25 results
- 30 Nov 2021
IFC, WTO Agree to Enhance Cooperation on Trade Finance
Ngozi Okonjo Iweala, World Trade Organization, Director-General and Makhtar Diop, IFC Managing Director agreed to enhance cooperation between the two organizations in order to explore ways to improve…
- 6 Oct 2015
Africa's GDP Growth to Slow to 3.7, World Bank
Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank said on Monday. The region's…
- 9 Apr 2014
World Bank Predicts 5.2% Growth for Sub-Saharan African this Year
World Bank’s new Africa’s Pulse, in its forecast, has revealed that the economic growth in Sub-Saharan Africa would hit 5.2 per cent this year, against 4.7 per cent it recorded in 2013, following a…
- 7 Aug 2014
World Bank Plans $5bn Power Fund for Nigeria, Others
The World Bank Group on Wednesday announced the commitment of $5bn (N800bn) in new technical and financial support for energy projects in six African countries. The countries, which have partnered…
- 15 May 2015
African Business Leaders Eye Scientific Progress in World Bank Partnership
The Africa Business Champions for Science, a new group of influential figures from industry with a passion for science, technology and innovation on the continent, are focusing on scientific progress…
- 25 Apr 2017
XL Africa to Boosts Investment in Digital Start-ups
The World Bank Group, through its newly launched XL Africa programme, will help 20 selected digital start-ups attract early stage capital between $250 000 and $1.5 million. XL Africa is a five-month…
- 18 Oct 2019
Broadband for All in Africa to Gulp $100-billion - Report
To achieve universal broadband access, African countries will need to bring about 1.1 billion more people online Less than a third of Africa's population has access to broadband connectivity and…
- 22 Jul 2021
IFC Invests in Convergence Partners’ Fund to Boost Digital Access in Africa
To help strengthen broadband infrastructure and improve online access to digital services for individuals and businesses in more than 12 countries in sub-Saharan Africa, IFC announced that it…
- 8 Nov 2021
IFC Backs Liquid Intelligent Technologies to Boost Africa’s Digital Infrastructure
The International Finance Corporation (IFC) has partnered with Liquid Intelligent Technologies to expand data centre capacity and the rollout of fibre-optic cable on the African continent. 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…
- 2 Mar 2013
World Bank, IMF Sound Upbeat as Nigerians Sigh on Economy
The World Bank and International Monetary Fund (IMF) believe Nigeria is the place to be with earnings from foreign direct investment (FDI) expected to hit all time high $7.3 billion in 2013. This is…
- 19 Apr 2014
World Bank Gives $150m to 10 Nigerian Varsities, Others
The World Bank’s Board of Executive Directors has approved $150 million to finance 19 university-based Centres of Excellence in seven countries in West and Central Africa, 10 of which are Nigerian…
- 22 Nov 2012
African CEOs in Geneva, Court Financiers
The first Africa CEO forum, a high-level meeting for the African private sector, is underway in Geneva in the presence of 560 delegates from 32 countries, including more than 300 leaders of major…
- 6 Dec 2021
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ to Retailers Across Africa
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5…
- 22 Dec 2021
IFC, Fidson Healthcare Partner to Develop Pharmaceutical Production Capacity
To support Africa's goal of strengthening its production of medicines and reducing its reliance on imports, IFC and Nigeria's Fidson Healthcare Plc. have partnered to develop Nigeria's capacity to…
- 8 Feb 2022
IFC Targets $10bn Investments in Africa Annually
The International Finance Corporation (IFC) plans to ramp up its new investments in Africa to $10 billion annually in support of businesses that will help drive economic recovery and growth on the…
- 9 Feb 2022
IFC Invests in AXIAN Telecom Bond to Support Digital Connectivity in Africa
To scale up access to quality mobile connectivity for millions of individuals and businesses across Africa and to further support the continent's digital economy, IFC has invested in a maiden bond…
- 21 Mar 2022
IFC, African and European Partners Launch Alliance to Support SMEs in Africa
To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African, European, multilateral and bilateral partners today launched the…
- 13 Oct 2022
Improved Access to Affordable Trade Finance Could Increase Exports & Imports by $26B Annually in West Africa - IFC and WTO Study
Lowering trade finance costs could provide billions in economic benefits in four West African countries, according to a new report released today by the International Finance Corporation (IFC) and…
- 5 Jun 2023
IFC, Partners Support BUA with $500M Facility to Boost Industrialization, Jobs in Nigeria and Sahel
IFC yesterday made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and…
- 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…
- 12 Oct 2023
Sony Targets African Entertainment Start-ups with $10m Fund
Sony Group Corporation has established the Sony Innovation Fund: Africa, which is able to invest $10 million in seed to early-stage entertainment sector start-ups across the continent. The fund will…
- 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…
- 28 Oct 2024
IFC, CBN Partner to Boost Local Currency Financing in Nigeria
IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing to enable private businesses in Nigeria to grow and thrive.…
- 18 May 2021
Kagame, Okonjo-Iweala Headline UBA Africa Conversations
The United Bank for Africa (UBA) Plc, is set to celebrate this year’s Africa Day in commemoration of African unity with the third edition of its annual UBA Africa Conversations, headlined by Africa’s…