tagresults
[East Africa Business Week] Bob Koigi: DR Congo’s factor in the integration agenda
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
[Nigeria Business Week] Andrea Ayemoba: Come dry season, food production and supply chain gain emphasis
As we have established time and again, fertile lands and an able, skilled workforce are a vital combination for a thriving agricultural sector.
[Column[Sammar Essmat: How COVID-19 is pushing MENA companies to embrace flex work
Women in the MENA region have long found it difficult to balance the demands of home, family, and work a major reason why only a quarter of Egyptian women work outside the home.
IFC invests record $9.4 Billion for private sector development in Africa
IFC provided record financing in Africa in fiscal year 2022 helping to develop regional pharmaceutical manufacturing, increase intra-Africa trade, expand access to climate financing, and strengthen food security among many other pressing development needs.
IFC and Zambeef partner to boost food security, strengthen Agribusiness in Zambia
IFC and Zambeef Products PLC, one of the region's leading agribusiness companies, are joining forces to boost food security and strengthen Zambia's agricultural sector to create jobs and help fight poverty.
IFC and Alleyroads partner to develop affordable residential housing in South Africa
To improve access to affordable, sustainable residential housing in South Africa, IFC announced an investment to support South African residential property developer, Alleyroads, to build over 1,000 rental apartment units in the Johannesburg area.
Boosting women’s online education expands job opportunities
Greater access to online learning for women can boost economic opportunities for them, such as jobs and new skills, while potentially adding up to $14 billion in value to the adult post-secondary online education market in emerging markets by 2026, according to a report from IFC.
IFC and CRDB PLC to boost access to finance for small businesses in Tanzania and Burundi
A new investment between IFC and CRDB PLC announced will increase access to finance for micro, small and medium-sized enterprises in Tanzania and Burundi, helping strengthen both countries' recovery from the economic effects of the COVID-19 pandemic.
A stronger private sector could boost growth and jobs in Botswana, World Bank Group report
Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by increasing private sector participation and investment in its energy, water and sanitation, tourism, and other sectors, according to a new report published today by IFC and the World Bank.
IFC appoints Henrik Elschner Pedersen as manufacturing, agribusiness and services director for Africa
IFC announced the appointment of Henrik Elschner Pedersen as its new Regional Industry Director in Africa for Manufacturing, Agribusiness, and Services.
ETG and IFC partner to support smallholder farmers in Africa
ETC Group (ETG) and IFC announced a partnership to boost smallholder farmer productivity and food security across four countries in sub-Saharan Africa by increasing access to critical agricultural inputs and training services.
Olam Agri, IFC loan set to strengthen global food security for over 40 Million people in emerging markets
A new loan to Olam Agri, one of the world's leading agribusinesses, will support the delivery of millions of tons of staple foods to developing countries, potentially feeding over 40 million people at a time of heightened food insecurity around the world.
IFC Invests in BOCOM Petroleum to improve access to cleaner cooking fuel across Cameroon
To boost access to cleaner and more reliable cooking fuel in Cameroon, especially for the country's underserved rural households, IFC announced a partnership with BOCOM Petroleum SA (BOCOM), a leading Cameroonian importer and distributor of petroleum products.
IFC investit dans BOCOM Petroleum afin d’améliorer l’accès à des combustibles de cuisson propres au Cameroun
Afin de favoriser l'accès à des combustibles de cuisson plus propres et plus fiables au Cameroun, en particulier pour les ménages ruraux mal desservis, IFC a annoncé un partenariat avec BOCOM Petroleum SA (BOCOM), l'un des principaux importateurs et distributeurs camerounais de produits pétroliers.
IFC and Egyptians for health care services partner to develop large medical hub in Egypt
IFC partnered with private healthcare developer Egyptians for Health Care Services (EHCS) to support the construction and operation of CapitalMed, a sprawling medical hub on the outskirts of Cairo that will improve healthcare services in the country.
