The World Bank Group, through two Dutch-funded Trust Funds, is helping slums in Kenya getting connected to safe, reliable and affordable electricity.
With electricity, children can study at night, shops can operate into the evening, and hospitals can operate consistently. Through a community based approach, Kenya Power has gone from 5,000 customers in December 2014 to more than 150,000 customers in May 2015, just half a year later.
On July 7, 2015, the IFC and the AIFH have signed an agreement for a $21.5 million loan and $4.5 million equity investment by IFC in AIFH. This loan comes with support from the Dutch-funded Global Agriculture Food Security Program (GAFSP), and is intended for the construction and operation of a 45,000 tons per year processing plant in Rwanda for fortified cereals to treat child malnutrition. Continue reading
The final project evaluation will provide an assessment of the design and delivery of the South Sudan PSD Program, assessing whether the Program achieved intended results and impacts. The evaluation will also provide learnings from experience to improve future design of PSD programs in conflict and fragile states like South Sudan. The evaluation will be conducted in line with the OECD Development Assistance Committees principles of evaluation. This tender is for an individual consultant, not a firm. Continue reading
WBG is looking to hire a professional association, to act as a Consultant Organization to collect data on starting a business, registering property, and enforcing contracts indicators for the forthcoming Doing Business in Kenya study. In order to complete the data collection phase for this project, the Consultant Organization will supervise data collection for the three indicator areas. The Consultant Organization will identify questionnaire respondents, who are known practitioners in the areas benchmarked (e.g. lawyers, conveyancers, etc.).
The survey includes 8 districts in 4 regions: Northern: North Gonja, West Gonja; Upper East: Bawku West, Talensi; Upper West: Lawra, Nandom; Volta: Agortime Ziope, Kadjebi Continue reading
This article was originally posted on the IFC website.
We are looking for current students or recent graduates of MBA or Master’s degree programs with strong financial skills, professional achievement, leadership potential and a demonstrated commitment to development.
Program Features and Career Path
The three year program is structured to provide participants with a solid understanding of IFC’s business and strategy, a global network, and regional experience in one of IFC’s industry groups (Financial Institutions Group; Infrastructure and Natural Resources; Manufacturing, Agribusiness and Services; and TMT, Venture Capital & Funds). Following a series of interviews successful applicants receive offers directly from industry departments for positions in one of IFC’s offices, regional hubs, or at headquarters.
Earlier this year the IFC proposed, and the Board of Directors approved, an investment in the Dutch Afriflora Group. The agreement was signed on April 13, and the investment made a month later, on May 13, 2015. The investment consists of an IFC and MCPP senior secured €90 million (US$112 million equivalent) loan.
Afriflora is a family-run manufacturer and marketer of cut-rose products based in Ethiopia. Continue reading
Data released by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, shows that Dutch investment bank FMO was the largest co-investor of the IFC in Fiscal Year 2014. Additionally, of the entire IFC portfolio, two of the five largest co-financiers were Dutch.
The IFC invests in private sector entities that are active in developing countries. However, as described in a previous blog post, the IFC’s share of the investment is typically no more than 25-35%. The remainder has to come from other investors. Continue reading
The Government of Djibouti (GoDj) has several large infrastructure projects either under construction, in the development phase, or planned for the near term. GoDj is keen to explore PPP options for some of the projects in this pipeline.