FEATURE
International Islamic Trade Finance Corporation (ITFC): Africa’s Trade Solutions Championing Partner in Agricultural Development
ITFC CEO Eng. Hani Salem Sonbol and Delegation inspect cotton farm in Burkina Faso
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tools, which would enable them to successfully mainstream in the global market.
he International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC Member Countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Strategic Positioning and Unique Access Commencing its trade finance operations in January 2008, ITFC has provided more than US$51 billion to OIC Member Countries, making it the leading provider of trade solutions for the Member Countries’ needs. With a mission to become a catalyst for trade development for OIC Member Countries and beyond, the Corporation helps entities in Member Countries gain better access to trade finance and provides them with the necessary trade-related capacity building
30 | May - June 2020
Farmers Review Africa was able to get an indepth interview on the activities of ITFC with the General Manager for Trade and Development, Nasser M. Al-Thekair. Mr. Al-Thekair explained how as a leader in Shari’ah-compliant trade finance, ITFC deploys its expertise and funds to businesses and governments in its member countries- with a primary focus of encouraging intra-trade among its member countries. In Africa, these countries include Burkina Faso, Cameroon, Cote d’Ivoire, Mali, The Gambia, Guinea, and Senegal.
Nasser M. Al-Thekair -ITFC
Projects in Africa Agriculture value chains are an integral part of regional and global integration, linking countries to the global economy. Nowhere is this more prescient but in Africa, given its immense
