GHANA has officially commissioned West Africa’s largest floating solar power plant, a major milestone in the country’s transition toward renewable energy and environmental sustainability. The 5-megawatt facility, located on the Black Volta River, was developed by Ghanaian engineers at the Bui Power Authority (BPA) and is now fully operational. The innovative solar project is part of … Read more
THE International Finance Corporation (IFC) has announced a $37 million partnership with Ghana-based Mohinani Group Limited to establish PET recycling plants in Ghana and Nigeria. The initiative aims to reduce plastic waste, cut import costs, and create over 4,000 jobs. Under the agreement, IFC will provide funding to Polytank Ghana Limited and Sonnex Packaging Nigeria Limited, both … Read more
THE International Finance Corporation (IFC), a member of the World Bank Group, and South Africa’s Absa Group Limited, have teamed up to provide a $50 million commodity trade finance facility to Valency International, a Singapore-based company active in Africa’s agricultural commodities market. The facility is designed to support the pre-export of key agricultural products in … Read more
TO improve access to affordable, high-quality food products in Morocco and Cote d’Ivoire, the International Finance Corporation (IFC), Fipar Holding, and CDG Invest Growth have announced a major investment in Retail Holding, a prominent food and consumer goods retailer based in Morocco. The investment will help the company expand operations and strengthen local food supply … Read more
President Bola Tinubu said on Thursday that Africa should be seen as a continent that can help the rest of the world rather than being perceived as backward, unstable, and having leadership problems. Truthng gathered that the President was in a delegation of the International Finance Corporation, IFC, a member of the World Bank Group, … Read more