30 results
- 10 Feb 2022
IFC, World Bank to Help Nigeria Pave the Way for Domestic Carbon Storage
The International Finance Corporation (IFC) and the World Bank have begun to work with the Government of Nigeria to develop a domestic market for carbon capture, utilization, and storage for…
- 21 Jan 2015
World Bank Group to Help Develop Innovative Index-Insurance Solutions Globally
The Global Index Insurance Facility (GIIF), an innovative program managed by the World Bank Group, has launched indexinsuranceforum.org, an online knowledge platform for index-insurance practitioners…
- 4 Apr 2023
IFC, Bank of Africa Group Deepen Partnership to Boost SME Financing in Africa
To support economic activity and job creation in 10 countries across sub-Saharan Africa, IFC announced an investment in a risk-sharing facility for the Bank of Africa Group (BOA) that will ease…
- 22 Sept 2014
IFC, Bank Al-Maghrib Partner to Expand Access to Credit in Africa
IFC, a member of the World Bank Group, and Bank Al-Maghrib, the Central Bank of Morocco, will organize an international symposium to train African and MENA central banks and financial regulators on…
- 19 Apr 2017
World Bank, GSMA Collaborate on Universal Financial Access Initiative
The World Bank Group has welcomed the GSMA, the global body representing nearly 800 mobile operators and 300 companies in the broader mobile ecosystem, to its coalition of partners committed to…
- 10 Mar 2016
IFC, Fidelity Bank to Expand Digital Financial Services
IFC, a member of the World Bank Group, signed an advisory agreement with Fidelity Bank Ghana to expand agent and mobile banking in Ghana. It aims to make financial services more easily available to…
- 17 Nov 2008
World Bank Assists Developing Countries with $100b
The World Bank has advocated for a rapid response to the spreading global financial crisis, promising that it would substantially increase financial support for developing countries to $100 billion…
- 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…
- 11 Mar 2015
IFC Launches the Lighting Africa Program for Nigeria
IFC, a member of the World Bank Group, has launched the Lighting Africa program for Nigeria, a joint initiative of IFC and the World Bank, will help increase access to affordable, clean and safer…
- 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…
- 17 Jun 2020
IFC Invests in Zenith Bank to Support SMEs
IFC, a member of the World Bank Group, has announced an investment of up to $100 million in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been…
- 9 Feb 2025
FG, World Bank Seek Capital Market Solutions for Infrastructure Funding
The World Bank has said that it is planning to introduce its joint capital markets programme (J-CAP) in Nigeria. The J-Cap, a World Bank initiative, helps developing economies strengthen their…
- 12 Aug 2026
World Bank Investing $25 million in Equity in Jumia Technologies
The World Bank Group is supporting the expansion of Africa's digital commerce infrastructure to help small businesses reach new markets, create jobs, and strengthen economic opportunities across the…
- 2 Mar 2020
IFC, Union Bank to Support Nigerian SMEs & Women-led Businesses
IFC, a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in…
- 31 Jan 2015
World Bank Launches “Scaling Solar” to Create Market for Solar Power in Africa
The World Bank Group has announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, a gathering of African ministries, utility companies and the international power…
- 16 Nov 2022
CBN, World Bank Partner to Drive Access to Credit for MSMEs in Nigeria
National Collateral Registry (NRC), a financial infrastructure set up by the Central Bank of Nigeria (CBN) and International Finance Corporation (IFC), a World Bank group have expressed readiness to…
- 28 Apr 2015
IFC Boosts Zenith Bank’s Lending Portfolio with $100m
IFC, a member of the World Bank Group, yesterday signed an agreement to provide a $100 million loan facility to Zenith Bank Plc, to increase its lending to a variety of important economic sectors,…
- 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…
- 19 Mar 2026
World Bank Debars 3 PwC Subsidiaries for 21 Months over Alleged Project Fraud
World Bank Group has debarred three African subsidiaries of global advisory firm, PricewaterhouseCoopers (PwC), for 21 months after being allegedly found guilty of manipulating procurement processes…
- 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…
- 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,…
- 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…
- 13 Mar 2015
IFC, MasterCard, Software Group Launch Handbook on Delivery Channels & Technology
IFC, a member of the World Bank Group, and The MasterCard Foundation yesterday launched a handbook on Alternative Delivery Channels and Technology. The handbook, produced in collaboration with…
- 26 Feb 2014
CBN, IFC to Host 2014 International Sustainable Banking Forum in Lagos
The Central Bank of Nigeria and IFC, a member of the World Bank Group, will host the second International Sustainable Banking Forum on March 3-4, 2014, in Lagos, Nigeria. The Forum will serve as a…
- 23 Nov 2020
Access Bank, IFC Empower 50 Female Entrepreneurs
Access Bank Plc and the International Finance Corporation (IFC) have empowered 50 women across Africa who graduated from the bank’s ‘W’ Womenpreneur pitch-a-ton Africa initiative. The participants…
- 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…
- 28 Jan 2015
IFC Invests in Lafayette Microfinance Bank to Expand Access to Finance for SMEs
IFC, a member of the World Bank Group, yesterday announced a loan facility of 400million Nigerian naira approximately $2.5 million, to Lafayette Microfinance Bank. The financing will support…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 9 Dec 2021
Access Bank, IFC Empowers 100 Female Entrepreneurs Across Africa
Access Bank Plc and the International Finance Corporation (IFC) have empowered 100 female entrepreneurs across Africa who graduated from the bank’s ‘W’ Womenpreneur pitch-a-ton Africa initiative. The…
- 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…