IFC

Published By: Paras YadavLast Updated: March 22, 2023, 15:28 ISTMahindra & Mahindra (Photo: IANS)The Rs 600 crore investment will result in an ownership of between 9.97 per cent to 13.64 percent for IFCGlobal development institution IFC will invest Rs 600 crore in a new last-mile mobility (LMM) company, a wholly-owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo), it announced on Wednesday.IFC’s first investment in an EV manufacturer in the country, and the first in electric…

Airtel Africa Tuesday entered pact with Washington-based International Finance Corporation (IFC) to obtain $194 million credit to strengthen operations in six of its 14 African markets. IFC is a unit of the World Bank Group. “The new financing facility is in line with Airtel’s Africa strategy to increase debt within its operating companies,” the telecom firm said in a Tuesday statement posted on the Nigerian Exchange website. Airtel Africa, Nigeria’s biggest company by market value, in July settled senior notes…

The International Finance Corporation (IFC) has today launched a $225 million platform to back early-stage startups in Africa, Middle East, Central Asia, and Pakistan. The IFC, a member of the World Bank, will through the platform make equity and “equity-like” investments in tech startups to “grow them into scalable ventures that can attract mainstream equity and debt financing.” The institution said in a statement that it will also use the sector-agnostic platform to work closely with other…

International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets. It is a bet that using blockchain - a digital database with information that can be publicly shared within a large decentralised network - will boost the use of carbon offsets to a greater extent than more traditional methods. These credits are used by companies…

IFC Films has released the first look trailer for its upcoming psychological thriller Resurrection and the movie looks like another solid entry into the so-called “elevated” horror category that’s redefining the once pulp- and gore-driven genre. The film pulled down plenty of audience acclaim at this year’s Sundance Film Festival and looks poised to become another successful horror/arthouse mash-up. Resurrection features Godzilla vs. Kong actor Rebecca Hall in a performance that has already achieved critical praise.…