The International Finance Corporation (IFC) has announced that it invested over $1 billion in the telecoms, media and technology (TMT) industry in emerging markets in the last fiscal year that ended in June the largest investment in the sector by IFC in a single year.
International Finance Corporation said that the high demand for digital services in developing countries led to increased telecoms, media, and technology investments. Nearly 75% of IFC’s $1 billion commitment in TMT was in Africa.
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