IFC, ICMA, UNGC, UNEP FI, and ADB announce coalition to support the Blue Economy
IFC, a member of the World Bank Group, together with four of the top international organizations announced their commitment to develop guidelines that would provide the global market consistency and transparency in financing the blue economy.
IFC renforce son partenariat avec Sodigaz pour élargir l’accès à des solutions d’énergie propres au Burkina Faso
Afin de promouvoir l'accès à des sources d'énergie plus fiables et propres au Burkina Faso, notamment dans les zones rurales, IFC a annoncé un financement en francs CFA en faveur de Sodigaz, une société leader dans le pays dans la distribution d'énergie.
IFC and Avacare partner to increase access to medicines and healthcare goods in Africa
To increase access to high quality, affordable healthcare products and services across Africa, IFC announced a partnership with Avacare Global to help the company expand its manufacturing and distribution of various pharmaceutical and healthcare consumable products.
IFC et Avacare s'associent pour améliorer l'accès aux médicaments et aux produits médicaux en Afrique
IFC a annoncé un partenariat avec Avacare Global visant à aider l'entreprise à accroître sa production et sa distribution de produits pharmaceutiques et médicaux, y compris de médicaments génériques, sur le continent.
IFC s'associe à Vista Bank pour renforcer le financement du commerce en Afrique de l’Ouest
Afin de renforcer la disponibilité du financement du commerce en Guinée et au Burkina Faso et de soutenir ainsi les importations de biens essentiels dans ces deux pays, IFC a annoncé un partenariat avec Vista Bank, qui propose une large gamme de services financiers à ses clients en Afrique de l'Ouest.
IFC partners with Vista Bank to boost trade finance for businesses in West Africa
To increase the availability of trade finance in Guinea and Burkina Faso and support imports of essential goods into the countries, IFC announced a partnership with Vista Bank, which serves clients across West Africa with a wide range of financial services.
IFC and Anglo American partner to improve education and livelihoods in South Africa
IFC and global mining company Anglo American signed a sustainability-linked loan agreement which is to be used to support community development in rural communities close to Anglo American's mining operations across South Africa.
IFC and GAFSP partner with CIDT to strengthen Côte d’Ivoire’s cotton industry
IFC and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) announced a partnership with Compagnie Ivoirienne pour le Développement des Textiles (CIDT), a leading producer and exporter of sustainably-produced cotton lint.
[Côte d'Ivoire] IFC et le GAFSP s'associent à la CIDT pour renforcer le secteur du coton
IFC et le guichet pour le secteur privé du Programme mondial pour l'agriculture et la sécurité alimentaire (GAFSP) ont annoncé un partenariat avec la Compagnie Ivoirienne pour le Développement des Textiles (CIDT), un important producteur et exportateur de fibre de coton durable.
IFC and NAACAM partner to support South Africa’s automotive industry manufacturers
To support the growth of South Africa's automotive sector, IFC has partnered with the National Association of Automotive Component and Allied Manufacturers (NAACAM) to develop a database to help local parts makers more easily meet the procurement needs of global car manufacturers.
IFC partners with NMG and KPMG on the 2022 top 100 SME awards in Kenya
IFC has partnered with Nation Media Group's Business Daily and KPMG on the upcoming Top 100 SME Awards in Kenya slated for later this year.
IFC, Averda ink deal to support waste management in the Middle East and Africa
A landmark new agreement between IFC and Averda International, one of the largest privately owned integrated waste management companies in the Middle East and Africa, is helping to bring innovative waste solutions to emerging markets in the two regions.
IFC partners for growth join forces to support growth-stage companies in emerging markets
IFC and US-based fund manager Partners for Growth are uniting to provide much-needed debt capital to innovative early- to mid-stage companies in emerging markets, with a focus on fintech, software, e-logistics, health, and life sciences firms.
Afreximbank and FCI tout the merits of factoring for SME financing in Central Africa
Afreximbank and FCI concluded a two-day conference last week in Brazzaville, Republic of Congo, to promote factoring and receivables finance in the Central Africa region.
