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 Lagos, Dahlia Khalifa, IFC’s Regional Director for Central Africa and Anglophone West Africa, […]
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 […]
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 Dialogue Webinar, organised by the […]
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 more Foreign […]
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. Ile-Arugbo […]
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 […]
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 […]
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 can […]
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 AFC, other […]