The International Islamic Trade Finance Corporation and the Trade and Development Bank Group have signed a new framework agreement in Abuja to increase an existing Murabaha trade finance facility by $100m, with a target to scale it up to $200m.
In a statement on Thursday, the partners said that the expanded facility is designed to strengthen TDB Group’s trade operations across member countries by supporting the import and export of strategic commodities and boosting liquidity for essential sectors.
The PUNCH reports that the deal was signed on the sidelines of the fifth Arab Africa Trade Bridges Program Board of Governors Meeting in Abuja. The AATB Programme focuses on trade, investment, insurance, and infrastructure to enhance economic cooperation.
The transaction builds on more than $800m in TDB participation in ITFC syndicated facilities, and the multilateral financial institutions have committed to further expanding their cooperation in 2026 and beyond.
The proposed facility aims to support TDB Group’s trade operations across key member countries, benefiting both the private and public sectors, supporting the import and export of strategic commodities and enhancing liquidity for essential sectors, particularly in markets where ITFC and TDB Group share development priorities.
Commenting on the signing, Chief Executive Officer of ITFC, Adeeb Al Aama, highlighted, “Our cooperation with TDB Group continues to demonstrate how strategic partnerships can deliver real development impact on the ground. Through this renewed and expanded collaboration, we are reinforcing our shared commitment to enabling smoother trade flows, supporting private sector competitiveness, and advancing sustainable economic growth across the region.”
TDB Group President and Managing Director, Admassu Tadesse, said, “We are delighted to celebrate and continue elevating our partnership with ITFC, which has become a key partner for TDB Group for the trade of essential commodities in our region. We look forward to continuing to strengthen trade, investment and other ties between OIC and TDB Group countries.”
As both institutions continue to deepen co-financing efforts, this engagement reinforces their shared commitment to advancing economic integration, trade competitiveness, and private-sector growth across Africa.
