By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Shore AfricaShore AfricaShore Africa
Notification Show More
Font ResizerAa
  • Hot News
  • Tourism
  • Entertainment
  • Business
  • Luxury
  • Exclusive
  • Sports
  • Technology
Reading: Sub-Saharan Africa to benefit from $332 million EU-IFC funding deal
Share
Font ResizerAa
Shore AfricaShore Africa
Search
  • Hot News
  • Tourism
  • Entertainment
  • Business
  • Luxury
  • Exclusive
  • Sports
  • Technology
Have an existing account? Sign In
Follow US
Shore Africa > Hot news > Hot News > Sub-Saharan Africa to benefit from $332 million EU-IFC funding deal
Sub-saharan Africa to benefit big from EU IFC funding
Hot News

Sub-Saharan Africa to benefit from $332 million EU-IFC funding deal

The EU and IFC launched a $332 million guarantee plan to unlock private investment for sustainable development, with big gains expected for Sub-Saharan Africa.

Feyisayo Ajayi
Last updated: April 29, 2025 2:39 pm
Feyisayo Ajayi Published April 29, 2025
Share
Sub-saharan Africa to benefit big from EU IFC funding
SHARE

At a Glance


  • The EU and IFC will provide $332 million in investment guarantees to de-risk private capital for critical projects in Africa and other emerging markets.
  • The initiative targets energy, agriculture, and SMEs, aiming to spur job creation, industrial growth, and climate adaptation across fragile economies.
  • Sub-Saharan Africa is a major focus, aligning with the EU’s Global Gateway strategy to mobilize €300 billion($341.85 billion) by 2027 in sustainable infrastructure investments.

The European Commission and the International Finance Corporation (IFC) have launched a joint initiative offering up to €291 million ($332 million) in investment guarantees under the Global Gateway’s Better Futures Programme. The move is expected to unlock more than $1 billion in private sector funding, with Sub-Saharan Africa standing to benefit big from the funding.

Unlocking private investment in emerging markets

Structured as a de-risking tool under the European Fund for Sustainable Development Plus (EFSD+), the guarantees will support projects in energy, manufacturing, and agriculture, and extend to micro-enterprises, SMEs, and climate adaptation efforts across emerging markets. Priority regions include Sub-Saharan Africa, the EU enlargement zone, Asia-Pacific, Latin America, and MENA.

The partnership strengthens the EU’s global development agenda and deepens IFC’s role as the leading private sector financier in emerging economies. In FY2024, IFC committed a record $56 billion. Through this programme, it will use guarantees to lower investor risk and attract capital to high-impact but underfunded projects.

“This collaboration unlocks private sector potential—a key driver of jobs and growth,” said IFC Managing Director Makhtar Diop. “By reducing risk, we help scale solutions that deliver lasting development.”

Sub-saharan Africa to benefit big from EU IFC funding
Sub-saharan Africa to benefit big from EU-IFC funding

Unlocking finance for Africa’s green future

For Sub-Saharan Africa, the programme means greater access to finance for sustainable infrastructure and inclusive business models—crucial for job creation, industrial growth, and climate resilience in fragile economies.

IFC, African and European Partners

EU Commissioner Dubravka Šuica highlighted the initiative’s stabilizing impact: “Our partnership with the IFC boosts investor confidence, unlocking new opportunities for SMEs and accelerating the green transition.”
This latest move underlines the EU’s Global Gateway strategy, which aims to mobilize up to €300 billion($341.85 billion) globally by 2027 in strategic investments, advancing sustainable development while avoiding new dependencies.

You Might Also Like

Egypt’s $7 billion Petrochemical Complex in New Alamein to transform its sector

Africa’s top 10 renewable energy deal

Tobi Amusan: Nigeria’s hurdles champion and Africa’s record-breaking sprint queen

Fawry delivers H1 revenue of $78 million under Ashraf Sabry

Africa’s top 15 hottest music stars dominating the charts

TAGGED:Africa growthEU fundingFeaturedgreen financeIFC supportprivate investment
Share This Article
Facebook X Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
LinkedInFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Egypt airport
BusinessTourism

Egypt plans first airport management bids to boost aviation sector

Timilehin Adejumobi Timilehin Adejumobi June 16, 2025
Top 10 Motorsport events gaining traction in Africa
Ghana unveils community resilience plan for Gulf of Guinea
Hyprop’s top South African retail assets driving Its $2.24 billion portfolio
Africa’s 20 most expensive luxury residences redefining elite real estate
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
- Advertisement -
Ad imageAd image
Lion Sands River Lodge helicopter safari
Hot NewsLuxury

Lion Sands River Lodge offers private helicopter safaris over sabi sand

Experience Lion Sands River Lodge, where private helicopter flights meet wild beauty along South Africa’s Sabie River.

Feyisayo Ajayi Feyisayo Ajayi October 16, 2025
Africa’s alcohol market is booming as incomes rise and global brewers expand
BusinessEntertainment

Inside Africa’s top 10 biggest alcohol-drinking Countries

At a Glance Across Africa, the drinking culture is evolving as economies expand, cities grow, and disposable incomes rise. Once…

Oluwatosin Alao Oluwatosin Alao October 16, 2025
Saudi Exim Bank
BusinessHot News

Saudi Exim Bank enters Africa, opens office in Morocco

Saudi Exim Bank opens its first African office in Casablanca, strengthening trade and investment ties.

Timilehin Adejumobi Timilehin Adejumobi October 16, 2025
Silvermist Wine Estate Constantia
Hot News

Inside Silvermist Wine Estate: Cape Town’s organic luxury retreat in Constantia Valley

Silvermist Wine Estate blends organic winemaking, fine dining, and eco-luxury living high above Cape Town’s Constantia Valley.

Feyisayo Ajayi Feyisayo Ajayi October 16, 2025
Morocco tourism growth 2025
Hot NewsTourism

Morocco draws record 15 million tourists in first nine months of 2025

Morocco draws a record 15 million tourists in nine months, fueled by new air routes and easier entry rules.

Feyisayo Ajayi Feyisayo Ajayi October 16, 2025
Lion Sands River Lodge helicopter safari
Hot NewsLuxury

Lion Sands River Lodge offers private helicopter safaris over sabi sand

Feyisayo Ajayi Feyisayo Ajayi October 16, 2025
Africa’s alcohol market is booming as incomes rise and global brewers expand
BusinessEntertainment

Inside Africa’s top 10 biggest alcohol-drinking Countries

Oluwatosin Alao Oluwatosin Alao October 16, 2025
Saudi Exim Bank
BusinessHot News

Saudi Exim Bank enters Africa, opens office in Morocco

Timilehin Adejumobi Timilehin Adejumobi October 16, 2025

Categories

  • Business
  • Entertainment
  • Exclusives
  • Hot News
  • Luxury
  • Tourism

About US

A premier digital news platform spotlighting Africa’s top companies, business leaders, athletes, musicians, brands, and luxury destinations.

Our Team

Subscribe US

Shore.Africa is owned by Travel Shore, the media brand behind Shore Africa. Subscribe to our newsletter to get our newest articles instantly.

Feyisayo Ajayi 465 Articles
Feyisayo Ajayi is the Publisher and Co-founder of Shore Africa, the flagship media brand under the Travel Shore umbrella. He brings over a decade of multidisciplinary experience across media, finance, and technology. Feyisayo holds a bachelor’s degree in Geology from the University of Ibadan, Nigeria.
Omokolade Ajayi 85 Articles
Timilehin Adejumobi 329 Articles
Oluwatosin Alao 77 Articles
© Shore Africa All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?