The International Finance Corporation (IFC) has committed a Ksh7.28 billion ($50 million) equity investment in a Denmark-backed fund referred to as the Emerging Markets Infrastructure Fund II.

The funding will go towards transport infrastructure projects, and supply chains to help tackle food insecurity and climate-related issues in Africa and South Asia.

For more information, please see https://www.theeastafrican.co.ke/tea/business/ifc-invests-50m-fund-for-africa-asia-projects-4358702