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ITFC Partners with UNIDO to support Egypt s cotton sector and Sudan s dairy sector

JEDDAH/VIENNA, 2 June 2021 – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB) and the United Nations Industrial Development Organization (UNIDO) today held a high-level bilateral meeting to highlight two project agreements in a virtual kick-off ceremony with Eng. Hani Salem Sonbol, CEO of ITFC and LI Yong, Director General of UNIDO. Following the ceremony, the ongoing strategic partnership between the two entities was further discussed.  

International Islamic Trade Finance Corporation (ITFC) partners with United Nations Industrial Development Organization (UNIDO) to support Egypt s cotton sector and Sudan s dairy sector

Hydro-power Projects Can Solve National Energy Challenge, Says UNIDO

The United Nations Industrial Development Organisation (UNIDO) Regional Director and representative to the Economic Community of West African States (ECOWAS), UNIDO regional hub, Nigeria, Jean. B Bakole, has said the country’s energy crisis is surmountable with renewable energy resources such as hydropower, solar, biomass and wind. He stated this at a capacity-building workshop on small hydropower development for renewable energy development and financial institutions in Nigeria held at the Transcorp Hotel, Calabar, Cross River State. The UNIDO assisted N8.2 billion hydro-electricity project in Obudu Ranch Resort in the state to provide alternative electricity to the state and other surrounding states was also flagged off by the state Governor, Ben Ayade, at the occasion.

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