IFC’s green bond raises $134m for climate investments
International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond, attracting strong investor demand and raising 2 trillion IDR—the equivalent of $134 million in U.S. currency—to combat climate change....
Nigeria to benefit from IFC’s $3 billion portfolio
The International Finance Corporation (IFC) Country Manager in Nigeria, Eme-Essien Lore has assured that as a developing nation, Nigeria is well qualified to benefit from the corporation’s more than $3billion green building investment portfolio if concrete arrangement and understanding are put in place. According to him, IFC has a green building investment portfolio of more…
NMRC, IFC launch EDGE green building certification system
To encourage companies to invest in sustainably-designed buildings, Nigerian Mortgage Refinance Company (NMRC) and the International Finance Corporation (IFC), a member of the World Bank Group, have launched the EDGE green building certification system in Nigeria to jumpstart the mainstreaming of resource-efficient buildings across the country in a fast, simple and affordable way. An innovation…
IFC, mastercard extend financial inclusion for millions in Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation, released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.
Essien Lore: Nigeria needs to focus on economic diversification
Nigeria is a mono economy that focuses very much on the oil sector. This is according to Eme Essien Lore, the IFC’s country manager for Nigeria. CNBC Africa’s Gugulethu Cele...
‘Africa offers new opportunities for investors, private enterprises’
Despite the recent economic drag responsible for sluggish regional growth, African economies are rapidly expanding, offering significant opportunity for private enterprises and investors across the globe, a report has shown.
Experts push for more technology-driven system in Nigeria
Specifically, while they see Information and Communications Technology (ICT) impacting positively on the business climate, they also reiterated the need to develop and drive new set of frameworks and solutions anchored on technology and other digital tools.
Minister explains why banks are unable to lend to SMEs
The Minister of State, Budget and National Planning, Hajiya Zainab Ahmed, has linked the inability of commercial banks to lend to Small and Medium Enterprises ...
Operators seek African housing finance framework
Fresh building blocks were again laid recently in Nigeria, unto Africa mortgage finance sector, when pan-African housing specialists hold talks to boost provision ...