30 results
- News12 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…
- News7 Aug 2026
World Bank Debars United Aviation Services, Owner over Fraudulent Activities
The World Bank Group has announced the 31-month debarments of United Aviation Services Limited (UNASEL), a transportation services company based in Nigeria, and Air Vice Marshal Alkali Mamu, its…
- News29 Apr 2026
IFC, Standard Chartered Partner on Supply Chain Finance to Support African Businesses
The World Bank Group, through its private sector arm – the International Finance Corporation (IFC) – and Standard Chartered today announced a new risk sharing facility aimed at strengthening supply…
- News19 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…
- News4 Feb 2026
FG Partners World Bank, AfDB on Climate Action
The Federal Ministry of Livestock Development has announced its commitment to collaborate with the World Bank Group and the African Development Bank (AfDB) to address climate change challenges…
- News21 May 2025
IFC, Standard Chartered Expand Lending in Local Currencies
IFC, a member of the World Bank Group, has partnered with Standard Chartered to bolster local currency financing for private enterprises in emerging markets. Standard Chartered will provide local…
- News28 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.…
- News28 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…
- News10 Jul 2024
Global Coalition Formed to Make Smartphones Affordable Worldwide
A new global coalition made up of the World Bank Group, the ITU and the WEF Edison Alliance have been formed to drive innovative solutions to boost handset affordability for some of the world’s…
- News16 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…
- News19 Jun 2022
Nigeria’s Public debt, Others Hit 50-Year High – World Bank
The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high, which is equivalent to more than 200 per cent of government revenues.…
- News20 May 2022
IFC, UN to Support Stock Exchanges in Advancing SDGs and Climate Efforts
IFC, a member of the World Bank Group, and the United Nations Sustainable Stock Exchanges (UN SSE), announced an expanded partnership to support stock exchanges and companies in emerging markets in…
- News21 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,…
- News5 Dec 2021
World Bank Asks FG to Impose Special Tax on Alcohol, Others to Fund Healthcare
The World Bank Group has urged Nigeria’s Federal Government to impose special taxes on alcohol, cigarettes and sugar-sweetened beverages to help fund primary healthcare across the country. Mr.…
- News13 Jun 2021
World Bank Provides $465M for Energy Expansion in West Africa
The World Bank Group is extending $465 million to support the Economic Community of West African States (ECOWAS) expand access to grid electricity to over 1 million people. The fund will help the…
- News5 Mar 2021
IFC Invests in Bolt to Expand Mobility Solutions in Emerging Markets
IFC, a member of the World Bank Group, is investing in the global mobility platform Bolt to help expand access to mobility and delivery services in underserved urban areas in Africa and Eastern…
- News25 Feb 2021
IFC Invests in Liquid Telecom Bond to Support Broadband Connectivity in Africa
IFC, a member of the World Bank Group, invested in Thursday's bond issued by a subsidiary of Liquid Telecommunications Holdings Ltd., which will allow the telecoms and technology solutions company to…
- News9 Dec 2020
IFC, Kobo360 Invite Innovative Cooling Solution Projects for Nigeria’s Industries
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, today announced an open call for innovators from around the world to bring climate-smart,…
- News13 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…
- News11 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…
- News20 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…
- News1 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…
- News25 Jun 2020
IFC Supports FCMB to Finance SMEs Facing COVID-19 Related Challenges
IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they…
- News17 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…
- News9 Apr 2020
World Bank Sees Sub-Sahara Africa’s 1st Recession in 25 Years
World Bank Group says Coronavirus (COVID-19), is taking Sub-Saharan Africa towards its first recession in 25 Years. The bank stated this in a statement released on Thursday. It explained that growth…
- News6 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…
- News2 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…
- News28 Feb 2020
IFC, Stock Exchanges Partner for 6th Annual Ring the Bell Events for Gender Equality
IFC, a member of the World Bank Group, is partnering with more than 80 stock exchanges in the global Ring the Bell for Gender Equality initiative to celebrate International Women’s Day 2020. This…
- News18 Nov 2019
IFC Supports Africa’s Economic Growth By Co-Hosting Africa CEO Forum 2020
IFC, a member of the World Bank Group, has announced that it will co-host the AFRICA CEO FORUM 2020, the leading international conference dedicated to supporting private sector-led growth on the…
- News24 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…