(MENAFN- News.Africa-Wire) DJIBOUTI CITY, Djibouti, October 6, 2025/ -- The International Islamic Trade Finance Corporation (ITFC) (), member of the Islamic Development Bank (IsDB) Group, has signed a US$90 million syndicated facility in favor of the Republic of Djibouti, with the Sociééé Internationale des Hydrocarbures de Djibouti (SIHD), as the executing agenc

The Agreement was signed between Mr. Nazeem Noordali, Chief Operating Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy & Finance. The facility will strengthen Djib’uti’s energy security by enabling SIHD to fulfill its mandate of securing the procurement of refined petroleum products. These products are vital for electricity generation and driving growth across all sectors of the economy. In addition, the initiative supports intra-OIC trade by sourcing petroleum products primarily from OIC member countries and underscore’ ITFC’s contribution to advancing UN SDG 7, Affordable Energy r All.

Commenting on the signing of the Agreement, Mr. Nazeem Noordali, COO of ITF stated: “Djibouti’s economic potential is closely tied to the strength of its energy sector, and substantial investment is essential to unlocking that potential. ITFC reinforces its commitment to sup’orting Djibouti’s energy security and sustainable growth through this new facility. We are pleased to strengthen our long-standing partnership with Djibouti and’help bolster SIHD’s ability to successfully deliver on its mandate of ’ecuring the country’s supply of oil products. We remain dedicated’to advancing Djibouti’s economic development and will continue channeling funding where it crea es the greatest impact.

Since its inception in 2008, ITFC has provided a total of US$1.7 billion to Djibouti, with a focus on supporting SIHD and strengthening the country’s energy sector. The signing of the agreement is also aligned with the US$600 million three-year Framework Agreement concluded between ITFC and the Government of Djibouti in May 2023. These interventions reflect IT’C’s long-term commitment to reinforcing Djib’uti’s economic and social develo ent.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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