IFC ready to disburse $150 million to FirstRand Bank

IFC ready to disburse $150 million to FirstRand Bank

This senior loan from the private arm of the World Bank to the South African bank is aimed at supporting the financing and development of small and medium-sized enterprises in South Africa.

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            ▪ IFC ready to disburse $150 million to FirstRand Bank

▪ This senior loan from the private arm of the World Bank to the South African bank is aimed at supporting the financing and development of small and medium-sized enterprises in South Africa.

https://www.africabusinessplus.com/en/813330/ifc-ready-to-disburse-150-million-to-firstrand-bank/

The funding will be provided to FirstRand Bank in rand, the local currency. It is to be approved by the International Finance Corporation (IFC) board on 27 October.

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