IFC invests $100m in Banque du Caire IPO to boost business financing in Egypt

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on Monday that it had invested $100m in the initial public offering (IPO) of Egypt’s Banque du Caire, securing an approximately 7% equity stake. The investment aims to strengthen the bank’s capacity to expand financing for businesses and households across […]