The Egyptian Prime Minister, Mostafa Madbouly, has announced that the government plans to hand over the first of its airports to a private company to manage and operate it before …
IFC
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AviationEgyptFinance & ServicesInfrastructureTravel & Tourism
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DevelopmentEgyptEnergyFinance & Services
Egypt Signs Major Deals to Boost Private Sector, Expand Green Energy
The Egyptian government has signed a series of big agreements with development partners and private companies to help grow its private sector and increase green energy production. The signing ceremony …
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DevelopmentEconomyEgyptEnergyFinance & Services
Egypt Raises $15.6 Billion in Development Financing for Private Sector
Egypt has gotten a total of $15.6 billion in development financing from over 30 international organizations and donors to help grow its private sector. This financing covers a period from …
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BusinessEconomyINVESTMENTTechnology
World Bank backs Africa digital data push with $100 million Raxio deal
The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …
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AirtelBusinessEconomyFinance & ServicesMarketsNigeriaTechnology
Airtel signs $194 million loan deal with IFC to boost African operations
Tuesday entered pact with Washington-based International Finance Corporation (IFC) to obtain $194 million credit to strengthen operations in six of its 14 African markets. IFC is a unit of the World Bank …
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AfricaAFRICA NEWSBusinessINVESTMENTNewsTechnologyTelecommunications
Wiocc Group secures $30M equity investment to support Africa’s Digital infrastructure expansion
Wiocc Group, a leading digital connectivity and infrastructure provider in Africa, has secured a US$30-million (R540-million) equity investment from the International Finance Corporation (IFC). The new investment will support WIOCC …
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Banking, Finance & InvestmentBusinessEastern Africa
KCB and IFC partner to Finance Climate Change Efforts in Kenya
KCB Bank Kenya has secured a Sh18billion loan from the International Finance Corporation (IFC) that will boost the lender’s support for businesses that address climate change. Through the partnership, IFC …
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AFRICA NEWSBuildingFinance & Services
Thierno-Habib Hann has been appointed as the new CEO of Shelter Afrique
The board of Shelter Afrique has appointed Thierno-Habib Hann as the new chief executive to succeed MR Andrew Chimphondah who quit suddenly in February. Mr Hann currently serves as the …
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The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan partnerships with banks, plugging a gap in the local credit …
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The IFC (International Finance Cooperation) has expressed readiness to explore ways to fund Nigerian real estate developers with proven track records to support the provision of affordable housing projects for …