IFC
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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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