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Union Bank of Nigeria Plc has received a $30 million loan facility from the International Finance Corporation (IFC) to help…
The Guide mainly covers three key areas – understanding the asset class and where it sits alongside other asset classes, why and how to invest in PEs and an overview of the benefits and risks of investing in PE.
The development of the guide was informed by a market study report that sought to investigate the low uptake of investment by pension schemes.
In Kenya, for instance, PE allocations by pension schemes account for only 0.08 per cent of the total industry assets under management. From a regulatory perspective, there are provisions allowing pensions to invest in PE funds across East Africa (Kenya, Uganda, Rwanda, Tanzania, and Ethiopia).
According to Kenya’s pension regulator, the Retirements Benefits Authority (RBA), though the country has had regulations that provide for diversification of pension funds away from traditional instruments, most pension schemes are still predominantly bond and stock investors.
The continent internet economy can reach $180 billion by 2025, accounting for 5.2 per cent of Africa’s GDP Africa’s access…
This as 19 per cent of people in sub-Saharan Africa lived in areas not covered by mobile networks while an additional 53 per cent did not use mobile internet despite having coverage.
The need for accessible internet solutions comes after Meta (formerly Facebook) announced plans to shut down its low-cost Express Wi-Fi internet.
The programme was launched back in 2016 to drive internet connectivity in regions where other forms of connectivity, like ADSL and fibre-optic networks, aren’t readily available or established.
The Kenyan bank said it would use the loan to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges.
The loan from IFC is one of the single-largest credit facilities to a Kenyan lender.
Besides shoring up the bank’s capital base, the new loan will also be lent to customers, fitting IFC’s’ impact investing criteria.
IFC encourages the banks it funds to lend to women-owned enterprises and climate-related ventures such as renewable energy projects.
The International Finance Corporation (IFC) is launching a new advisory program to improve women’s employment opportunities in Egypt. IFC which…
Africa’s close development partner, World Bank—on Thursday took a serious initiative to restore its relations with Somalia, after being dull…
Africa is now more connected, technologically savvy, and focused on enhancing its economic systems compared to 30 years ago. The…
International Finance Corporation (IFC) has unveiled an investment of up to EUR050mn in Habesha Breweries S.C. to help the company…
IFC and IFHA-II Coöperatief U.A., a private equity fund focused on health care in Sub-Saharan Africa, have launched a $115…