IFC
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News
Ecobank and the IFC partner to empower Ivorian women’s businesses
CASABLANCA, December 11, 2024 — Ecobank Côte d’Ivoire, part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding [MOU] with the International Finance Corporation [IFC] to roll…
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News
IFC and Absa provide trade facility to Valency to support thousands of farmers in Africa
SINGAPORE, October 13, 2024 – The International Finance Corporation [ IFC ], a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its Corporate…
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News
IFC invests in Equator Africa Fund I to support African climate sector tech businesses
NAIROBI, October 4, 2024 –The International Finance Corporation [ IFC ] is to invest in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting…
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News
Africa faces a decisive moment to shape a new future – The Africa CEO Forum 2024
KAMPALA, March 14, 2024 – As global crises cast long shadows, Africa stands at a critical crossroads: Will the continent remain on the sidelines of history or will its leaders band together…
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Health
THF raises US$50mln to scale proven innovative healthcare models in Africa
NAIROBI – FSD Africa Investments, AfricInvest, Malaria No More, and Health Finance Coalition [HFC] have announced the establishment of the Transform Health Fund [ THF ], a blended-finance fund for scaling proven and…
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Finance & Banking
Ajay Banga becomes 14th President of the World Bank
WASHINGTON – The Executive Directors of the World Bank have selected Ajay Banga as the next President of the World Bank for a five-year term beginning June 2, 2023. Banga most recently served…
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East Africa
Co-operative Bank raises Ksh 12.6bn for lending
NAIROBI-The Co-operative Bank of Kenya has raised a total Ksh 12.6 billion [US$ 100 million] in long-term debt from global institutional investors led by the German fund DEG, according to the local…
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Energy & Mining
WBG announces major initiative to electrify Sub-Saharan Africa
WASHINGTON-The World Bank Group [WBG] has announced an innovative initiative to accelerate the pace of electrification in Sub-Saharan Africa to achieve universal access by 2030. The World Bank, the Multilateral Investment Guarantee…
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