Tag Archives: International Finance Corporation (IFC)

International Finance Corporation (IFC): Latest News

  • The World Bank’s IFC Invests In Kenyan Mobile Tech Startup

    mobile tech provider By Staff, 8:52 am

    The IFC is investing $6M into Africa’s Talking, an African mobile tech provider. The Nairobi-based start-up offers bulk SMS, short code and premium SMS, in addition to customized mobile messaging solutions for its customers. The IFC is the largest global development institution focused exclusively on the private sector in developing countries. The funds have been earmarked for the expansion of Africa’s Talking, with the IFC aiming to help it utilize more markets than the current seven countries.

  • Zambian Mobile Money Startup Zoona Raises $15M, Eyes 10 African Markets

    Zoona By Kevin Mwanza, 9:20 am

    Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital raising as it seeks to spread its operations to ten countries across Africa by 2020. International Finance Corporation (IFC), a member of the World Bank Group, led the investment with $7.5 million while Omidyar Network doubled its investment in the second phase.

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