Monday 10, November 2008 by

IFC invests in EastNets

EastNets, which is engaged in the provision of handling confidential transactions primarily for the financial, corporate and government sectors in the Middle East, North Africa, Europe, and the US, has announced that it has strengthened its expansion program after securing fresh investments from the IFC (World Bank). The IFC has invested in equity to become one of the major investors of EastNets. IFC has conditioned that its investment will be utilised to create employment in software development, and ultimately enhance EastNets' software development and process outsourcing businesses in its centres in Amman, Cairo, and Istanbul.

Features & Analyses