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IFC approves $25m commitment

The World Bank Group's member organisation has backed an Africa-focused fund.

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Institution: International Finance Corporation
Headquarters: Washington, DC, US
AUM: $56.63 billion

International Finance Corporation has committed $25 million to Convergence Partners Digital Infrastructure Fund. The fund will invest in the ICT infrastructure with a geographical focus on Nigeria, Ghana, Cote d’Ivoire, the Democratic Republic of Congo, Ethiopia, South Africa, Kenya, Uganda, Zambia, Tanzania, Mozambique and Botswana.

As illustrated below, IFC’s recent fund commitments have focused on the telecoms, energy, renewables and transport sectors across several regions.

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