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International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security

The agreement underscores ITFC’s commitment to ensuring a reliable energy supply and fostering economic stability in Comoros

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, signed a EUR 40 million trade finance agreement with the Union of Comoros to support the country’s energy sector. In line with the US$330 million three-year Framework Agreement signed in September…

Africa Finance Corporation (AFC)

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    • AFC welcomes the Union of Comoros as its 44th member, strengthening Africa’s infrastructure development
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Broadens its Regional Footprint with Comoros Membership

AFC’s diverse membership spans all regions of Africa, reinforcing its role as a leading infrastructure solutions provider for Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has welcomed the Union of Comoros as its 44th member country, reflecting continued support from more than three-quarters of Africa’s nations​. This membership provides a platform for Comoros to explore opportunities in advancing critical infrastructure in the country. Comoros’…

OPEC Fund

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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

African Commission on Human and People's Rights (ACHPR)
Source: African Commission on Human and People's Rights (ACHPR) |

Press release on the death of nearly 25 migrants off the coast of the Union of the Comoros

The Commission is all the more alarmed because this is the third tragedy in recent months to have occurred in the same area and under similar conditions

The African Commission on Human and Peoples' Rights (the Commission) has learned with deep regret of the death of nearly 25 migrants, including women and children, following the sinking of their boat between the archipelago of the Comoros and the island of Mayotte, which they were trying to reach via…

African Development Bank Group (AfDB)

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    • The African Development Bank will provide the tools that are needed to digitize the Comorian economy
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Source: African Development Bank Group (AfDB) |

Comoros: African Development Bank grants over 9 million euros for digitizing the Comorian economy

The Bank’s financing consists of 4.02 million euros provided by the African Development Fund, the Bank’s concessional loan agency, and a further 5.49 million euros provided by the Bank’s Transition Support Facility

The Board of Directors of the African Development Bank (AfDB) Group (www.AfDB.org) has approved financing of 9.51 million euros to the Comoros for implementation of the Project to Support the Digitization of the Comorian Economy. With a total cost of 22.53 million euros, the Bank’s financing consists of 4.02 million…

International Islamic Trade Finance Corporation (ITFC)

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    • Comoros’ Minister of Finance, Budget, and Banking Sector, and IsDB Governor, H.E. Mr. Mohamed Ibrahim Abdourazak and ITFC’s CEO, Eng. Hani Salem Sonbol (1)
    • Comoros’ Minister of Finance, Budget, and Banking Sector, and IsDB Governor, H.E. Mr. Mohamed Ibrahim Abdourazak and ITFC’s CEO, Eng. Hani Salem Sonbol (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

CORRECTION: The International Islamic Trade Finance Corporation (ITFC) and Union of Comoros Strengthen Partnership with New EUR 330 Million Framework Agreement and Food Security Facility

The new 3-year Framework Agreement builds on the success of the previous EUR 330 million agreement, which achieved 83% of its target

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, and the Union of Comoros have signed a new EUR 330 Million Framework Agreement, reinforcing their strong partnership. The agreement was signed by ITFC’s CEO, Eng. Hani Salem Sonbol, Comoros’ Minister of Finance, Budget,…

International Islamic Trade Finance Corporation (ITFC)

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    • Minister of Finance, Budget and Banking of the Union of Comoros, Mr. Ibrahim Mohamed Abdourazak and Eng. Hani Salem Sonbol, CEO of ITFC (1)
    • Minister of Finance, Budget and Banking of the Union of Comoros, Mr. Ibrahim Mohamed Abdourazak and Eng. Hani Salem Sonbol, CEO of ITFC (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and Union of Comoros Strengthen Partnership with New EUR 330 Million Framework Agreement and Food Security Facility

The new 3-year Framework Agreement builds on the success of the previous EUR 330 million agreement, which achieved 83% of its target

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, and the Union of Comoros have signed a new EUR 330 Million Framework Agreement, reinforcing their strong partnership. The agreement was signed by ITFC’s CEO, Eng. Hani Salem Sonbol, Comoros’ Minister of Finance, Budget,…

Presidency of the Arab Republic of Egypt
Source: Presidency of the Arab Republic of Egypt |

President El-Sisi Speaks with President of the Union of Comoros Azali Assoumani

President Assoumani expressed his deep appreciation for this kind gesture, confirming that Egypt's supportive stance demonstrates the strong bonds between the two brotherly countries

Today, President Abdel Fattah El-Sisi spoke by phone with President of the Union of Comoros, HE Azali Assoumani, to inquire about his health following the assassination attempt he endured. President El-Sisi condemned the heinous attempt on President Assoumani's life, emphasizing Egypt's solidarity and full support for the security and stability…

United Arab Emirates, Ministry of Foreign Affairs
Source: United Arab Emirates, Ministry of Foreign Affairs |

United Arab Emirates (UAE) condemns stabbing incident which targeted President of Comoros

The Ministry of Foreign Affairs, expressed the UAE's solidarity with his family, as well as with the government and people of the Union of the Comoros

The UAE has strongly condemned the stabbing incident targeting His Excellency Azali Assoumani, President of the Union of the Comoros, which resulted in his injury. The UAE expressed its sincere sympathy over this tragic incident. In a statement, the Ministry of Foreign Affairs, expressed the UAE's solidarity with his family,…

Coca-Cola
Source: Coca-Cola |

The Coca-Cola System in Africa Unveils Water Stewardship Initiative

‘The Coca-Cola System’s Africa Water Stewardship Initiative’, with a nearly USD 25 million investment, will support water solutions in local communities in Africa

The Coca-Cola Company in Africa (www.Coca-ColaCompany.com) and its bottling partners Coca-Cola Beverages Africa (CCBA), Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola HBC announced a nearly USD 25 million investment to help address critical water-related challenges in local communities in 20 African countries, starting this year through 2030. The work will…

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