Industry Newsroom

IFC Commits Combined ~USD128.5m in Nigeria’s Zenith Bank, Tunisia’s Data Processor VACPA, Mozambique’s Westfalia Fruto Mozambique, And Egypt’s Globaltronics

International Finance Corporation has agreed to invest up to USD128.5m in African businesses, including a USD100m senior loan to Nigeria’s Zenith Bank; a USD11m senior loan to Tunisia’s date processor VACPA; a USD7.5m investment in Mozambique’s agribusiness Westfalia Fruto Mozambique; and a USD10m investment in Egypt’s electricity meter manufacturer Globaltronics. Read more