30 results
- 5 Mar 2014
IFC, Goldman Sachs Launch $600M Global Facility for Female Entrepreneurs
IFC, a member of the World Bank Group, and Goldman Sachs 10,000 Women program launched a $600 million global facility that will increase access to finance to as many as 100,000 women entrepreneurs in…
- 23 Nov 2017
IFC Invests to aid Better Access to Quality and Affordable Healthcare in Nigeria
International Finance Corporation (IFC) the largest global development institution focused on the private sector in emerging markets has announced that it recently committed an equity investment of…
- 1 Jul 2020
IFC, Citi Create $800 Million Facility to Boost Trade Finance in Emerging Markets
IFC, a member of the World Bank Group, and Citi have established an $800 million facility to facilitate trade finance in emerging markets, supporting trade flows in developing countries and helping…
- 21 Dec 2021
Union Bank Joins IFC’s GTFP, Secures $40m to Boost Trade Finance
Union Bank Plc has received finance guarantee facility from the International Finance Corporation (IFC), a member of the World Bank Group that will help boost access to finance for local business,…
- 11 Oct 2020
IFC, Union Bank Partner to Boost Access to Trade Finance in Nigeria
IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and…
- 13 Oct 2020
Union Bank Secures $40m from IFC to Boost Trade
Union Bank said it has received a $40 million facility from the International Finance Corporation (IFC), a member of the World Bank Group, to boost access to finance for local business, increase…
- 13 Mar 2018
Emerging Technologies are Enabling Fintech Companies to Improve Financial Inclusion - Report
Today, fintech companies are making significant progress in promoting financial inclusion through innovative business models, products and use of emerging technologies such as digital identity,…
- 28 Sept 2021
IFC, Telecom Infra Project Partner to Advance Digital Connectivity in Emerging Markets
International Finance Corporation (IFC) and the Telecom Infra Project (TIP), a global community of companies and organizations focused on infrastructure solutions to advance connectivity worldwide,…
- 27 Apr 2018
IFC Venture Capital Supports Disruptive Technologies in Sub-Saharan Africa
IFC, a member of the World Bank Group, has announced that it led the $8.6 million Series A equity investment in Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API…
- 6 Mar 2020
IFC Partners Coronation Merchant Bank to Boost Trade Finance in Nigeria
IFC, a member of the World Bank Group, today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation…
- 15 Jul 2019
IFC, Citibank Provide $1.2 Billion to Support Trade in Emerging Markets
IFC, a member of the World Bank Group, and Citi announced the signing of a $1.2 billion risk-sharing facility to help stimulate the growth of trade in emerging markets and to support economic…
- 23 Jul 2018
IFC, Citibank Provide $1.2B to Support Trade in Emerging Markets
IFC and Citi announced yesterday the signing of a $1.2 billion risk-sharing facility to help stimulate the growth of trade in emerging markets and to support economic development. This initiative…
- 25 Mar 2014
IFC Tasks African Banks on Risk Management
Saadia Khairi, vice president and chief risk officer, IFC has said that African banks aspiring to rapid expansion can become more stable and profitable by increasing their focus on risk management…
- 23 Mar 2016
IFC, Ecobank, Other Partner to Boost SME Finance Across Africa
IFC, a member of the World Bank Group, the European Investment Bank (EIB) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and leading pan-African full-service…
- 23 Jun 2023
IFC Announces New Projects to Support MSMEs Through the Alliance for Entrepreneurship in Africa
IFC has announced four new projects to support micro, small, and medium-sized enterprises (MSMEs) in Africa and globally. The projects will help businesses address food insecurity across the…
- 5 Jul 2014
IFC Partners EDF to Promote Rural Electrification in Africa
IFC, a member of the World Bank Group, and EDF, a global leader in the power sector, have signed an agreement to cooperate in developing off-grid electrification solutions in emerging markets, with…
- 6 Feb 2023
TETFund to Improve Graduates Employability
The Tertiary Education Trust Fund yesterday announced the commencement of the conduct of a National Employability Benchmarking Programme in Nigerian universities. The education agency noted that the…
- 20 Jul 2020
IFC Supports Access Bank with $50 Million Loan to Strengthen Local Businesses in Nigeria
IFC, a member of the World Bank Group, is providing a loan of up to $50 million to Access Bank Plc to help the bank increase liquidity to thousands of small and medium-sized enterprises (SMEs) in…
- 5 Feb 2015
IFC Partners AIICO to Extend Insurance Services to More Nigerians
IFC, a member of the World Bank Group, has announced an agreement to provide a $20 million convertible loan to AIICO Insurance Plc, to support its expansion activities across Nigeria. The expansion…
- 2 Aug 2010
CBN Pumps N130 Billion into Real Sector
The Central Bank of Nigeria (CBN) has released over N130 billion to small and medium scale enterprises (SMEs) through the Bank of Industry (BOI). The fund will be accessed through authorized…
- 24 Oct 2019
Standard Chartered, IFC Create $1B Facility to Boost Trade Finance in Emerging Markets
Standard Chartered and International Financial Corporation (IFC), a member of the World Bank Group, have established a US$1.0 billion facility to boost trade finance in emerging markets, helping to…
- 28 Jun 2024
IFC Partners Deutsche Bank to Boost Trade Finance in Africa with a Focus on Small, Fragile
To help provide vital financing to importers and exporters of essential goods in Africa, especially in small, fragile, and conflict-affected states, IFC announced a risk-sharing facility with…
- 27 Feb 2023
IFC, BNP Paribas Launch SRT Transaction to Support Trade Finance in Emerging Markets
IFC and BNP Paribas (BNPP), the European Union's largest bank as measured by assets and a key player in international banking, announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT)…
- 30 Oct 2014
IFC partners FCMB Bank to Develop Smaller Businesses in Nigeria
IFC, a member of the World Bank Group, has announced an $87.5 million loan to Nigerian bank FCMB that will help fund infrastructure, green energy projects, and strengthen smaller businesses in the…
- 15 Apr 2015
IFC Invests in Planet Labs to Improve Access to Emerging Market Satellite Imagery
IFC, a member of the World Bank Group, has invested $20 million in Planet Labs, a company that deploys small, low-orbiting satellites to photograph remote and emerging parts of the world to help with…
- 26 May 2016
100 Resilient Cities: Rockefeller Foundation Announce Lagos New Member
Mr. Akinwunmi Ambode, Lagos Executive Governor, welcomed an announcement on Thursday from 100 Resilient Cities (100RC) — Pioneered by The Rockefeller Foundation, selecting Lagos to join the 100RC…
- 16 Feb 2024
IFC Partners with Triggerfish to Boost Africa’s Animation Sector
In order to support the growth of Africa's creative sector and to bring local African stories to the world, IFC has signed a collaboration agreement with Triggerfish, a globally recognized animation…
- 18 Oct 2017
AFC Adopts IFC Master Cooperation Agreement to Boost Growth in Africa
The Africa Finance Corporation has become the 30th development finance institution to join IFC’s Master Cooperation Agreement, making it easier for the two institutions to collaborate to expand…
- 13 Oct 2019
Nigeria, Other African Countries Identified among IFC Sustainable Banking Networks
Nigeria and four other countries in Africa are among thirty-eight emerging market economies that have initiated key banking reforms to drive development and fight climate change, according to the…
- 28 Oct 2024
IFC, C2FO Plan to Enhance Financing for Local Enterprises in Africa Begins in Nigeria
To increase the availability of affordable finance and strengthen local enterprises and supply chains across Africa, IFC, a member of the World Bank Group, announced a strategic partnership with…