IFC, a member of the World Bank Group, is providing a debt financing package to Hikma Pharmaceuticals to help ensure smooth deliveries of medicines across the Middle East and North Africa amid the COVID-19 pandemic. The $200 million package is…
To Help Sustain Economies and Protect Jobs, the World Bank Group Increases COVID-19 Response to $14 Billion. The World Bank and IFC’s Boards of Directors approved an increased $14 billion package of fast-track financing to assist companies and countries in…
Pioneering Study Examines How Private Sector Can Help Refugees in Africa, Middle East. Refugee communities can be further supported by the expansion of formal financing and business opportunities, and increasingly investors, businesses and local communities are interested in participating or…
Whether it’s buying a bus fare or an airline ticket, Egypt’s first and biggest e-payment firm Fawry handles around 1.5 million transactions daily. Fawry CEO Ashraf Sabry told Venture how he planned to convince even more merchants and consumers to make…
The International Finance Corporation (IFC), the private sector arm of the World Bank, is making a $45 million equity investment in Jordan’s MS Pharma. “We believe that supporting leading companies such as MS Pharma will not only improve access to…
Rasha Manna, the managing director of the entrepreneur support group Endeavor Jordan, lays out the challenges facing the Kingdom’s startups, and what it takes to overcome them. The one major difficulty Endeavor faces in Jordan is pipeline—finding companies that meet…