Tag: World Bank

Mali’s Yara Oil in talks with IFC for €20.7m loan

August 28, 2023

Mali’s leading energy supplier and distributor “Yara Oil” is in advanced talks with the World Bank’s private sector financer, the International Finance Corporation (IFC), for ... Read More

IFC accords $150m loan to Olam to boost palm oil production in Gabon

August 3, 2023

The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of ... Read More

Gabon’s president Bongo to compete against 18 rivals in re-election bid

July 25, 2023

Gabon's President Ali Bongo Ondimba, whose family has ruled the oil-rich West African state for 55 years and is now favorite for a third term, ... Read More

IFC loans Express Union Tchad around $3m to boost access to finance for underserved communities

July 25, 2023

The International Finance Corporation, IFC, has provided a loan worth close to $3 million to Chad’s leading microfinance Express Union Tchad (EUT) to boost access ... Read More

World Bank approvres $350 million financing for Morocco’s water program

July 25, 2023

The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI ... Read More

West Africa: IFC, Orange Bank Africa ink partnership deal to increase digital lending for Small Businesses

July 5, 2023

The International Finance Corporation (IFC), the World Bank’s arm for the development of the private sector in developing countries, has signed a partnership agreement with ... Read More

Tunisia gets $268.4 million loan from World Bank to finance power connection project

June 23, 2023

The World Bank Thursday approved a $268.4 million loan to Tunisia earmarked for financing electricity connection with Italy, State-run news agency TAP reports. The electrical ... Read More

Egypt: parliament rubber-stamps Japan’s fund for Universal Health Insurance System

June 22, 2023

The Egyptian legislature green-lighted Wednesday a signed agreement between the Government and the Japan International Cooperation Agency (JICA) in which the Japanese agency will provide ... Read More

IMF Chief Impressed by Morocco’s Economic progress

June 22, 2023

The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of ... Read More

Egypt taps on IFC to advise on IPO program

June 19, 2023

Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of ... Read More