Ifc Commits Usd 20 Mn Equity Investment in Transvolt Mobility

IFC lists Rwf24bn corporate bond on Rwanda Stock Exchange

The International Finance Corporation (IFC), the private sector arm of the World Bank, on July 18, listed a Rwf24 billion corporate bond on the Rwanda Stock Exchange (RSE). The new eight-year bond issued under IFC’s Pan-African Domestic Medium-Term Note Programme, shall pay a coupon of 10.25 per cent per annum, according to a statement issued by RSE. ALSO READ: Our investment commitments now exceed $11bn – IFC’s Pimenta “This strategic issuance …

World Bank-Backed IFC Commits $20 Million Investment In EV Firm Transvolt Mobility

IFC, a member of the World Bank Group, on Friday said it is providing $20 million (about Rs 170 crore) equity investment to Transvolt Mobility Pvt. to scale up electric vehicles (EVs) production.IFC's $20 million investment to Transvolt is a part of the company's $50 million financing round, the World Bank arm that provides funds for private sector development in emerging markets said in a statement."This is IFC's first equity investment in an E…

IFC commits USD 20 mn equity  investment in Transvolt Mobility

NEW DELHI, July 18:  IFC, a member of the World Bank Group, on Friday said it is providing USD 20 million (about Rs 170 crore) equity investment to Transvolt Mobility Pvt Ltd to scale up electric vehicles (EVs) production.   IFC’s USD 20 million investment to Transvolt is a part of the company’s USD 50 million financing round, the World Bank arm that provides funds for private sector development in emerging markets said in a statement. “This is …