IFC Broadens Remittance Partnership with TerraPay

In a significant move to enhance access to affordable remittances across Africa, the International Finance Corporation (IFC) has unveiled a substantial $75 million financing package for TerraPay, a leading digital payments service focused on the continent. The financing comprises a $30 million loan from IFC’s own account, a $15 million B Loan from ILX under IFC’s B Loan Program, and a parallel $30 million loan from development finance institutions OP Finnfund Global Impact Fund I and BIO.

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300 African Students Complete Pathways to Space Program

The inaugural cohort of the Pathways to Space program, a collaborative effort between the Future African Space Explorers STEM Academy (FASESA) and Boeing, celebrated its graduation in Ethiopia, marking a significant milestone in STEM education across Africa. Over five months, 312 students from Ethiopia, Nigeria, and Tanzania, including an equal representation of girls, immersed themselves in space exploration education.

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