IFC, U.N. to support stock exchanges in advancing SDGs and climate efforts
IFC and the United Nations Sustainable Stock Exchanges (UN SSE), announced an expanded partnership to support stock exchanges and companies in emerging markets in addressing sustainability-related issues.
IFC, Acelera Angola partner to boost startup ecosystem in Angola
To support the growth of Angola's entrepreneurial ecosystem, IFC partnered with Acelera Angola to help the company expand, support innovative tech startups, and drive inclusive economic growth in the country.
IFC supports Japanese firm to boost local production of generic drugs in Africa
In a bid to promote local manufacturing of pharmaceutical products in nascent markets, IFC and Nippon Chemiphar Co. Ltd., are joining forces to conduct a feasibility study on expanding production and distribution of the company's generic pharmaceutical products.
IFC partners with PNGX to deepen Papua New Guinea’s capital market
IFC will work with PNGX Markets Limited to deepen the nation's capital market and boost access to long-term financing for companies in Papua New Guinea.
Viva Technology and IFC announce 45 emerging start-ups in Africa to compete for the 2022 AfricaTech Awards
Viva Technology and the International Finance Corporation (IFC) announced the top 45 start-ups that have been long-listed for the first edition of the AfricaTech Awards
IFC, Proparco, DEG and DFC to support COVID-19 vaccine and pharma manufacturing in Africa
To strengthen Africa's vaccine and pharmaceutical development and to accelerate the continent's recovery from the COVID-19 pandemic, IFC, Proparco, DEG and DFC announced a partnership to support vaccine manufacturing in Africa.
IFC invests in Sub-Saharan Africa’s first gender bond listed by Tanzania’s NMB Bank
To boost access to finance for women-owned micro, small and medium-sized enterprises in Tanzania, IFC invested in sub-Saharan Africa's first Gender Bond listed by Tanzania's NMB Bank Plc.
Makhtar Diop au Sénégal pour des échanges consacrés au renforcement du secteur privé
M. Makhtar Diop, directeur général de la Société financière internationale (IFC), est en Sénégal pour témoigner de l'engagement d'IFC envers le programme de développement du pays.
IFC supports Egypt's fintech sector with investment in disruptech ventures fund
IFC announced an investment in a new venture capital fund from Disruptech Ventures to support development in Egypt's fintech sector and help expand access to financial services in the country.
IFC launches Africa fragility initiative to promote responsible private sector development in Africa
IFC announced the launch of the Africa Fragility Initiative (AFI), a five-year program dedicated to supporting responsible private sector-led growth and job creation across 32 African countries affected by fragility and conflict.
IFC partners with DTRT to help make west Africa a major textiles manufacturing hub
West Africa has an opportunity to build an integrated textiles value chain, creating thousands of better jobs and introducing innovative sustainable fabric production technologies, thanks to a new partnership announced between IFC and DTRT Apparel Group, the region's largest clothing manufacturer.
Les AfricaTech Awards révèleront la prochaine génération d’innovateurs africains
Viva Technology et la Société financière internationale (IFC) ont annoncé un appel à candidature pour la première édition des AfricaTech Awards, une initiative panafricaine visant à reconnaître et soutenir les start-ups les plus innovantes sur le continent.
AfricaTech awards to spotlight the next generation of african innovators
Viva Technology and the International Finance Corporation (IFC) announced a call for applications for the first edition of the AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful tech start-ups across the continent.
[South Africa] IFC, Proparco, Bopa Moruo, and RMB Ventures partner to boost access to affordable student housing
To increase the supply of safe, affordable, quality student housing in South Africa, particularly for students from low-income households, IFC today announced a partnership with Proparco, the French development finance institution, and Bopa Moruo Private Equity and RMB Ventures.
Biovac and Development Partners collaborate to advance long-term health security across Africa
To support South Africa and the African continent increase vaccine manufacturing capacity and reduce reliance on imports, a consortium of nine development and finance institutions have announced a partnership with Biovac in South Africa to support Biovac's vaccine manufacturing expansion.
