Wednesday, 16/10/2019 | 5:37 UTC+0
Libyan Newswire

Islamic Finance to Play a Key Role in Boosting Economic Development in Africa

Over the last decade, trade between African countries and the rest of the world has grown significantly and, in particular, charting a 170% increase in trade with the GCC. The ongoing shift by African countries from being aid-dependant to increasing trade and investment ties with the Middle East has positioned Islamic finance to play a key role in facilitating further increases in trade and investment flows between Africa and the Middle East.