Tag: INTERNATIONAL FINANCE CORPORATION

World Bank finally approves $1.5bn loan for Nigeria

Aminu Imam

The World Bank has approved Nigeria’s request for a $1.5 billion loan.  In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year country partnership framework (CPF) that will last from 2021 to 2024. The bank said the facility was prepared jointly with the International Finance Corporation (IFC) and the Multi-lateral Investment Guarantee Agency (MIGA). The loan will focus on four areas of engagement namely Investing in human capital, promoting jobs and economic transformation and diversification, enhancing resilience and strengthening the foundations of the public sector. …

Read More

World Bank appoints new head of IFC in Benin

Abdul-Azeez Ahmed Kadir

The World Bank on Friday announced the appointment of Cyndo Obre as the new International Finance Corporation (IFC) representative in Benin. A national of Côte d’Ivoire, Obre holds a Master’s degree in International Finance and Business from the Institut Supérieur du Commerce de Paris. As country manager, he will work closely with IFC’s regional representation based in Accra, Ghana, and with the World Bank and MIGA teams. He will coordinate the increase of IFC’s interventions in Benin, particularly in key sectors such as access to finance for SMEs, infrastructure and…

Read More