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IFC commits Sh3bn to fund eyeing Kenya, SA, Nigeria investments
International Finance Corporation (IFC) Vice-President for Africa Ethiopis Tafara makes his remarks during the IFC Press Roundtable held on October 02, 2025 at the IFC offices.
Photo credit: Francis Nderitu | Nation Media Group
The International Finance Corporation (IFC) is set to invest $20 million (Sh2.58 billion) in a private equity fund to be managed from Nairobi, which will invest up to $200 million (Sh25.8 billion) in fast-growing companies in Kenya, South Africa and Nigeria.
The global financier is also ready to invest alongside the fund –Lightrock Africa Fund II— to the tune of $5 million (Sh647.1 million) to bring its total commitment in the partnership to $25 million (Sh3.23 billion).
