Liberia: House Subjects APM Terminals Agreement to Review, Mandates Company to Reverse Latest Increase in Tariff
Liberia: House Subjects APM Terminals Agreement to Review, Mandates Company to Reverse Latest Increase in Tariff
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Capitol Hill, Monrovia – At long last, the House of Representatives has voted in favor of a comprehensive review of the contractual agreement between the Government of Liberia and APM Terminals.
The House also mandated APM Terminals to reverse its decision to increase additional tariff on all of its services rendered at the port and revert to the original charges.
The House took the decision on Tuesday following a sustained grilling of the top managements of APM Terminals and the National Port Authority (NPA) by Plenary.
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$15 million Murabaha Financing Facility in favour of Prime Bank Limited, Bangladesh to facilitate cross-border import transactions of the bank’s private sector businesses, particularly SMEs.
Prime Bank and ITFC signed the financing agreement to boost the rebounding of SMEs in readiness to the return to growth post pandemic. ITFC is continuously expanding its financing outreach to the private sector through local banks in Bangladesh. The financing comes at a critical time as SMEs in Bangladesh and other OIC member countries are currently recovering from the economic effects of the coronavirus pandemic.
International Islamic Trade Finance Corporation (ITFC) and Prime Bank Sign US$15 million Murabaha Financing Facility to support SMEs in Bangladesh
ITFC’s partnership will enable one of Bangladesh’s top tier financial institutions to provide Islamic financing to SMEs
DHAKA, People s Republic of Bangladesh, January 26, 2021/APO Group/
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has approved a US$15 million Murabaha Financing Facility in favour of Prime Bank Limited, Bangladesh to facilitate cross-border import transactions of the bank’s private sector businesses, particularly SMEs.
Prime Bank and ITFC signed the financing agreement to boost the rebounding of SMEs in readiness to the return to growth post pandemic. ITFC is continuously expanding its financing outreach to the private sector through local banks in Bangladesh. The financing comes at a critical time as SMEs in Bangladesh an
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(AFRICAN EXAMINER) – Some analysts have made projections on the trajectory of the nation’s economy in 2021, saying the year will be challenging but there will be light at the end of the tunnel.
They spoke during an interactive zoom webinar by the Nigerian-British Chamber of Commerce with theme, “ 2021 Economic Outlook’’.
Mr Bismarck Rewane, the Keynote Speaker, said that 2021 would be a year of economic reform with gradual recovery in domestic economy.
Rewane, Chief Executive Officer, Financial Derivatives Company Ltd., said: “So many things happened in 2020.
“ In Nigeria, we went from virus to lockdown, to recession, double digit inflation and low interest rates. Nigeria also has an inflation situation.
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