World Bank's IFC sees 'huge' potential to boost investment in Africa

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The World Bank's private investment arm sees huge potential to boost investment in Africa and help support entrepreneurship and digital transformation on the continent, top officials with the International Finance Corp (IFC) said.

three-day summit attended by 45 African national leaders

IFC Managing Director Makhtar Diop told Reuters the IFC was working with African countries to help match up entrepreneurs with urgently needed financing to support economic growth and job creation across the continent. The goal, he said, was to develop "homegrown innovative solutions" for Africa that could also be exported to the rest of the world. "Support for African entrepreneurship and digital transformation is essential to economic growth, job creation, and resilience on the continent and beyond."

“Africa is the market of the future for U.S. products and services, and so, if is not active, it will miss out on a huge opportunity," Sonneborn said, citing what he called an "economic pivot" to focus on key new markets.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

This group has given us what we have .. we need completely new thinking, investment opportunities is same old rubbish

IFC sees big potential for more economic exploitation. Thanks

Go invest in EG agriculture so they won't have to import food from Serbia! Then we can talk about Africa's real potential!

Colonizers will come back as investors in the African Diaspora to do more damage. Africans must learn to unite against evil force's.

Blacks should be driven into same debts as the Baltic countries already in

US need resources, but china 🇨🇳 is all in...a long time ago. wonder why

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين