The International Finance Corporation (IFC), a member of the World Bank Group, has committed US$3.6 billion in new long-term financing and mobilisations in sub-Saharan Africa during its 2015 fiscal year. Almost a third of this is earmarked for infrastructure development.
“IFC supports projects that help nurture entrepreneurs and small businesses and reach projects in Sub-Saharan Africa’s critical sectors, including infrastructure and agribusiness,” said IFC Eastern and Southern Africa director, Oumar Seyd.
According to the statement, private sector projects expanding infrastructure through power, transport and utilities are set to receive U$$1.1 billion in new financing from IFC this fiscal year.
IFC has furthermore committed US$246 million to sub-Saharan Africa’s fragile and conflict affected situations, supporting projects in finance, mining, infrastructure and smaller businesses.
The International Finance Corporation (IFC), a member of the World Bank Group, has committed US$3.6 billion in new long-term financing and mobilisations in sub-Saharan Africa during its 2015 fiscal year. Almost a third of this is earmarked for infrastructure development.
“IFC supports projects that help nurture entrepreneurs and small businesses and reach projects in Sub-Saharan Africa’s critical sectors, including infrastructure and agribusiness,” said IFC Eastern and Southern Africa director, Oumar Seyd.
According to the statement, private sector projects expanding infrastructure through power, transport and utilities are set to receive U$$1.1 billion in new financing from IFC this fiscal year.
IFC has furthermore committed US$246 million to sub-Saharan Africa’s fragile and conflict affected situations, supporting projects in finance, mining, infrastructure and smaller businesses.
