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Africa

Africa: World Bank’s IFC to Back Admaius’ $500 Million Virunga Africa Fund II

eriinfo.com2 hours ago07 mins

The indicative commitment follows the strong performance of RSSB-anchored Virunga Africa Fund I The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is considering a major investment in Virunga Africa Fund II, a new $500 million growth equity fund managed by Kigali-headquartered Admaius Capital Partners. According to project information disclosed…

Africa

Africa: IFC Mulls $6m Investment in Catalyst Fund Africa Climate-Tech Vehicle

eriinfo.com8 months ago04 mins

TLDR The International Finance Corporation (IFC) has announced a proposed equity investment of up to $6 million in Catalyst Fund The fund focuses on three verticals: fintech for climate resilience, sustainable livelihoods, and climate-smart essential services such as water, energy, and agriculture The IFC’s participation would strengthen the fund’s capital base while signaling confidence in…