International Finance Corporation
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IFC pumps R372m into Africa’s digital infrastructure

Connectivity supports economic growth and job creation, says the development institution, which wants to connect more African homes and businesses.

May 25, 2021

MTN in aggressive MoMo push on home turf

The telco says it’s only natural that it includes its home market in its fintech plans and has already started recruiting thousands of agents to roll out Mobile Money.

May 19, 2021

MTN, IFC in R28m MoMo deal; to recruit 10 000 agents

The alliance will target the unbanked and underbanked population of SA through establishing a strong network of Mobile Money agents in the country.

Mar 24, 2021

Nedbank gets R2.9bn loan to drive renewables in SA

The big-four bank receives a $200 million loan from the International Finance Corporation to drive renewable energy projects in South Africa.

Mar 9, 2021

SA fintech group Adumo gets R225m from World Bank member, IFC

The company will use the funds to expand access to electronic payment solutions, especially for underserved small and medium businesses.

Mar 4, 2021

Bolt gets R363m for Africa, Eastern Europe expansion

The International Finance Corporation investment will support entrepreneurship, empower women and increase access to affordable mobility in the regions.

Nov 12, 2020

Digital economy poised to contribute trillions to Africa

Africa’s growing tech talent pool has the potential to contribute R2.8 trillion to the continent’s GDP by 2025, according to the e-Conomy Africa report.

Sep 4, 2019

SAP kicks off Africa Code Week to spur digital skills revolution

German software company SAP promises to introduce 1.5 million African youths to digital skills this year.

Sep 6, 2017

Net1's independent adjudicator sets up consumer charters

Advocate Neville Melville today unveiled the new charters which will govern how the company deals with complaints and disputes going forward.?

Apr 13, 2016

World Bank buys into Net 1 UEPS

World Bank unit, the International Finance Corporation, will pay around R1.6?billion for an 18% stake in Net 1 UEPS.

Jun 13, 2012

IFC invests $35m in African ICT

The international financial body invests $35 million towards building ICT infrastructure in SA and Africa at large.

Jun 2, 2011

Teraco gets R158m data centre boost

The financing will be used to further support the company's growth, says Teraco.

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