Business

IFC Invests $6bn in Africa’s Digital Push as NITDA Seeks Deeper Partnerships

Motolani Oseni 5 September 2025 0

The International Finance Corporation (IFC) has pledged to intensify its support for Africa’s digital transformation, disclosing that it has channelled more than $6 billion into digital infrastructure across the continent over the past decade. Speaking at the inaugural GITEX Nigeria summit in

Business

COVID-19: IFC invests $100m in Zenith Bank to drive SMEs

Ihesiulo Grace 19 June 2020 0

International Finance Corporation (IFC), a member of the World Bank Group on Thursday announced an investment of up to $100 million in Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic. IFC’s loan to Zenith Bank is its first […]

Business

IFC, CIBN partner to deliver sustainable banking certifcation programme

Ihesiulo Grace 9 May 2020 0

The International Finance Corporation (IFC), said it had firmed up arrangements with The Chartered Institute of Bankers of Nigeria (CIBN) on capacity building and Certification programme on Sustainable Banking in Nigeria The ERSM Nigeria Programme Coordinator, International Finance Corporation (IFC), and a Panelist, Mr Ibrahim Salau, made the call at an Advocacy

Business

NEPZA partners World Bank, IFC on infrastructural development

Ihesiulo Grace 10 March 2020 0

Nigeria Export Processing Zones Authority (NEPZA) has announced plans of a  partnership with the World Bank and International Financial Cooperation (IFC) on staff capacity building and infrastructural development for Free Trade Zones in the country. NEPZA Acting Managing Director, Mr Bitrus Dawuk, explained in a statement  that the partnership will help in attracting

Business

IFC, Coronation Merchant Bank to boost Nigeria’s trade finance with $40m

Ihesiulo Grace 3 March 2020 0

IFC, a member of the World Bank Group has announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation Merchant Bank to establish and expand correspondent banking partnerships with severalinternational banks in IFC’s Trade Finance program, broadening access to finance in Nigeria.

Business

Coronation Merchant Bank, IFC to boost Nigerian businesses with N14.4bn

Ihesiulo Grace 2 March 2020 0

Coronation Merchant Bank has partnered with International Finance Corporation (IFC) to a launch a N14.4 billion Trade Finance Guarantee Facility to boost financing for local businesses and enhancement of inter-continental trade. IFC is a sister organization of the World Bank and member of the World Bank Group. The organization is the largest global development institution

Business

IFC, Union Bank to boost SMEs, Women-led Businesses with $25m

Ihesiulo Grace 28 February 2020 0

IFC, a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to Small and Medium Enterprises (SMEs) in Nigeria. The facility, which will cover as much as 50 per cent of the risk of the bank’s loans to entrepreneurs aim to help […]

Business

IFC, AfDB, other DFIs unlock $9bn for developing countries

Ihesiulo Grace 11 October 2018 0

International Finance Corporation (IFC), a member of the World Bank Group; African Development Bank (AfDB) and other development finance institutions (DFIs) last year used about $1.2 billion in concessional funds to support nearly $9 billion in private investment projects in emerging markets, according to a new DFI report that highlights how blended concessional finance

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AFC, IFC partner on infrastructure development, others

Ihesiulo Grace 19 October 2017 0

Africa Finance Corporation (AFC), has, this month, become the 30th member of the Master Cooperation Agreement (MCA) at the World Bank’s Annual Meetings in Washington DC, United States of America. Created by the International Finance Corporation’s (IFC) in 2009, the MCA seeks to enhance cooperation among member development finance institutions (DFIs). Aside to