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.

29/09/2022 at 16h09, by Africa Business+

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.

Recommended articles

Bank

22/09/2023 at 15h05, by Africa Business+

Alan Pullinger awaits major financial package for FirstRand

The head of South Africa’s second-largest bank intends to inject $400 million into renewable energy...

Bank

13/04/2023 at 17h10, by Pierre-Olivier Rouaud

RMB seeks MIGA support in deal with Côte d’Ivoire government

The South African investment bank intends to lend €100 million in the short term to the Ivorian government...

Commercial banking

31/10/2022 at 17h43, by Africa Business+

Nigeria : IFC grants $10 m to strengthen Providus Bank’s short-term signature

The small, fast-growing Nigerian bank, which recently exited the OTC market, will benefit from a $10...

Health

21/10/2022 at 14h47, by Africa Business+

IFC invests $15 million in Transform Health Fund, managed by Africinvest and Health Finance Coalition

The IFC will invest $15 million in the NGO Health Finance Coalition, which plans a $100 million vehicle...

Bank

26/11/2019 at 17h32, by Africa Business+

FirstRand in the spotlight after the withdrawal of RMB (34%) and Remgro (3.9%)

The largest shareholder in the South African financial group is planning to sell its assets and divest...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com