IFC
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Funding
IFC Launches $225 Million Platform to Strengthen VC Ecosystems in Africa, Middle East
IFC has launched a new $225 million platform to strengthen venture capital ecosystems and invest in early-stage companies addressing development…
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Funding
Ride-hailing start-up Gozem signs $10m deal with IFC
This enables moto-taxi drivers to purchase or rent electric bikes with the ultimate goal of increasing their take-home income. In…
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Funding
IFC Invests In AXIAN Telecom Bond To Support Digital Connectivity In Africa
Dakar, Senegal, February 9, 2022—To scale up access to quality mobile connectivity for millions of individuals and businesses across Africa…
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Partnership
Liquid Intelligent joins forces with IFC to improve and expand its services around Africa
The International Finance Corporation (IFC) has teamed with Liquid Intelligent Technologies to expand data center capacity and the rollout of…
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Other financial services
BCI Holding receives US$30mn from IFC to aid its expansion drive-in Africa
BCI Holding SA is set to receive a US$30mn financing package from IFC to further expand its production in Algeria,…
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MaxAB raises $15m, acquires WaystoCap
MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers has raised $15mn from existing investors — RMBV,…
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Other financial services
IFC and FMO joins forces with I&M Bank to promote SMEs in Kenya
To help smaller businesses across a range of sectors in Kenya access financing for working capital, expansion, and to weather…
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Egyptian Ecommerce Startup, Maxab, Secures $40mn Series
Maxab, a Cairo-based B2B e-commerce platform, has disclosed that it secured $40mn in a Series A round led by RMBV,…
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IFC, Rockefeller Foundation collaborates to Deploy US$150mn to Renewable Energy Solutions in Sub-Saharan Africa
The International Finance Corporation and The Rockefeller Foundation (RF) have announced a new partnership that aims to deploy US$150mn of…
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Fintech group Adumo, lands $15mn in funding
South African- based fintech group Adumo has received $15-min in funding from IFC, a member of the World Bank Group, and the IFC…
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