Home Business Tech companies to benefit from IFC’s $25 million investment

Tech companies to benefit from IFC’s $25 million investment

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Kenyan Wall Street | by Miriam Wangui


Digital technology companies operating in Kenya, Nigeria, Ghana, Cote d’Ivoire, Ethiopia, Uganda, Tanzania, Zambia, the Democratic Republic of Congo, Mozambique, Botswana and South Africa are set to gain from a $25 million equity investment by the International Finance Corporation.

The private investment arm of the World Bank announced on Tuesday that it intends to invest up to $25 million in Convergence Partners Digital Infrastructure Fund, an investment management company focused on technology, media, and telecommunications sectors in Africa…

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