ITFC, TDB signal $100m commerce facility, goal $200m

The Worldwide Islamic Commerce Finance Company and the Commerce and Growth Financial institution Group have signed a brand new framework settlement in Abuja to extend an current Murabaha commerce finance facility by $100m, with a goal to scale it as much as $200m.

In a press release on Thursday, the companions mentioned that the expanded facility is designed to strengthen TDB Group’s commerce operations throughout member international locations by supporting the import and export of strategic commodities and boosting liquidity for important sectors.

The PidomNigeria stories that the deal was signed on the sidelines of the fifth Arab Africa Commerce Bridges Program Board of Governors Assembly in Abuja. The AATB Programme focuses on commerce, funding, insurance coverage, and infrastructure to boost financial cooperation.

The transaction builds on greater than $800m in TDB participation in ITFC syndicated amenities, and the multilateral monetary establishments have dedicated to additional increasing their cooperation in 2026 and past.

The proposed facility goals to help TDB Group’s commerce operations throughout key member international locations, benefiting each the non-public and public sectors, supporting the import and export of strategic commodities and enhancing liquidity for important sectors, notably in markets the place ITFC and TDB Group share improvement priorities.

Commenting on the signing, Chief Government Officer of ITFC, Adeeb Al Aama, highlighted, “Our cooperation with TDB Group continues to reveal how strategic partnerships can ship actual improvement affect on the bottom. Via this renewed and expanded collaboration, we’re reinforcing our shared dedication to enabling smoother commerce flows, supporting non-public sector competitiveness, and advancing sustainable financial development throughout the area.”

TDB Group President and Managing Director, Admassu Tadesse, mentioned, “We’re delighted to rejoice and proceed elevating our partnership with ITFC, which has turn into a key accomplice for TDB Group for the commerce of important commodities in our area. We stay up for persevering with to strengthen commerce, funding and different ties between OIC and TDB Group international locations.”

As each establishments proceed to deepen co-financing efforts, this engagement reinforces their shared dedication to advancing financial integration, commerce competitiveness, and private-sector development throughout Africa.