IFC launches food safety training to boost standards in Ethiopia

ETHIOPIA - The International Finance Corporation (IFC) has unveiled a new training programme on food safety management practices aimed at boosting standards at both local and international markets. The training which involves food producers, retailers, industry experts and policy makers also has a sole purpose of developing the country’s food processing industry and putting Ethiopian…

IFC invests US$10m in Rwanda to support small business growth

RWANDA - The International Finance Corporation (IFC) has announced a US$10 million loan investment in I&M Bank Rwanda to increase the bank’s capital base, increase lending to small and medium enterprises in addition to creating jobs in various sectors. The investment aims to provide financial incentives to smaller business in the agricultural, tourism, trade and…

IFC partners with Myanmar Rice Federation to boost growth in rice industry

ASIA - The International Finance Corporation (IFC), a member of the World Bank Group and Myanmar Rice Federation (MRF) have signed a memorandum of understanding to support sustainable growth of Myanmar’s rice industry. The partnership made by a collaboration with Australia, United Kingdom and Japan aims to accelerate changes in the industry through development, improvement,…

IFC invests US$12.5m in Ukraine meat producer

UKRAINE - IFC, a member of the World Bank Group, is investing up to US$12.5 million in Nyva Pereyaslavshchyny, a leading Ukrainian pork producer. According to the company, the investment will support its expansion and help create jobs, modernize Ukraine’s meat production sector, and boost sustainable agriculture. The company will also build a new pig…

IFC partners with Mars Food to promote sustainable development in the rice industry

ASIA - IFC, a member of the World Bank Group, and Mars Food and Battambang Rice Investment Co., Ltd, have launched a partnership to promote sustainable development of Cambodia’s rice industry. According to IFC, the partnership will work toward improving rice production and enhancing linkages with the global rice value chain and will help Cambodia’s…