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Egypt is partnering with the International Finance Corporation (IFC) to implement public-private partnerships (PPP) at 11 airports, including Hurghada International Airport, to enhance infrastructure and services without straining the national budget. This initiative is part of Egypt's Asset Monetization Program, aiming to attract private investment and improve air connectivity, ultimately fostering economic growth and tourism. The airports involved also include Sphinx, Sharm El Sheikh, and Luxor, among others.
GITEX Africa Morocco 2025, set for April 14-16 in Marrakech, will be the continent's largest tech event, showcasing innovations across AI, fintech, and more. With over 1,400 exhibitors from 130+ countries, it aims to drive Africa's digital transformation and economic growth, emphasizing sustainability and inclusivity. The event will feature high-level discussions, specialized summits, and initiatives like the Africa Future Connectivity Summit and Diaspora Studio, fostering collaboration between local and global innovators.
Equator VC has successfully closed its inaugural $55 million climate-tech fund aimed at supporting Seed and Series A-stage ventures in Sub-Saharan Africa, focusing on energy, agriculture, and mobility. Key investors include British International Investment, International Finance Corporation, and the Global Energy Alliance for People and Planet. The firm aims to accelerate an equitable climate transition by providing essential capital and support to innovative tech-driven companies addressing local sustainability challenges.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility and safety for low-to-middle-income consumers. Kazyon, established in 2014, operates over 150 stores in Morocco and is committed to providing affordable groceries, particularly in underserved regions.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility for low-to-middle-income consumers. Kazyon, established in 2014, currently operates more than 150 stores in Morocco and is committed to making nutritious food more accessible.
Pakistan's economy could reach $1 trillion by 2035 with a sustained 7% annual growth rate, according to World Bank VP Martin Raiser. He emphasized the need for key economic reforms and strong policies to attract foreign investment, while the World Bank pledged $20 billion over the next decade to support these efforts. The funding will focus on clean energy, climate resilience, and boosting private sector growth, amidst ongoing economic challenges and an IMF bailout program.
Hero Future Energies has signed a Memorandum of Understanding to invest Rs 11,000 crore in Karnataka, with projects set to commence in 2025-26. Supported by notable investors like the International Finance Corporation and Kohlberg Kravis Roberts, the initiatives are expected to create nearly 3,000 jobs in the state.
Norton Rose Fulbright has facilitated a strategic partnership between the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and a consortium led by JP Morgan to expand the Tanger Med port in Morocco, with a total investment of 400 million euros. IFC's 197 million euro investment marks a significant step in sustainable financing for the port sector in emerging markets, while MIGA provides a 15-year guarantee for the lenders. This expansion will enhance Tanger Med's capacity to manage truck flows significantly, reinforcing Morocco's status as a key maritime hub.
VPBank and Lotte C&F Vietnam have signed a Memorandum of Understanding to enhance financial services for Lotte customers, focusing on "Buy Now, Pay Later" products. This partnership aims to create innovative financial solutions, including co-branded cards and digital payment options, while expanding VPBank's reach among foreign direct investment clients in Vietnam.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Egypt partners with IFC to enhance airport infrastructure through public-private partnerships
International Finance Corporation Corp.
EGY
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Sérgio Pimenta
Sameh El Hefny
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11:54 27.03.2025
africa's largest tech event to showcase digital innovation and investment opportunities
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Amal El Fallah Seghrouchni
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12:59 21.03.2025
equator vc launches 55 million fund to support climate tech in africa
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ifc supports kazyon's morocco expansion with 30 million dollar loan
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Hassan Heikal
09:35 12.03.2025
IFC supports Kazyon's expansion in Morocco with 30 million dollar loan
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International Finance Corporation Corp.
EGY
MAR
Hassan Heikal
Cheick Oumar Sylla
09:35 12.03.2025
world bank projects pakistan economy could reach one trillion dollars by 2035
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19:38 26.01.2025
hero future energies to invest 11000 crore in karnataka creating 3000 jobs
13:15 01.12.2024
Norton Rose Fulbright Facilitates Strategic Partnership for Tanger Med Port Expansion
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International Finance Corporation Corp.
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Norton Rose Fulbright LLP
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Alain Malek
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Andrew Hart
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Alexandre Paturel
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11:10 27.11.2024
vpbank and lotte cf launch innovative financial services for customers in vietnam
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09:00 01.10.2024
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