IFC approves loans for Chinese company to boost production in Africa

ACCRA, Sept. 7 (Xinhua) -- The International Finance Corporation (IFC), a member of the World Bank Group, has approved the provision of 107 million U.S. dollars in loans to China's Sunda International Group to ramp up its production in five African countries.

The IFC said in a statement late Wednesday that it has signed an agreement with the Chinese manufacturing firm to expand its production facilities in Cote