IFC partners with 3B Group of hotels to support growth of Rwanda’s tourism sector
To help strengthen Rwanda's tourism sector and create jobs, IFC announced a partnership with 3B Group of Hotels to support the company's expansion and the upgrading of its existing lodges in the country.
IFC nomme M. Kyle Kelhofer au poste de représentant régional senior pour l'Afrique
IFC a nommé M. Kyle Kelhofer au poste de représentant régional senior pour le Bénin, le Ghana, le Libéria, la Sierra Leone et le Togo.
IFC appoints Kyle Kelhofer as Senior Country Manager for Africa
IFC has appointed Kyle Kelhofer as Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo.
KARL STORZ joins IFC medical equipment facility to improve healthcare services in Africa
Leading endoscope manufacturer KARL STORZ became the newest company to join IFC's Africa Medical Equipment Facility, IFC announced today, helping Africa's healthcare providers to further strengthen their services in the wake of the COVID-19 pandemic.
IFC s’associe à la FMIIP pour renforcer la compétitivité du secteur
IFC s'associe à la Fédération Marocaine de l'Industrie et de l'Innovation Pharmaceutiques (FMIIP) en vue d'améliorer l'efficacité et la productivité du secteur et contribuer à atténuer le changement climatique en réduisant la consommation en eau et en énergie.
IFC partners with Moroccan Pharmaceutical Federation to increase productivity
IFC is joining forces with the Moroccan Federation of Pharmaceuticals Industry and Innovation (FMIIP) to help enhance the sector's efficiency and productivity and mitigate climate change by reducing water and energy waste.
IFC and World Bank to help Nigeria pave the way for domestic carbon storage
IFC and the World Bank have begun to work with the Government of Nigeria to develop a domestic market for carbon capture, utilization, and storage for industrial emissions.
IFC managing director commits to expanding IFC’s support across Africa
IFC Managing confirmed to senior public and private sector partners that IFC will expand its commitments in East Africa and across all of Africa to support a stronger private sector, help build regional value chains, and speed economic recovery from COVID-19.
IFC and Development Partners Back Ezdehar Fund to Support Growth of Medium-Sized Businesses in Egypt
To help medium-sized businesses in Egypt access the financing and tools they need to grow, create jobs, and overcome COVID-19 related challenges, IFC announced an investment in a private equity fund managed by Ezdehar, a leading private equity fund manager focused on Egypt.
IFC extends financing to Guaranty Trust Bank to support small and medium-sized businesses in Kenya
To help Kenyan businesses access more financing, including those with cash flows disrupted by the COVID-19 pandemic, IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd for on-lending to local businesses in the country.
IFC and We-Fi help tackle gender financing gap through IFC ScaleX
To help tackle the financing gap that women entrepreneurs still face IFC and the Women Entrepreneurs Finance Initiative launched a new call for applications for IFC ScaleX, that will provide an award of up to $25,000.
IFC and BOA Kenya partner to expand lending to small businesses in Kenya
To spur private sector growth and promote access to finance in Kenya, including for women-owned businesses and businesses focused on addressing climate change, IFC announced a partnership with Bank of Africa Kenya.
IFC and ADGM launch initiative to boost opportunities for women-led startups and businesses across MENA
IFC and Abu Dhabi Global Market (ADGM) launched She Wins Arabia, an initiative to help women-led startups across the Middle East and North Africa (MENA) get the advice, finance, and mentorship they need to grow.
IFC and Carrinho group partner to support agriculture development in Angola
IFC and Carrinho Group launched a training program for tens of thousands of farmers and SMEs engaged in Angola's agriculture sector to help them increase productivity and more easily access markets.
IFC to support RH Bophelo to attract new investors to fund healthcare expansion plan
IFC announced a partnership with RH Bophelo, a South African healthcare investment holding company that invests in the healthcare sector with a focus on low- and middle-income earners in South Africa.
IFC and AECF launch second round of business competition to support Kenyan refugee area
IFC and the AECF launched the second round of a global competition for private sector and social enterprise projects to support investment, development, and job creation in Kenya's Kakuma refugee camp and hosting area.
