A member of the World Bank Group, IFC focuses on private sector development in developing countries.
How IFC plans to use fintech and cash flow to finance African MSMEs
Makhtar Diop addressed the Africa Financial Summit, warning about the impact of short-term dollar debt on African enterprises. He emphasized that Africa's projected 4.5% economic growth is insufficient to create jobs for the continent's growing youth population.
Kenyan Electric Mobility Startup ARC Ride Secures $33.3 Million to Scale Battery-Swapping Infrastructure Across Africa
ARC Ride raised $33.3 million in a funding round to expand its battery-swapping network. The funding was led by Novastar Ventures and Norrsken22, with participation from several development finance institutions.
