The International Finance Corporation has invested an additional $459.8 million (Sh55.6 billion) in Kenyan companies, cementing its position as the largest provider of capital to local firms.The institutional investor says in its latest annual report that its cumulative investments in Kenyan companies rose to $4.1 billion (Sh497 billion) in the year ended June.This was an
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A United Kingdom company, Zetogon has said it invested $100,000 in a Nigerian software firm, AirSmat, to help the organisation to deliver world-class service on the African continent. The firm is expected to use the cash to get its product, SmatCrows, to customers and support the product launch, according to a statement by their publicist.
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, reported recently. The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. The International Finance