Finance

ITFC signs two financing agreements to support Egypt’s main sectors

itfc 12The International Islamic Trade Finance Corporation (ITFC) has signed two new agreements with the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilisation of the fifth framework agreement

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Congo’s RAWBANK signs the China-Africa Inter Bank Association establishment agreement

RAWBANKAbout 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the China-Africa Inter Bank Association in Beijing (CAIBA)

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‘Africa needs to develop a policy response to the digital economy’

Digital trade 11Dr Nimrod Zalk, industrial development advisor in the office of the director-general of the Department of Trade and Industry, has delivered the keynote address at a Workshop on ‘Digital Transformation in Africa: Leveraging the Promise and Addressing New Challenges’

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League of Arab States and ITFC announce cooperation towards intra-Arab trade

intra 11The League of Arab States (Economic Affairs Sector) and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, have signed a MoU towards accelerating cooperation in the development of intra-Arab trade

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Vantage Capital exits New GX Capital

Vantage capitalVantage Capital, one of the leading mezzanine debt fund managers in Africa, has fully exited its investment in New GX Capital, a leading 100 per cent family-owned investment holding company in South Africa

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