The International Finance Corporation is providing FirstRand Bank with Africa’s first climate loan with a blue component to the value of $225 million. Joining CNBC Africa for more is Gokhan Kont, Manager for Eastern and Southern Africa at the International Finance Corporation.
As the economic fallout from the COVID-19 pandemic continue to rip through businesses across Africa and the globe, to what extent can international and development finance institutions provide support for Africa?
Never before has the world seen a funding crisis like the one it is experiencing as a result of COVID-19 and lockdowns. Any new funding available is swallowed up within days. Is this the case with the World Bank and IFC’s $14 billion package? Sérgio Pimenta, IFC’s Vice President for the Middle East and Africa joins CNBC Africa for more.
Over the past five years, International Finance Corporation (IFC) in partnership with Rwanda Stock Exchange (RSE) have held a ceremonious event where players in the financial sector commit to bridge the gender financial gap. On the side-lines of this year's Ring the Bell event CNBC Africa's Arnold Kwizera caught up with IFC's representative, Linda Kalimba Mulenga for more on the benefits of this event.
Op-Ed: Africa requires 1.3m jobs a month to keep pace with its workforce. Small Businesses are the answer. Now let’s finance them
Access to affordable finance and to markets is a major barrier to SME growth.
The International Finance Corporation (IFC) regards the Africa Investment Forum as an interesting opportunity to meet and hear from some of Africa’s leaders and some of the key players in the private sector on what they see as the opportunities and challenges on the continent. Sergio Pimenta, Vice President of IFC in Middle East and Africa joins CNBC Africa’s Africa’s Kenneth Igbomor for more.
Clearly, Africa’s strong reform drive is cause for celebration. The sober truth, however, is that the world’s most difficult places for businesses are still largely found in Africa.
CBN to regulate indirect participants of payments system: What does this mean for financial institutions?
The Central Bank of Nigeria has issued regulations for the operation of indirect participants within the country's Payments System. The Apex Bank says the move is part of efforts to foster the development of an efficient and effective payments system in Nigeria. To unpack these regulations and their implication, Financial Services Consultant at IFC, Chidinma Lawanson joins CNBC Africa.