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World Bank Lends US$175 M To Africa’s Ecobank
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The World Bank’s International Finance Corporation (IFC) has lent US$175 million to pan-African banking group Ecobank Transnational Inc (ECOBANK) to boost the financial sector in several countries.
In a statement obtained on Friday, the IFC said providing cash to a “regionally systemic financial institution” would increase lending to small and medium-sized...