Tag Archives: IFC

An estimated five million smallholder farmers rely on the industry for jobs and livelihoods in the region Kampala, Uganda | THE INDEPENDENT | The International Finance Corporation, a member of the World Bank Group, has partnered with Absa Group Limited, a South African-based bank intends to extend US$60 million commodity trade …

Kampala, Uganda | THE INDEPENDENT | To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC announced a loan to Airtel Africa to help connect millions of new subscribers to mobile internet in six African countries. IFC will provide six of Airtel Africa’s …

Nairobi, Kenya | Xinhua | Kenya’s state-owned National Housing Corporation (NHC) and the International Finance Corporation (IFC), the World Bank’s private sector lending arm, on Thursday signed the financial advisory services agreement to boost the supply of affordable housing units in the east African nation. Amena Arif, IFC country manager for …

IFC to support Equity’s lending to5 million SMEs under the ‘Africa Recovery and Resilience Plan’ Nairobi, Kenya | THE INDEPENDENT | Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses …

Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the IFC, said in Nairobi, the Kenyan …

Kampala, Uganda | THE INDEPENDENT | Ugandan women have been advised to look at the so-called ‘kameeza’ money as a source of investible capital. Kameeza is a cash daily subsistence allowance that typical Ugandan husbands leave their women in the morning before they go to work. Some smart women have become …

IFC is working with stakeholders across the East Africa region to extend credit information system to cover the digital mobile lenders Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC) said on Thursday it plans to promote the uptake of mobile digital loans in East Africa in order to boost …

Microsoft 4Afrika will support a digital transformation in Africa’s agri-food sector, increasing farm yields and farmers incomes Kampala, Uganda | Ronald Musoke | Ugandan smallholder farmers will benefit from Microsoft’s new programme that seeks to avail digital tools and training resources to small-scale farmers and agriculture-linked small businesses in Uganda, Nigeria, …

Four years ago, the Dutch government launched the Netherlands Trust Fund IV (NTF IV) project in Uganda to empower fintechs, generate new technologies and teach them business basics. However, last month, the project that was implemented in partnership with the Dutch Centre for the Promotion of Imports from Developing Countries …

Africa’s rising stars in global trade and development finance, show the world that it’s finally the continent’s time to shine, writes Gina Din-Kariuki The World Bank Group recently named longtime vice president Makhtar Diop to replace Philippe Le Houérou as head of the International Finance Corporation (IFC), making him the …