Thursday, October 9, 2025 - 20:34:11
Columbus, United States | 17°C | Clear sky
Columbus, United States | 17°C | Clear skyLatest
IFC and Stanbic IBTC Bank, a subsidiary of Standard Bank Group, have structured an $80 million local currency facility to enable off-grid customers to access affordable solar solutions through Sun King in Nigeria. IFC contributed $50 million. The facility will allow Sun King to expand its pay-as-you-go solar financing, improving access to clean, reliable, and affordable electricity for underserved communities. The investment supports the Mission 300 initiative, which aims to connect 300 million people in Sub-Saharan Africa to electricity by 2030. Sun King, in partnership with IFC and Stanbic IBTC Bank, has secured an $80 million, fully Naira-denominated […]
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IFC, a member of the World Bank Group, and Absa Group Limited, a South African-based bank, will provide an up to US$60 million commodity trade finance facility to Volcafe, a leading global green coffee merchant, to strengthen the company’s operations in East Africa, supporting tens of thousands of coffee farmers in the region. The financing […]
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Novare Equity Partners has become the first African company to partner with International Finance Corporation (IFC) on its Greening Real Estate Investment Portfolios (GRIP) programme, as the financial services company strengthens its commitment to decarbonising its properties. Through this agreement, Novare gains access to a comprehensive suite of advisory and investment services offered by GRIP. […]
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IFC today announced the names of 100 women-led startup owners selected to participate in the She Wins Africa program, an IFC-led initiative that aims to accelerate access to capital for women-led startups across sub-Saharan Africa. The selected women will participate in comprehensive interventions that will strengthen their companies’ investment readiness, include advice and mentorship, and […]
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Avenue Group Limited (“Avenue” or “the Group”), an Evercare Group company, today announced an investment from IFC that will support the Group’s strategy to grow its healthcare offering and boost its patient reach across the country over the next five years. The $12.7 million loan to Avenue will enable the company to continue to expand its impact by […]
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