IFC
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News
IFC Places $25M Bet on Lightrock’s Africa Fund in Nairobi
The decision by the International Finance Corporation to anchor a $200 million investment fund managed from Nairobi reads like a…
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News
Arc Ride, IFC and the Economics of E-Mobility
Investment announcements tend to arrive wrapped in optimism, but timing usually tells the real story. When institutional capital enters at…
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News
As Big Money Hesitates, the IFC Steps Back Into the Messy Middle of African Capital
When the International Finance Corporation commits equity capital, it usually does so with an unusually long memory. The institution tends…
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BUSINESS
Equity Launches Women Entrepreneurship Training in Partnership with IFC and Goldman Sachs
Equity Bank Kenya and Equity Group Foundation (EGF) have entered into a new strategic partnership with the International Finance Corporation…
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News
Raxio Secures $100 Million from IFC to Develop Sub-Saharan African Data Center Platform
Raxio Group, a leading Sub-Saharan African data center platform, has signed an agreement for $100 million in financing from the…
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News
Solcon Capital and IFC partner to provide growth capital to deep tech companies in South Africa
IFC and Solcon Capital have announced an agreement to support deep tech startups in South Africa and India. This strategic…
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News
IFC announces top 100 women-led startups in She Wins Africa Initiative
IFC has announced the names of 100 women-led startup owners selected to participate in the She Wins Africa program. She…
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News
IFC announces a $3.4 million investment in African e-commerce platform ANKA
IFC has announced a $3.4 million equity investment in leading African e-commerce platform ANKA. The funding will allow ANKA, an…
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News
Safaricom Ethiopia closes funding transaction from World Bank’s investment arms
Safaricom Ethiopia is set to receive funds from the World Bank Group, following the closure of the transaction during a…
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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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