Tag "world bank"

World Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups

The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies in Africa, Middle East, Central Asia, and Pakistan. According to the IFC, these regions collectively received less than two percent

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Fintech Startups in Egypt Stand to Gain a Cut from US$200 Mil Fund by the World Bank

The World Bank has set aside US$200 million for Egyptian SMEs hoping to create job opportunities for the kingdom’s youth. The project, called ‘Catalyzing Entrepreneurship for Job Creation’, will funnel about US$145 million to grant loans for small businesses—especially those

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