The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises (SMEs) in eight African countries, facilitating growth and job creation in the region.

The investment was made possible with support from the Women Entrepreneurs Opportunity Facility (WEOF), launched by IFC through its Banking on Women Program and Goldman Sachs 10,000 Women. Further support came from the Global SME Finance Facility, a blended-finance partnership among IFC, the UK Department for International Development, and the Netherlands Ministry of Foreign Affairs.

For more information, please see https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/947B76E4C106A246852582A200440E1C?OpenDocument