New Business Ethiopia

New technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting goods and services to end users, and connecting underserved populations to business value chains, said the African Development Bank (AfDB).

A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.

The International Finance Corporation (IFC), a member of the World Bank Group, today announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria, a subsidiary of Indorama Corporation. The funding will be used for, for the construction of a new fertilizer line that will expand its capacity of urea fertilizer […]

The International Finance Corporation (IFC), a member of the World Bank Group, today announced a $10 million subordinated loan to I&M Bank (Rwanda) to strengthen the bank’s capital base.

The International Finance Corporation (IFC), a member of the World Bank Group, today formally launches ‘Africalease’, an association that will promote leasing across sub-Saharan Africa in agribusinesses and transport, among others.

The International Finance Corporation (IFC), a member of the World Bank Group, today announced that it led the $8.6 million Series A equity investment in Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup.