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The East African Tuesday February 02 2021 Bottles on a manufacturing line. Kioo Ltd has received funds to improve efficiency of its production. PHOTO | FILE Summary IFC said the loan will provide Kioo with working capital as the region's beverage industry faces falling demand due to measures put in place to contain the spread of Covid-19, like closure of bars and restaurants. Advertisement World Bank’s private sector lending arm has granted $10 million to Kioo Ltd to invest in energy efficient machinery to reduce its carbon footprint in Tanzania. The International Finance Corporation advan...

Africa business in brief | issue 382 | 13 dec 2020 Coronavirus (COVID-19) Africa: Africa is better equipped to deal with a potential second wave of COVID-19, leveraging on measures adopted in tackling the pandemic’s initial adverse health effects, experts affirmed during a special session on the second day of the 2020 Africa Economic Conference. As the world gears up for new COVID-19 vaccines, the World Bank has unveiled a USD12-billion financing package to help developing countries procure the vaccines. Dr Feng Zhao, practice manager of Strategy, Operations and Global Engagement at the Wor...