IFC Stories

World Bank urges shift to local currency loans in Africa
Alfred Onyango  |  Nov 07, 2025

The continent accounted for over $15 billion (Sh1.9 trillion) of IFC commitments last year, with roughly 30 per cent already in local currencies.

World Bank's IFC refuses compensation to victims of harm in African schools
Erick Kariuki  |  Jun 14, 2024

The investigation focused on IFC's oversight of Bridge International Academies regarding systems to prevent and respond to child sexual abuse, as outl...

African firms trailing in use of digital tech for business growth - IFC study
Bashir Mohammed  |  May 19, 2024

Several ongoing challenges hinder the full adoption of digital technologies, among them the high cost of equipment in Sub-Saharan Africa.

World Bank boss denies claims of sexual abuse coverup at Bridge schools in Kenya
Mary Wambui  |  Feb 07, 2024

Though the investment was made before Banga's appointment to the helm of the global Bank, the onus is on him to take action to tighten its members' ac...

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