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Ghana, IFC to lend $8 million to textile company DRT Apparel

DRT Apparel Group, the largest apparel manufacturer in West Africa, will receive a loan of up to $8 million from the International Finance Corporation (IFC), including $4 million from IFC's own account and $4 million from IFC as the implementing entity of the International Development Association's (IDA) private sector window....

2022 AfricaTech Awards : Boosting Innovation Across Africa

To help support the growth of startups with impactful solutions in Africa, VivaTech has partnered with the International Finance Corporation (IFC) to launch the first edition of the AfricaTech Awards, which will take place at VivaTech in June 2022. The impact that new tech solutions can have in Africa is...

Vivatech 2021 : a call to stimulate investment in African innovation

Viva Technology, the Presidential Council for Africa and Seedstars Africa Ventures unveiled new initiatives to boost investment in African innovation.  By Bilkiss Mentari, Paris United in their support of the African tech sector, the Viva Technology show - or VivaTech - the Presidential Council for Africa (CPA) and the venture...
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Mali: IFC lends €2 million to CEDIAM to support the mango sector

The International Finance Corporation (IFC) announced yesterday the disbursement of a €2 million loan to the Centre for the Study and Development of Industrial and Agricultural Development of Mali (CEDIAM) to support the development of the firm, create jobs, facilitate producers' access to markets and increase mango production and exports,...
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Egypt : IFC signs first investment deal with Turkish Sisecam

Pasabahce Egypt, the subsidiary of Turkish glassware and glass packaging producer, Sisecam is eligible for a $30 million financing from the International Finance Corporation (IFC), the private sector arm of the World Bank Group in emerging countries. The facility consists of a long-term loan of up to $20 million and...
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Covid-19 The pandemic has worsened existing gender inequalities

The COVID-19 pandemic has worsened existing gender inequalities, according to a report of the IFC.  While women make up 39% of global employment, they account for 54% of the overall job losses due to the crisis. Gender gaps in access to finance have created additional challenges for women entrepreneurs to...
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South Africa The ICF want to increase funding in renewable energies

The International Finance Corporation, a member of the World Bank Group, and Nedbank Limited have partnered to increase financing for renewable energy projects in South Africa. A loan of up to 200 million dollars will help Nedbank expand its green finance operations and grow its climate portfolio by funding renewable...
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Uganda The IFC invests 12 million dollars in a pharmaceutical company

The International Finance Corporation plans to invest 12,6 million dollars in the form of a loan in AK Life, a top pharmaceutical manufacturer and distributor based in Uganda. The medical company already operates in Uganda, Rwanda, Tanzania, Kenya, and Burundi and plans, with this investment, to grow its distribution network...
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