IFC lines up $100m investment in Kharafi National
- From: Vol 12, Issue 12 (December 2011)
- Category: General
- Region: Middle East
- Country: Kuwait
- Related Companies: GE Water, International Finance Corporation , Kharafi National and World Bank
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The private investment wing of the World Bank is backing the Kuwaiti developer and operator. The move is also a vote of confidence in the development opportunities on offer in Africa
The International Finance Corporation is considering an equity investment of up to $100 million in Kuwait-based Kharafi National, to support the expansion of its water and wastewater business in the Middle East and Africa.