WFP and IFC to promote Health and Food Security in Rwanda
To help farmers and grain traders reduce the prevalence of aflatoxins in crops and grains in Rwanda, the United Nations World Food Programme, the International Finance Corporation, AflaSight, and Vanguard Economics launched two innovative pilot projects aimed at improving maize quality in the country.
[DRC] IFC and Equity Group Partner to support MSMEs with local-currency financing
IFC announced a partnership with Equity Banque Commerciale du Congo that will help these smaller businesses access local currency financing in the Democratic Republic of the Congo (DRC).
[RDC] IFC et Equity Group s’associent afin de soutenir le développement des MPME
IFC a annoncé avoir conclu un partenariat avec Equity Banque commerciale du Congo pour accompagner la croissance des micro, petites et moyennes entreprises (MPME) en République démocratique du Congo (RDC).
Afreximbank and ITFC ratify US$250 million finance facility to Support Africa
Afreximbank and ITFC, signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery.
IFC partners with Liquid Intelligent Technologies to boost Africa’s digital infrastructure
To support universal and affordable broadband access in Africa, IFC has partnered with Liquid Intelligent Technologies to expand data center capacity and the rollout of fiber-optic cable on the continent.
[Morocco] IFC partners with ACAPS to promote digital insurance
As part of this technical assistance program, IFC will support ACAPS in the development of a roadmap to accelerate the digital transformation of the insurance sector, and thus benefit from the rapid development of the digital economy. on the continent.
IFC invests in Egypt’s first private sector green bond to boost climate finance, drive green growth
IFC is investing $100 million in Egypt's first private sector green bond to help unlock finance for climate-smart projects, reduce greenhouse gas emissions, and support the country's transition to a greener economy.
Digital demand drives annual IFC commitments in telecoms, media and tech to $1b
The surging demand for digital connectivity during the COVID-19 pandemic has led IFC's commitments to the telecoms, media and technology (TMT) sector in emerging markets to exceed $1 billion for the first time in one fiscal year.
IFC, partners support COVID-19 vaccine manufacturing facility of Institut Pasteur de Dakar in Senegal
To scale up the manufacturing of COVID-19 vaccines in Africa, IFC announced a collaboration with the Institut Pasteur de Dakar (IPD), a vaccine maker and non-profit healthcare foundation mandated to support public health improvements in Africa.
IFC appoints Kalim Shah as Senior Country Manager for Nigeria
To support the long-term, inclusive growth of Nigeria's private sector, IFC has appointed Kalim M. Shah as its Senior Country Manager for Nigeria.
IFC invests in Vantage Capital’s mezzanine fund to support fast-growing companies in Africa
IFC announced an investment in a new mezzanine fund managed by Vantage Capital, a mezzanine funding provider on the continent, which will provide capital to fast-growing companies in Africa.
Nigeria's Daystar Power secures $20m facility from IFC
Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, announced the closing of a $20 million facility from International Finance Corporation (IFC).
IFC, OCP partner to support sustainable food systems, improve agricultural value chain in Africa
OCP, the phosphate mining and fertilizer group, signed a financing agreement with the IFC, to support OCP expand its value chain in Africa, as part of its effort to contribute to the economic development of the continent.
IFC partners with Holmarcom to expand access to insurance in Morocco, other parts of Africa
IFC and Holmarcom, a Moroccan business group, have partnered to boost access to insurance products in Morocco and select countries in sub-Saharan Africa, with IFC investing in Holmarcom Insurance Activities.
Tanzania’s financial sector could do more to boost gender diversity, IFC study
A number of financial institutions in Tanzania were found to be performing well regarding gender equality at senior management levels, though gender gaps remain and more could be done to improve the position of women in the country.
IFC, government of Morocco partner to drive economic recovery
The International Finance Corporation (IFC), signed a memorandum of understanding (MoU), with the Moroccan Ministry of Finance, Economy, and Administration Reform to reiterate IFC's support to the country's new development roadmap.
