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ITFC Opens 2026 Islamic Development Bank (IsDB) Group Annual Meetings with Focus on Trade Finance, Private Sector Growth, and Regional Cooperation

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Successful Start in Baku Sees ITFC Sign Agreements with The Gambia, Tajikistan, and IFC on the First Day

BAKU, Azerbaijan, June 16, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, opened its participation at the 2026 IsDB Group Annual Meetings in Baku with three strategic agreements signed and a full day of high-level engagements focused on promoting cooperation in the areas of trade finance, trade development, private sector growth, and regional economic cooperation.

 

Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, led the Corporation’s delegation in bilateral meetings with governors and delegations from member countries, including Bangladesh, The Gambia, Guinea, Maldives, Senegal, Somalia, and Tajikistan, as well as with partners, including Vakif Katilim Bank and Turk Eximbank. Discussions focused on expanding trade finance cooperation, strengthening access to Shariah-compliant financing, and identifying practical ways to align ITFC’s interventions with national development priorities.

ITFC also participated in the Halal Economy Leadership Forum 2026, where Mr. Nazeem Noordali, ITFC Chief Operating Officer, joined the Strategic Leadership Dialogue on Ethical Halal Business Models and Risk-Resilient Financing. The session explored how halal economy models, Islamic finance, and risk-sharing mechanisms can support regional integration, MSME participation, and cross-border trade across member countries.

Key Signings

The Gambia: US$250 Million Framework Agreement to Support the Vital Sectors of the Economy

ITFC signed a three-year US$250 million Framework Agreement with the Republic of The Gambia to guide the next phase of cooperation between the two parties. The agreement follows the full utilization of the previous five-year US$250 million Framework Agreement signed in January 2021.

The new agreement will provide a platform for ITFC to support priority sectors in The Gambia, including energy supply, food security, healthcare, agricultural value chains, and private sector financing through local financial institutions.

The agreement was signed by Hon. Seedy K.M. Keita, Minister of Finance and Economic Affairs of the Republic of The Gambia, and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC.

 

Tajikistan: US$10 Million Direct Murabaha Facility to Support Cotton Trade

The International Islamic Trade Finance Corporation (ITFC) signed a US$10 million Direct Murabaha Financing Facility with the Republic of Tajikistan to support the purchase and trade of cotton and cotton-related products. The agreement was signed by Eng. Adeeb Yousuf Al Aama, CEO ITFC and HE. Mr Hokim Holiqzoda, the First Deputy Prime Minister of the Republic of Tajikistan.

The pilot facility will provide working capital to the cotton sector stakeholders, enabling Agency for Export under the Government of the Republic of Tajikistan through processing companies to procure cotton from farmers during the harvest season for further exporting, thus supporting a sector that contributes significantly to export activity, agricultural value chains, and rural livelihoods.

With approximately 37,000 cotton-producing farms and entities engaging an estimated 680,000 people across the country, the financing is expected to strengthen market linkages and sustain income-generating activities. The agreement builds on ITFC’s ongoing support for strategic sectors in Tajikistan and reflects its commitment to delivering Shariah-compliant trade finance solutions that address the development priorities of its member countries.

Regional: Confirming Bank Agreement with IFC to Expand Trade Finance Access

ITFC signed a Confirming Bank Agreement with the International Finance Corporation (IFC), marking a new step in strengthening collaboration between the two institutions to support trade finance across common OIC member countries. The agreement was signed by Mr. Nazeem Noordali, Chief Operating Officer of ITFC, and Mr. Abdullah Jefri, IFC’s GCC Division Director, and witnessed by Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC.

Through the partnership, ITFC will be able to expand its trade finance operations by leveraging IFC’s risk-sharing framework and guarantees covering the payment obligations of issuing banks. The collaboration is expected to enhance access to trade finance for importers and exporters in OIC member countries, facilitate critical cross-border trade transactions, and support greater trade connectivity and economic growth across member countries.

 

Held in Baku, Azerbaijan, the opening day of ITFC’s Annual Meetings program placed trade finance, trade development, and Islamic finance at the center of its agenda. Further agreements and high-level engagements are expected throughout the week as ITFC continues to work with member countries and partners to finance essential trade, expand private sector participation, and strengthen regional connectivity.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

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The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

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Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

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The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

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