Economy
IFC Invests in Kifiya’s AI Platform to Expand Agricultural Finance Across Africa
BirrMetrics · 6 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
The International Finance Corporation has signed its first investment agreement with Ethiopian fintech company Kifiya to expand AI-driven agricultural finance and rural financial infrastructure across Africa.
- The International Finance Corporation signed an investment agreement with Ethiopian fintech company Kifiya to expand agricultural finance across Africa.
- The investment was announced on November 4, 2026, at the Africa Financial Summit in Luanda, Angola.
- Kifiya uses alternative data and artificial intelligence to assess borrowers, drawing on more than 10 billion alternative data signals.
- The company's infrastructure has supported over 1 billion US dollars in credit and its AI models have assessed more than five million loan applications in Ethiopia.
- In Ethiopia, Kifiya currently works with nine financial institutions, including six commercial banks.
- An existing partnership launched in 2025 has digitally profiled more than 1.2 million Ethiopian farmers, exceeding its original target of one million.
- Kifiya's platform has enabled financing and insurance for 1.1 million micro, small, and medium-sized enterprises and smallholder farmers.
- Kifiya is headquartered in Addis Ababa with AI and technology hubs in Nairobi and Cape Town, and is holding expansion discussions in Rwanda, Uganda, Tanzania, and Kenya.
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