IFC to invest USD 1 mn in Palestinian Ibtikar fund: The International Finance Corporation (IFC) is investing USD 1 mn in Palestinian VC fund Ibtikar, according to an IFC press release. The investment will allow Ibtikar, which focuses on accelerator-based investments in ICT startups, to close the USD 10.45 mn it needed to support some 25 startups over the next five years.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…