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Jumia Secures $50 Million Investment to Achieve Profitability by 2027

Jumia Secures $50 Million Investment to Achieve Profitability by 2027

Jumia Secures $50 Million Investment to Achieve Profitability by 2027
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International Finance Corporation Targets K1.5 Billion Investment in Papua New Guinea Agriculture

International Finance Corporation Targets K1.5 Billion Investment in Papua New Guinea Agriculture

The International Finance Corporation (IFC) is planning to invest K1.5 billion in agriculture in Papua New Guinea by 2030 as part of the World Bank Group's AgriConnect initiative. This was announced by Catherine Hendren, an associate investment officer at IFC, during the Business Advantage PNG Investment Conference. The initiative aims to transition 300 million smallholder and family farmers from subsistence to commercial agriculture. The IFC, as the private-sector arm of the World Bank Group, is actively seeking commercially viable businesses to support in the agribusiness sector. The AgriConnect initiative focuses on building an agricultural ecosystem with improved access to finance, technology, and digital services.
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Jumia Secures $50 Million Investment to Boost African E-Commerce Profitability

Jumia Secures $50 Million Investment to Boost African E-Commerce Profitability

Jumia Secures $50 Million Investment to Boost African E-Commerce Profitability
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International Finance Corporation Refines SME Loan Risk Assessment to Lower Costs

International Finance Corporation Refines SME Loan Risk Assessment to Lower Costs

International Finance Corporation Refines SME Loan Risk Assessment to Lower Costs
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World Bank Group Launches Explorers Program 2026 for U.S. Nationals in International Development

World Bank Group Launches Explorers Program 2026 for U.S. Nationals in International Development

The World Bank Group has opened applications for its 2026 Explorers Program, targeting early-career U.S. nationals interested in international development. The program offers two-year Extended Term Consultant contracts in World Bank offices in Brazil, Colombia, and Panama. Participants will engage in projects across various sectors, including finance, economics, and infrastructure, gaining practical experience and mentorship. The initiative aims to develop professionals who understand global development challenges and the World Bank's operations. Applications are due by August 17, 2026.
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If Shopify's U.S. Presence Fascinates You, Study These 5 Companies Next

If Shopify's U.S. Presence Fascinates You, Study These 5 Companies Next

Shopify changed e-commerce by empowering entrepreneurs. Here are five other companies applying a similar playbook to transform their respective industries.
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GIZ Data Governance Courses Aim to Strengthen Trust and Accountability in Africa's Digital Economy

GIZ Data Governance Courses Aim to Strengthen Trust and Accountability in Africa's Digital Economy

GIZ Data Governance is offering specialized online certificate courses through the atingi digital learning platform, targeting policymakers, regulators, and professionals in Africa. These courses focus on data governance, digital policy, and the creation of value from data. The courses aim to enhance skills in areas such as trust, accountability, and stakeholder participation, which are crucial for sustainable data governance. The program emphasizes the importance of participatory approaches and institutional cooperation in data governance, using African case studies to illustrate these concepts. The courses are designed to be accessible, with each having an estimated duration of 1.5 hours and offering certification upon completion.
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International Finance Corporation Invests Rs 225 Crore in NDR Smart Spaces for Warehousing Development in India

International Finance Corporation Invests Rs 225 Crore in NDR Smart Spaces for Warehousing Development in India

The International Finance Corporation (IFC), a member of the World Bank Group, has committed Rs 225 crore to NDR Smart Spaces, a platform of the NDR Group, to develop 20 million square feet of warehousing and logistics infrastructure across India. This investment focuses on tier 2 and tier 3 cities, aiming to address supply chain gaps by developing both dry warehousing and cold storage facilities. The project is expected to create approximately 24,000 direct jobs, enhancing the logistics sector in regions such as Maharashtra, Tamil Nadu, and Uttar Pradesh.
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International Finance Corporation Seeks Consultant for Business Integrity in Washington, D.C.

International Finance Corporation Seeks Consultant for Business Integrity in Washington, D.C.

International Finance Corporation Seeks Consultant for Business Integrity in Washington, D.C.
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UAE Announces $168 Billion Investment in African Ports and Minerals

UAE Announces $168 Billion Investment in African Ports and Minerals

The United Arab Emirates has announced a substantial investment pipeline of over $168 billion in Africa, focusing on ports, minerals, agriculture, and green energy. This initiative positions the UAE as a major foreign investor in African infrastructure, with projects aimed at enhancing trade routes and reducing costs. DP World, a key player, is involved in developing ports and logistics networks across 13 African countries. The investment aims to provide African nations with improved infrastructure and economic opportunities, although some projects have faced delays.
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Molbio Diagnostics Attracts IFC and HDFC MF Investment Ahead of IPO

Molbio Diagnostics Attracts IFC and HDFC MF Investment Ahead of IPO

Molbio Diagnostics Attracts IFC and HDFC MF Investment Ahead of IPO
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UN Security Council Briefed on Global Terrorism Threats by Counter-Terrorism Committee

UN Security Council Briefed on Global Terrorism Threats by Counter-Terrorism Committee

Carmen G. Cantor, Deputy Executive Director of the Counter-Terrorism Committee Executive Directorate, delivered a briefing to the UN Security Council on the ongoing threats posed by Daesh and its affiliates. The briefing highlighted the resilience and adaptability of these groups despite international counter-terrorism efforts. Key issues discussed included the humanitarian challenges following the closure of Al-Hol Camp, the use of emerging technologies by terrorist groups, and the need for effective prosecution, rehabilitation, and reintegration measures. The briefing emphasized the global scope of the threat, with particular focus on Africa, Iraq, and Syria, and underscored the importance of international cooperation and compliance with human rights law in counter-terrorism efforts.