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Tag Archives: IFC

Kenya, World Bank sign deal to boost supply of affordable housing units

Nairobi, Kenya | Xinhua | Kenya’s state-owned National Housing Corporation (NHC) and the International Finance Corporation (IFC), the World Bank’s private sector lending arm, on Thursday signed the financial advisory services agreement to boost the supply of affordable housing units in the east African nation. Amena Arif, IFC country manager for …

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Equity, IFC in $165 million partnership to support SMEs

IFC to support Equity’s lending to5 million SMEs under the ‘Africa Recovery and Resilience Plan’ Nairobi, Kenya | THE INDEPENDENT | Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses …

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IFC acquires 6.71 pct of Kenya’s Equity Bank

Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has acquired a 6.71 percent stake in Kenya’s regional lender Equity Bank, officials said Tuesday. Mohamed Gouled, the vice president of risk and finance at the IFC, said in Nairobi, the Kenyan …

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Business executives advise women on ‘kameeza’ money

Kampala, Uganda | THE INDEPENDENT | Ugandan women have been advised to look at the so-called ‘kameeza’ money as a source of investible capital. Kameeza is a cash daily subsistence allowance that typical Ugandan husbands leave their women in the morning before they go to work. Some smart women have become …

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Ugandan smallholder farmers to benefit from Microsoft’s digital transformation initiative

Microsoft 4Afrika will support a digital transformation in Africa’s agri-food sector, increasing farm yields and farmers incomes Kampala, Uganda | Ronald Musoke | Ugandan smallholder farmers will benefit from Microsoft’s new programme that seeks to avail digital tools and training resources to small-scale farmers and agriculture-linked small businesses in Uganda, Nigeria, …

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Netherlands–Uganda project boosts local fintechs

Four years ago, the Dutch government launched the Netherlands Trust Fund IV (NTF IV) project in Uganda to empower fintechs, generate new technologies and teach them business basics. However, last month, the project that was implemented in partnership with the Dutch Centre for the Promotion of Imports from Developing Countries …

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Africans take the lead on the global stage

Africa’s rising stars in global trade and development finance, show the world that it’s finally the continent’s time to shine, writes Gina Din-Kariuki The World Bank Group recently named longtime vice president Makhtar Diop to replace Philippe Le Houérou as head of the International Finance Corporation (IFC), making him the …

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Jibu bags IFC, Financial Times Business Award

Kampala, Uganda | THE INDEPENDENT | Jibu, a social enterprise pioneering a powerful franchising model to supply safe drinking water across seven African countries, has won the Transformational Business Award for Transformational Solutions in Urban Infrastructure, it said on Nov.04. The award was given by the Financial Times and the International …

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