IFC's investments in Africa grow 23% to $14.2bn in past year

Development finance institution the International Finance Corporation's (IFC's) investments in Africa totalled $14.2-billion in the past fiscal year, or 23% higher than the prior year, which is its largest ever commitment to the continent. Its investments supported Africa’s clean energy, manufacturing, digital connectivity, small business, trade, agriculture, and other vital sectors during its 2024 fiscal year from July 1, 2023 to June 30, 2024.