The Bank’s International Finance Corporation's investments in Africa have exceeded $1 billion in fiscal 2007, with a $160 million loan to five African subsidiaries of Celtel International B.V. To support private sector-led development in Africa, IFC has been pursuing new investment opportunities and expanding its advisory services activities to improve conditions for private investment. The Corporation has expanded its local presence across Africa in recent years, while delivering its unique global expertise across sectors. Read more ...