International Finance Corporation

Total 7 Posts

Ethiopia in discussions to use digital solutions to improve financial inclusion

Ethiopia's new leadership is interested in using digital technologies to improve financial inclusion in the East Afrikan country. This comes after the United Nation's ECA Executive Secretary, Vera Songwe, Ant Financial’s CEO, Eric Jing, and the International Finance Corporation’s (IFC) VP and Treasurer, Jingdong Hua, met with President

Study hopes to help expand digital financial inclusion

A new study that hopes to help with expanding digital financial inclusion in emerging markets, including Afrika, has been announced. Titled "Aligning Expectations: The Business Case for Financial Inclusion", the study was published by the International Finance Corporation (IFC), a member of the World Bank Group, along with

Financial boost for small businesses in Rwanda

The World Bank's International Finance Corporation (IFC) has given Rwanda's I&M Bank a $10 million subordinate loan. The IFC has said that this is to help the bank increase its lending to small businesses in Rwanda. Both financial organizations have stated that they hope this will boost economic

Report suggests that ride hailing apps boost women's income in Egypt and South Africa

A newly published report titled "Driving Toward Equality: Women, Ride-Hailing, and the Sharing Economy" suggests that ride-hailing platforms like Uber, Careem, and Taxify are boosting women's incomes in South Africa and Egypt among many other countries evaluated. The report by the World Bank's International Finance Corporation (IFC) also

20 top Afrikan startups enter World Bank Group's digital acceleration program

Twenty of the most promising African digital start-ups will take part in the XL Africa residency, the flagship initiative of the business accelerator launched last April by the World Bank Group’s infoDev program. From 6 - 17 November 2017 in Cape Town, the entrepreneurs will have the opportunity to

World's Largest Solar Photovoltaic Generation Park in Egypt Receives Significant Investment From The World Bank

The Board of Executive Directors of IFC, a member of the World Bank Group, has approved an investment of $635 million that will help construct, operate and maintain the world's largest solar photovoltaic generation park in Benban, Egypt. The solar photovoltaic generation park is made up of to 11 solar

Mozambique's First Utility Scale Solar Power Plant Secures $55 Million Financing

Mozambique's first ever utility scale solar power plant has received financing to the value of $55 million. The financing package is provided by the International Finance Corporation (IFC), a member of the World Bank Group. This will support the development of a 40,5 MW solar photovoltaic plant in Mocuba,