enterprises (SMEs), including in the agriculture sector

The European Union and the European Investment Bank, working together as Team Europe, are providing EUR 120 million (KES 15.8 billion) of new support for Equity Bank to enhance financing to Kenyan companies most impacted by the COVID-19 crisis. The financing package will support access to finance at appropriate conditions…

Source: FAO Regional Office for Africa |

FAO organized a workshop in Ouagadougou “AgrInvest - Enabling inclusive and efficient private sector investments in the Burkinabè agri-food systems”

The event's objectives were to present the project to key stakeholders and collaboratively identify two agri-food value chains to be prioritized with the support of AgrInvest-FS

The AgrInvest initiative of FAO aims at attracting private investments into agri-food systems aligned with the SDGs by leveraging public funds. Under AgrInvest, FAO is implementing the project “AgrInvest-Food Systems ” (AgrInvest-FS) to foster sustainable investments in agri-food systems in Burkina Faso, Ethiopia, Kenya, and Niger, which contribute to sustainable economic…