First Independent Mena Newspaper
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 a loan of €20.7 million earmarked to finance its domestic expansion plan, “Sika Finance” reports. Per the expansion plan, the company founded in 1983, will start 10 new distribution stations […]
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 Singapore-based Olam International, to boost the company’s production of palm oil in the central African country. The loan, Gabon Review reports, will be used in the construction of a biodiesel […]
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 to finance for underserved communities —particularly women and those in rural areas, bolster the microfinance sector, and help drive economic growth, the World Bank’s branch for private sector financing said […]
Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]
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 Orange Bank Africa (OBA), Orange Group’s digital bank, to “enable the smallest businesses in West Africa to access the financing they need to grow”. As part of the deal signed […]
The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have launched lately a joint initiative to strengthen start-ups in North Africa. Commenting the joint move, EBRD Chief Operating Officer Jean-Marc Peterschmitt said: “we will adopt an integrated approach to increase our input and counter the challenges that early-stage tech start-ups […]
Morocco’s Mohammed VI Investment Fund and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership agreement on Tuesday to identify and finance sustainable infrastructure projects in the North African country. The agreement aims to support high-impact infrastructure projects in strategic sectors such as renewable energy, water, transport and logistics, […]
The International Finance Corporation (IFC) will assist the Moroccan Ministry of Energy Transition & Sustainable Development accelerate Morocco’s energy transition plan through updating the national natural gas roadmap and structure a landmark public-private partnership (PPP). The two sides signed an agreement on this cooperation Monday in Rabat. The agreement focuses on developing sustainable gas infrastructure, […]
The International Finance Corporation (IFC), an offshoot of the World Bank, agreed to lend Morocco’s phosphates and fertilizers giant OCP 100 million euros to fund the building of four solar plants, the two parties said. The agreement was announced during the International Monetary Fund-World Bank Group Spring Meetings in Washington DC. The green loan will […]
International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]