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IFC weighs $100M loan to back Coris buyout of Cabo Verde’s top bank
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IFC weighs $100M loan to back Coris buyout of Cabo Verde’s top bank
The International Finance Corporation, the World Bank Group’s private sector arm, is weighing a senior loan of up to $100 million to support Coris Holding’s push into Cabo Verde’s banking market, a move that would deepen the West African group’s cross border footprint under Burkinabe financier Idrissa Nassa.The proposed financing, still subject to IFC board approval, is designed to help Coris fund its acquisition of a 59.81% stake in Banco Comer…
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