IFC steps up African investments
Published by: Andrew Mizner at 15/03/2021 The World Bank’s private sector development investor has backed multiple projects in the SME sector.
The World Bank’s private sector development investor has backed multiple projects in the SME sector across Africa.
The
International Finance Corporation (IFC), part of the
World Bank Group, has made investments in a range of organisations across Africa, aiming to stimulate progress in the small and medium-sized enterprise (SME) and start-up sectors.
IFC has backed
Savannah Fund, which provides seed funding to start-ups in Sub-Saharan Africa, with a particular focus on female entrepreneurs. Savannah’s fund raising generated a total of USD 25 million, with USD 3 million coming from IFC and a further USD 500,000 from the Women Entrepreneurs Finance Initiative (We-Fi), which is also part of the Wor
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March 4, 2021
Liquid Telecom’s recent $620 million bond sale one of the largest by an African telecoms company should provide a big boost to the continent’s digital infrastructure, and chip away at a major barrier to more widespread internet access.
One of Africa’s biggest internet and cloud computing companies, Liquid Telecom hopes to use the fresh financing to roll out connectivity infrastructure in existing areas, and grow its presence. The financing included $220 million in loans, bringing the total amount of capital raised to $840 million.
“In the countries in which we operate there are great opportunities to address under-developed telecommunications and internet access, as well as to accelerate the adoption of digital and cloud-based services,” said Nic Rudnick, Liquid’s group chief executive officer.
Offensive post Brexit: le britannique CDC Group va investir 1 milliard de dollars dans les entreprises africaines financialafrik.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialafrik.com Daily Mail and Mail on Sunday newspapers.
How the future of work, school learning looks like
Thursday December 31 2020
Summary
IT giant, Miscrosoft made available its Teams product, a dedicated and private virtual platform that enables employees, businesses as well as institutions of learning to run their programmes.
Teams also allows holding of virtual conferences that up to 20,000 participants listen in and watch a presentation or lecture.
Microsoft 365 corporate vice president Jared Spataro said in response to the Covid-19 pandemic, communities around the world were fast evolving into an era of “remote everything”, a hybrid model of work, learning and life.
Covid-19 pushed almost every company, governments, and learning institutions to work from home.