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20 results for "ifc"
Hundreds of thousands of Ghanaian cocoa farmers are getting a lifeline as the International Finance Corporation steps in with up to $300 million to fix a critical funding gap. The emergency financing ensures farmers keep getting paid while keeping Ghana's vital cocoa industry stable.
Nigeria just signed a major deal with the International Finance Corporation to prepare investment-ready infrastructure projects that will attract private capital. The partnership aims to close Nigeria's infrastructure gap across energy, healthcare, rail, water, and digital sectors.
A groundbreaking $134 million deal between Access Bank and the International Finance Corporation just threw a lifeline to Ghana's cocoa farmers facing a liquidity crisis. The agreement ensures the companies that buy from smallholder farmers can keep paying on time.
The International Finance Corporation has poured nearly $7 billion into Ethiopian development projects since 2021, marking one of Africa's biggest private sector success stories. The surge comes as economic reforms open once-closed industries to global investment.
A Kenyan startup is making electric motorcycles affordable by letting riders swap batteries instead of buying them, and a $5 million boost from the World Bank's investment arm could help spread this model across Africa. High upfront costs have kept most riders from going electric, but Arc Ride's pay-as-you-go approach is changing that.
More than 750,000 refugees in Kenya just gained access to business loans through a groundbreaking $20 million partnership that's turning aid recipients into job creators. Equity Bank and the International Finance Corporation are proving that giving refugees capital instead of handouts can lift entire communities out of poverty.
The World Bank's investment arm just launched a major program to turn Latin America's plastic waste problem into a circular economy success story. Brazil is leading the charge, already recycling 20% of its plastic waste.
Over the past five years, the World Bank has awarded more than 6,800 contracts worth $2.5 billion to Nigerian companies, building roads, hospitals, and schools across the country. The investment is opening doors for local businesses to compete globally while creating thousands of jobs at home.
A Swedish company just raised €30 million to scale production of electric ferries that literally fly above water, cutting a two-hour Mumbai commute to 35 minutes while using 80% less energy than diesel boats. The breakthrough is already transforming public transit in Stockholm, Oslo, and dozens of cities worldwide.
A new partnership will transform Hong Kong's Central harbourfront into a vibrant event destination, connecting three major locations in the city's heart. The five-year project promises to bring more life and accessibility to one of the world's most iconic skylines.
A new $80 million investment will renovate and build hotels in Ethiopia's capital, creating over 9,400 jobs with a special focus on women and young people. The project will deliver the country's first green-certified hotels just in time for a major UN climate conference.
A massive new solar manufacturing plant in Oman just secured full funding and started production, offering the world an alternative source for a critical solar panel ingredient. The factory will create thousands of jobs while helping diversify the global solar supply chain away from its heavy reliance on China.
Millions of small businesses in the Philippines just got a powerful new way to unlock sustainable financing. A pioneering scorecard will help them track their environmental impact and attract green investment.
Puerto Vallarta's growing network of nonprofits makes it easy for visitors and residents to give back to the beach city they love. From feeding families to protecting wildlife, volunteer opportunities welcome newcomers with open arms. ##
Southeast Asia's first semiconductor-grade polysilicon plant is taking shape in Malaysia, powered entirely by renewable energy. The $435 million facility will help meet surging global demand for chips and AI technology.
MaterialsPro is solving Africa's construction chaos by connecting builders, suppliers, and logistics on a single digital platform. The company has already delivered millions of kilos of materials and earned recognition from the UN and NSIA Prize for Innovation.
In Puerto Vallarta, a thriving network of nonprofits is giving visitors and expats meaningful ways to give back to the beach city they love. From serving meals to walking shelter dogs, thousands are turning gratitude into action.
A groundbreaking agricultural technology company just secured major funding to protect hundreds of thousands of Indian farmers from climate disasters. The investment will expand storage solutions and financing that help farmers survive extreme weather and crop losses.
A new $176 million fund just launched to bring electricity to 10 million people across sub-Saharan Africa, with plans to reach 30 million over its lifetime. The investment targets communities beyond traditional power grids with clean energy solutions like solar home systems and mini-grids.
The International Finance Corporation just invested $228 million in Egypt to boost green energy, healthcare, and small businesses. The funding will create jobs while helping the country tackle climate change and support women entrepreneurs.