The International Islamic Trade Finance Corporation (ITFC) approved $9.35 billion in trade financings in 2025, with the majority of funds continuing to be directed towards the energy sector, according to its annual report released on Friday, June 19. Nearly 70% of the financings, or $6.47 billion, were allocated to energy, confirming the persistent dependence of…...
Trending
- Equatorial Guinea: ENI confirms its interest in the strategic gas block EG-27
- Angola: Treasury currency sales soar to $1.626 billion in the first half of 2026
- Benin: MPs approve temporary abolition of the CENA
- David Maslo appointed Executive Director of African Risk Capacity Limited
- Kenya: Central Bank authorizes 25 new digital credit providers
- Egypt: AfDB mobilizes $66 million for the first phase of the Dendera solar project
- Ethiopia: Central Bank raises its key interest rate to 16% to contain inflation
- Nigeria: IFC and the private sector launch an economic inclusion program
ITFC: $9.35 billion in approved financings in 2025, dominated by energy
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com