Tag: IFC investment

Jumia
BusinessHot News

Hassanein Hiridjee’s AXIAN, IFC back Jumia with $50 million equity deal

Jumia’s $50 million equity deal with AXIAN and IFC gives the African e-commerce company fresh capital to improve efficiency and growth.

Timilehin Adejumobi Timilehin Adejumobi
Chad Smart, co-founder of Capitalworks
BusinessHot News

Capitalworks launches $350 million South Africa private equity fund backed by IFC, Standard Bank  

Capitalworks Private Equity Fund IV South Africa launches $350 million fund backed by IFC and Standard Bank for mid-market growth.

Timilehin Adejumobi Timilehin Adejumobi
Dembesh Hotel reopens in Juba, signaling private sector growth
BusinessTourism

Dembesh Hotel relaunch highlights South Sudan’s resilience

The reopening of Dembesh Hotel in Juba offers a rare piece of good news for South Sudan’s private sector. In a country still grappling with conflict, food insecurity and regulatory uncertainty, the return of one of the capital’s oldest hotels signals cautious business confidence.  For years, investors have viewed South Sudan as a high-risk frontier market with limited infrastructure and…

Oluwatosin Alao Oluwatosin Alao
World Bank’s arm invests $50 million in Lagos Free Zone to boost Nigeria’s economy
BusinessHot News

World Bank’s arm invests $50 million in Lagos Free Zone to boost Nigeria’s economy

IFC’s $50 million investment in Lagos Free Zone boosts Nigeria’s industrial growth, trade efficiency, and economic diversification.

Feyisayo Ajayi Feyisayo Ajayi