Tag Archives: IFC
IFC: Latest News
Dana Sanchez, 1:01 am
Companies expanding in Africa are helping drive the need for more warehouse space. There is a dire shortage of warehouse facilities, says global real estate consultancy Knight Frank. Scarcity of quality warehouses in Nairobi presents opportunities for investors and developers, and the largest development bank in the world is taking notice. U.S.-based IFC and the U.K.’s CDC finance group are investing up to $35 million in Nairobi warehouse development. Logistics is an often overlooked part of economic development, the CDC said.
Kevin Mwanza, 8:07 am
World Bank’s involvement in funding school-models like Bridge International has come into question from aid agencies and civil right groups including ActionAid, Education for All (EFA) movement and Federation of Women Lawyers (Fida Kenya). A total of 116 local and international civil society groups have ganged up to push the Bretton Woods institution to relinquish its investment in Bridge International Academies,
Kevin Mwanza, 5:53 am
Lebanon-owned sub-Saharan Africa telecommunication company, Africell, has signed a $150 million syndicated loan from international lenders including the International Finance Corporation (IFC), the World Bank’s investment arm. Africell is a subsidiary of Africell Holding founded in 2000 but began operations in Africa in 2001. It has offices in The Gambia, Sierra Leone, The DRC and Uganda.
Kevin Mwanza, 8:08 am
Off Grid Electric, a solar leasing company that provides home solar electric systems to consumers in rural and urban Tanzania via a mobile payment platform, says there are more people off grid now than when it started the venture and aims to reach 200,000 households in the East African nation by the end of 2015.
Staff, 5:35 am
Cignifi has inked an agreement with the International Finance Corporation (IFC), which is aimed at expanding the delivery and usage of mobile financial services in Uganda. Cignifi will be working with the IFC to help drive the adoption and growth of Airtel Uganda’s Mobile Money platform, an e-commerce service that enables customers to use their mobile phones to send and receive money, make payments
Frank Mutulu, 3:33 am AFKI Original
The pastoral communities will be entitled to $5 dollars for every $100 dollars the wind farm will generate. This project represents a growing trend of companies making local owners active participants, a move from the past when they were mere spectators whose concerns would be left to bureaucrats in the central government often hundred miles away.
Paul Adepoju, 8:17 am AFKI Original
A member of the World Bank, the International Finance Corporation (IFC) works as the investment arm of the Brenton Wood institution and has over the years invested heavily in Africa growth sectors including infrastructure, Renewable energy, Agriculture and also provided wide-ranging advisory service.
Kevin Mwanza, 11:18 am
Existing shareholders in IHS are contributing to the fund-raising exercise alongside new investors Goldman Sachs, the IFC Global Infrastructure Fund and African Infrastructure Investment Managers. Senior debt is being provided by Standard Chartered Bank for expansion of IHS’s business in Zambia.
D.A. Barber, 11:53 am AFKI Original
Because a larger share of Africa’s population has mobile phones than electricity, this has created a unique opportunity to bring power to rural areas with no grid access. Pay-as-you-go plans for off-grid solar power are combining solar and mobile phone technology.
Makula Dunbar, 4:51 pm
A new CCTV Africa video report revealed that SMEs in South Africa now have another avenue to pursue when planning a budget or expansion.
- Real Estate