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World bank's private sector lender IFC launches 9 trillion shillings credit facility
Dubbed the IDA 18 Private Sector Window, to be channelled directed from IFC and commercial banks, will target high impact areas such in Technology, Energy, Health and Agriculture, directed towards liquidity support, value chain development and risk mitigation.

The International Financial Corporation, the world bank’s private sector lending arm has announced a new credit window for selected countries in Africa, Uganda Inclusive worth $2.5B (9Trillion shillings).

Dubbed the IDA 18 Private Sector Window, to be channelled directed from IFC  and commercial banks, will target high impact areas such in Technology, Energy, Health and Agriculture, directed towards liquidity support, value chain development and risk mitigation.

According to Oumar Seydi, the international finance co-operation's director for sub-Saharan Africa said the organisation's new strategy will offer ''financing, advisory, preparatory and derisking tools to expand the pipeline of bankable projects coming out of the private sector in Africa''.

Speaking at the launch of the facility, Professor Samuel Ssejaaka the Chairperson of the Uganda development bank urged the IFC to come down to the level of the lowest person if they are to have the meaningful impact they desire.