IFC, AfDB launch program to support women farmers in Côte d’Ivoire
IFC and the African Development Bank’s AFAWA initiative announced a new partnership program to boost the professional capacities, incomes and access to finance of thousands of Ivorian women smallholder farmers.
IFC launches program to strengthen private healthcare providers in Egypt
To support Egypt's goal of achieving universal health coverage by 2030, IFC launched an advisory program to help at least 100 private healthcare providers improve their patient care systems and broaden access to safe and quality healthcare in the country.
IFC partners with Nigeria’s LAPO to expand microfinance lending in sub-Saharan Africa
To help expand banking services to low-income populations in sub-Saharan Africa, the International Finance Corporation (IFC), has partnered with Nigeria's Lift Above Poverty Organization (LAPO), to expand its microfinance business.
IFC, Orange Money partner to advance digital financial services in Madagascar
IFC and Orange Money Madagascar signed an agreement to help the company accelerate the expansion of its mobile money services in Madagascar and increase financial inclusion in the country, particularly among women and those living in rural areas.
IFC and Activa collaborate to increase women’s access to insurance in Cameroon
With advisory support from IFC, a member of the World Bank Group, Activa Assurances have launched two new insurance solutions in Cameroon, aiming to reach up to one million women by 2022.
IFC, co-lenders loan $150m to KCB Bank Kenya for green projects, SMEs
IFC, The SANAD Fund for MSMEs (SANAD), the Belgian Investment Company for Developing Countries (BIO), and Symbiotics announced a loan to KCB Bank Kenya to help the bank increase lending for climate-friendly projects and to smaller businesses.
IFC, ALEXBANK partner to promote Egyptian farmers switch to solar irrigation systems
IFC and ALEXBANK, a Egyptian private bank, announced a partnership to help Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity and incomes.
IFC appoints Amena Arif as new Country Manager for East Africa and Malawi
IFC, a member of the World Bank Group, appointed Amena Arif as its new Country Manager for Kenya, Tanzania, Uganda, Rwanda, Burundi, Somalia, and Malawi, effective immediately.
IFC, IFC Financial Institutions Growth Fund invest in fintech Adumo to boost digital payment solutions in Africa
IFC and the IFC Financial Institutions Growth Fund are helping increase access to digital payment solutions for small and medium-sized businesses in several countries in Africa through an investment in South Africa-based fintech group Adumo.
IFC invests in Liquid Telecom bond to support broadband connectivity in Africa
IFC invested in a bond issued by a subsidiary of Liquid Telecommunications Holdings, which will allow the telecoms and technology solutions company to expand access to broadband Internet and digital and cloud services across Africa.
IFC appoints Makhtar Diop as Managing Director and Executive Vice President
World Bank Group President David Malpass has announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group.
COLUMNS.
[Column] Andrew Springate: Modernising and regulating SA’s payments industry
Fintechs and Virtual banks are increasingly grabbing a larger share of market space, but often taking on more risk than traditional banks ...read full column here
[Column] Cathy Smith: With change the only constant, leaders will need to be adaptive in 2023
For leaders navigating the turbulent waters ahead, it helps to keep an eye on some of the main risks lying in wait...read full column here
[Column] Dumisani Moyo: Navigating the winds of change in a digital-first world
Following the devastation caused by the COVID pandemic, business leaders are now faced with navigating yet another set of disruptive market conditions ...read full column here
INTERVIEWS.
[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus… read full interview here
[Interview] Ireayomide Oladunjoye, MD/CEO, Endeavor, Nigeria
Endeavor, a not-for-profit organization, is the global community of, for and by high-impact entrepreneurs … read full interview here
[Interview] Mikhail Marchenko, Co-founder, JuicyScore, Kenya
JuicyScore offers anti-fraud and risk management solutions to digital lenders, insurance companies, e-commerce, and classifieds… read full interview here
B2B Events
The Africa Trade Expo (TATE) | Virtual Conference and Trade Show | 9 March 2022 - 9 March 2023
The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals ... read full details here
Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show | 9 March 2022 - 9 March 2023
Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming ... read full details here