Algeria clashes

IFC plans investment fund to help African film industry grow

The International Finance Corporation (IFC) said it is working with the African Development Bank (AfDB) and Nigeria’s EbonyLife Media to study the feasibility of launching a pan-African investment vehicle targeting the continent’s film sector. The initiative aims to unlock fresh private and institutional capital to help African producers create and distribute stories for global audiences, […]

Ukraine vows to deepen Africa ties to ‘free’ continent from ‘Russia’s grip’

Ukraine is ready for a “long-term” fight to “revive” Kiev’s relations with Africa and reduce Moscow’s “grip” on this continent, which is based on “coercion, corruption and fear,” Ukraine’s top diplomat Dmytro Kouleba declared in an interview last week. After decades of oblivion, Ukrainian officials have now vowed to invest significant political capital to deepen […]

Moroccan Dolidol Company to step up operations in Nigeria with IFC Support

Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria. The financing package includes a loan of €13.5 million from IFC and €6.5 million provided by Proparco, the French Development Institution. The financing will […]