IFC Takes Large Stake in Trustco Group Holdings to Provide Big Boost to Micro Finance
By THE AFRICA BAZAAR Staff Writer
In its continuous efforts and commitments to supporting domestic capital market development in Africa, IFC, a member of the World Bank Group, is taking a stake in Trustco Group Holdings by investing $29 million (ZAR 300 million) to support student lending activities in Namibia and expand micro insurance into new countries in Sub-Saharan Africa.
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