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Islamic Trade Group Supports Burkina Faso With €20m To Boost Private Sector


(AFRICAN EXAMINER) – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, has provided €20 million to further strengthen private sector development in Burkina Faso.
This is coming under the aegis of ITFC’s Murabaha financing agreement with Coris Bank International (CBI), which is aimed at improving access to trade lines of finance for the private sector players in the West African nation.
This latest agreement marks the fifth of its kind between ITFC and CBI for a total of more than US$62 million, which in addition to driving private sector development also serves to promote Islamic finance in the West African region. ....

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