IFC
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News
IFC has launched a $225 million VC subsidiary to fund early-stage African startups
The International Finance Corporation (IFC) has launched a $225 million venture capital subsidiary to invest in early-stage startups across Africa,…
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Startups
Seedstars announces $30 million fund to invest in 100 startups in emerging markets
Seedstars has announced plans to invest in 100 more startups through its second emerging market seed-stage fund, called Seedstars International…
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News
World Bank and PFG To Provide $30 million for Fintechs in Emerging Markets
The World Bank, through its global development institution the International Finance Corporation(IFC) and US-Based fund manager Partners for Growth (PFG)…
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BUSINESS
IFC Extends Financing to Guaranty Trust Bank to support SMEs in Kenya
IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd, a subsidiary of the Guaranty Trust Group, for on-lending…
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News
Equity Acquires Ksh.18.6 Billion loan from IFC for Onward Lending to SMEs in Kenya
Equity Group has acquired a Ksh 18.6 billion loan from the International Finance Corporation (IFC) to help it increase working…
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News
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa
Nigeria- and U.S.-based B2B eCommerce and embedded finance platform TradeDepot has raised $110 million in an equity and debt funding…
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News
[Rwanda] IFC, CMA and Central Bank partner to boost access to long-term finance for SMEs
To support the development of Rwanda’s capital markets, IFC, the National Bank of Rwanda and the country’s Capital Markets Authority…
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BUSINESS
IFC, FMO partner with I&M Bank to support SMEs in Kenya
IFC and FMO, the Dutch entrepreneurial development bank, have announced a $50 million loan facility to the I&M Bank to…
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News
Microsoft and IFC launch initiative to support Africa’s agri-food sector
Microsoft ’s 4Afrika and IFC have launched a new initiative to train small-scale farmers and agriculture-linked small businesses in Africa…
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News
Digital demand drives annual IFC commitments in telecoms, media and tech to $1b
The surging demand for digital connectivity during the COVID-19 pandemic has led IFC ‘s commitments to the telecoms, media and…
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News
IFC appoints Kalim Shah as Senior Country Manager for Nigeria
To support the long-term, inclusive growth of Nigeria’s private sector, IFC has appointed Kalim Shah as its Senior Country Manager…
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News
IFC launches program to support startups across North Africa
The International Finance Corporation (IFC) has launched a new advisory program aimed at making it easier for startups in Algeria,…
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BUSINESS
Equity Bank Receives $50 Million Loan from IFC to support Kenyan SMEs affected by COVID-19
IFC has announced a $50 million loan to Equity Bank Kenya to support local SMEs especially those facing COVID-19 related…
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Startups
IFC is investing $1M in Tunisia’s Flat6Labs Anava Seed Fund to boost the country’s startup ecosystem
The International Finance Corporation (IFC) has announced that it is investing $1 million in Tunisia’s Anava Seed Fund (ASF) to…
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