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Tag: IFC

IFC’s $14.2bn Investment in Africa: A Strategic Move for Economic Stability

December 7, 2024
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| Africa, Economy

Edson Baraukwa | Africa Guardian The International Finance Corporation (IFC) has committed a historic $14.2 billion in investments across Africa in the 2024 fiscal year, marking a 23% increase from the previous year. This record investment is aimed at boosting growth in critical sectors such as clean energy, manufacturing, digital connectivity, agriculture, small businesses, and trade, with a particular…

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IFC and Airtel Africa Collaborate to Expand High-Speed Mobile Connectivity in Sub-Saharan Africa

September 21, 2024
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| News Update, TechBusiness

By Charles Muchoki | Africa Guardian The International Finance Corporation (IFC) has extended new financing to three of Airtel Africa plc’s subsidiaries, aiming to enhance high-speed mobile connectivity for over 37 million users across sub-Saharan Africa. The $200 million loan from IFC will be used to expand and modernize Airtel Africa’s network infrastructure, with a significant focus on improving…

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