World Bank arm pumps Sh600m into tech firms

The International Finance Corporation (IFC) is set to invest Sh600 million in technology-based companies in Kenya and other African markets. FILE PHOTO | NMG

The International Finance Corporation (IFC) is set to invest Sh600 million in technology-based companies in Kenya and other African markets, underlining the institution’s increased interest in local start-ups.

The money will be channelled through fund manager TIDE Africa which will identify and fund the firms.

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