January 26th, 2013 by Tom Minney
The International Finance Corporation plans to issue a $50 million (NGN 8 billion) local-currency “Naija” bond in Nigeria to support the domestic capital markets and increase access to local-currency finance. IFC bonds are rated triple-A by Moody’s Investors Service and Standard & Poor’s.
November 8th, 2012 by Tom Minney
The Initial Public Offer by power company Umeme closed on 7 November and results are expected before the listing on 30 November. Before the close, commentators said there was a turnup of applications and that the International Finance Corporation had invested, but parliamentarians called for an inquiry.
June 28th, 2012 by Tom Minney
The International Finance Corporation (the private sector investment arm of the World Bank group) will invest and mobilize more than $1 billion into private infrastructure in Africa during 2012, up from $200 million 5 years ago.
June 6th, 2012 by Tom Minney
The International Finance Corporation, a member of the World Bank Group, and the African Development Bank are to work together to facilitate local currency lending and bond issuance in Africa. They signed an ISDA Master Agreement for this.
December 22nd, 2011 by Tom Minney
The International Finance Corporation (IFC), a member of the World Bank Group, on 20 Dec agreed to invest CAD1,250,000 in nickel and copper exploration through Sama Resources Inc, which will use the funds to advance the Samapleu project in eastern Côte d’Ivoire, near the border with Guinea.
November 11th, 2011 by Tom Minney
The International Finance Corporation plans to invest up to $700 million in new African telecommunications projects in this year and the next, says Reuters.
July 29th, 2011 by Tom Minney
A top conference from 17-19 October will be “Investment & Innovation in Microfinance: Africa” (www.microfinance-africa.com), with a great lineup of speakers, investors and MFIs.
March 31st, 2011 by Tom Minney
The International Finance Corporation has signed an agreement to invest up to $0.6 million in Banque de l’Habitat du Burkina Faso and will also provide advice. The bank is the first in Burkina Faso dedicated to housing and IFC aims to help strengthen the country’s financial sector and show that mortgage lending is commercially viable.