Connect with us
Anglostratits

Business

The International Islamic Trade Finance Corporation (ITFC) Signs Euro 400 million 2023 Annual Plan with the Republic of Senegal

Published

on

ITFC

Signed Agreements to Provide Trade Finance and Development Support for Continued Economic Recovery and to Offer New Support for the ‘Plan Sénégal Emergent’

DAKAR, Senegal, January 30, 2023/APO Group/ — 

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), today signed a Euro 400 million 2023 Annual Plan with the Republic of Senegal, within the revised US$1.5 billion five-years Framework Agreement signed in 2021 to include new priority sectors. The Annual Plan reflects the longstanding cooperation between ITFC and the Republic of Senegal, with more than US$1 billion of financing and trade facilitation programs provided since the inception of ITFC in 2008, to support strategic sectors such as agriculture, energy, and health in addition to supporting the private sector.

ITFC also signed the Arab Africa Trade Bridges (AATB) Country Program with Senegal, where the program is expected to span over the next two years (2023-2024) covering interventions on capacity development and trade promotion in various sectors like agro-food, pharmaceuticals, and e-commerce. The AATB Program strengthens the government’s effort to enhance trade between Senegal and its African counterparts as well as diversify and grow its trade volume with the Arab region. The AATB country program covers the rolling out of trade projects and supports high-potential sectors in line with the implementation of the African Continental Free Trade Area (AfCFTA) Agreement.

The signing ceremony was held in Dakar between H.E. Oulimata SARR, Minister of Economy, Planning, and Cooperation of the Republic of Senegal, and Eng. Hani Salem Sonbol, ITFC CEO. The ceremony formed part of Eng. Sonbol’s official visit to Senegal where Mr. Sonbol met with high level authorities of the Republic.

I am gladdened with the cooperation between Senegal and ITFC which shows real dynamism and projects the fact that Senegal is a strategic partner of ITFC

The Minister of Economy, Planning, and Cooperation of the Republic of Senegal, H.E. Oulimata SARR stated: “I am gladdened with the cooperation between Senegal and ITFC which shows real dynamism and projects the fact that Senegal is a strategic partner of ITFC. I would like to express our appreciation for the work being done by the ITFC team here in Dakar as they do not relent in providing us with the needed support in achieving our goals and implementing the “Plan Senegal Emergent.”  

Commenting on the signing, Eng. Hani Salem Sonbol stated: “ITFC’s partnership with Senegal is of great importance to us as we believe strongly in the country’s potential. We are therefore committed to supporting the ‘Plan Sénégal Emergent’ and boosting our intervention in strategic areas such as the agricultural value chain and the small and medium enterprises sector. We also remain strong advocates for intra-Africa trade and the implementation of programs under AATB as these programs are a major boost to the implementation of the Africa Continental Free Trade Agreement.”

ITFC has been actively supporting trade financing and development in Senegal since the Corporation’s inception in 2008, with more than US$ 1.4 billion of financing and trade facilitation programs provided.

It is worth noting that ITFC and Senegal signed a US$1.5 billion five-year framework agreement (FWA) in 2019 which covered priority sectors namely, energy, agriculture, and SMEs. An Amendment to the framework agreement was signed in November 2021 to include new priority sectors, especially the health sector in view of the COVID-19 impact.

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

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

Published

on

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

Continue Reading

Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

on

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

Continue Reading

Business

MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

on

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

Continue Reading

Trending