|IFC to Invest $1B in Africa’s Private Infrastructure||
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The World Bank’s financial lending arm, the International Finance Corp. (IFC), said it anticipates investing $1 billion into Africa’s private infrastructure in 2012. It will focus on transportation, telecommunications, and the power industry including renewable energy.
The IFC said, “Africa’s continued reform programs and IFC’s strategy are coming together at an unprecedented scale in 2012, when IFC will for the first time invest and mobilize more than $1 billion in private infrastructure in Africa.”