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IFC launches $225 million fund directed towards early-stage startups in Africa, Central Asia, and Middle East

IFC launches $225 million fund directed towards early-stage startups in Africa, Central Asia, and Middle East

The International Finance Corporation (IFC), a global development institution and member of the World Bank Group has launched a $225 million venture capital fund to support early-stage startups in Africa, Middle East, Central Asia and Pakistan. The investment, classified into equity and ‘equity-like’ will enable tech startups to attract scalable

World Bank Supports Egypt’s Quest for a Cleaner Logistics and Transport Sectors with $400M

World Bank Supports Egypt’s Quest for a Cleaner Logistics and Transport Sectors with $400M

World Bank has approved a $400 million development financing agreement to boost Egypt’s logistics and transportation sectors and support the transition to low-carbon transportation along the Greater Cairo Area (GCA) railway corridor. The Cairo Alexandria trade logistics development project will include the construction of a railway bypass to the