11 May 2020

IFC to freeze investment to for-profit education: small win in a long fight

On 1 May 2020, the IFC announced a freeze on investments in private for-profit schools (K-12 primary and secondary) including the Bridge International Academies, an entity described as the largest chain of low cost private schools across Africa, mainly targeting parents who earn less than $2 a day. This move shows the power of community-input via grievances made by current and former teachers and parents to the IFC via the Compliance Advisor Ombudsman (CAO).

Read the full Africa Report article.