Latest news with #WendyWerner
Zawya
03-07-2025
- Business
- Zawya
World Bank appoints new country manager for Oman
Muscat – The World Bank Group (WBG) announced today the appointment of Wendy Werner as the first Country Manager of the World Bank Group in the Sultanate of Oman, based in Muscat. 'This underscores the World Bank Group's commitment to the partnership with Oman and support its 'Vision 2040',' the World Bank stated. 'A new WBG office in Muscat will deepen our engagement in response to development challenges, and national priorities with speed, efficiency, and impact.' Most recently, Wendy was the Country Head for the International Finance Corporation (IFC) in India and the Maldives, overseeing IFC's largest country portfolio. With over two decades of experience across emerging and frontier markets, she has led transformative investments in climate finance, gender inclusion, and sustainable infrastructure including impactful projects such as building India's electric vehicle ecosystem, developing renewable energy supply and infrastructure, scaling green finance and embedding sustainability in manufacturing. 'I am honoured to take on the responsibility as the first World Bank Group's Country Manager for The Sultanate of Oman and bring together our forces to increase the impact we deliver in Oman and beyond,' said Wendy. 'I look forward to working closely with Oman's public and the private sector to address the country's key priorities, including building economic resilience, enhancing access to sustainable finance for Small and Medium Enterprises, and fostering private sector development both within and outside the country.' The World Bank has been providing advisory services to the Government of Oman in support of its development goals, with a focus on strengthening human capital, diversifying the economy, and enhancing the development of the private sector. IFC, a member of the World Bank Group focused on the private sector in emerging markets, has invested and mobilised US$780mn in Oman across 16 projects. IFC offers tailored financial and advisory solutions to Omani companies looking to attract investments, grow, and expand to new markets in developing countries. IFC also aims to bolster the country's sustainable finance market. IFC's latest investments include US$120mn investment in NFC, Oman's leading finance company, which is expected to enhance access to sustainable finance for small and medium enterprises (SMEs) involved in clean transport, renewable energy, and resource efficiency, as well as a US$200mn sustainability loan to Sohar International Bank to support the bank on-lending to sustainable and green projects MIGA, home of the World Bank Group Guarantee Platform, supported US$1.7bn in commercial financing of the infrastructure works for the Duqm Special Economic Zone. The project contributes to expanding the logistics sector and Oman export capacity, a key pillar of Oman Vision 2040 aimed at economic diversification.
Muscat Daily
02-07-2025
- Business
- Muscat Daily
World Bank appoints new country manager for Oman
Muscat – The World Bank Group (WBG) announced today the appointment of Wendy Werner as the first Country Manager of the World Bank Group in the Sultanate of Oman, based in Muscat. 'This underscores the World Bank Group's commitment to the partnership with Oman and support its 'Vision 2040',' the World Bank stated. 'A new WBG office in Muscat will deepen our engagement in response to development challenges, and national priorities with speed, efficiency, and impact.' Most recently, Wendy was the Country Head for the International Finance Corporation (IFC) in India and the Maldives, overseeing IFC's largest country portfolio. With over two decades of experience across emerging and frontier markets, she has led transformative investments in climate finance, gender inclusion, and sustainable infrastructure including impactful projects such as building India's electric vehicle ecosystem, developing renewable energy supply and infrastructure, scaling green finance and embedding sustainability in manufacturing. 'I am honoured to take on the responsibility as the first World Bank Group's Country Manager for The Sultanate of Oman and bring together our forces to increase the impact we deliver in Oman and beyond,' said Wendy. 'I look forward to working closely with Oman's public and the private sector to address the country's key priorities, including building economic resilience, enhancing access to sustainable finance for Small and Medium Enterprises, and fostering private sector development both within and outside the country.' The World Bank has been providing advisory services to the Government of Oman in support of its development goals, with a focus on strengthening human capital, diversifying the economy, and enhancing the development of the private sector. IFC, a member of the World Bank Group focused on the private sector in emerging markets, has invested and mobilised US$780mn in Oman across 16 projects. IFC offers tailored financial and advisory solutions to Omani companies looking to attract investments, grow, and expand to new markets in developing countries. IFC also aims to bolster the country's sustainable finance market. IFC's latest investments include US$120mn investment in NFC, Oman's leading finance company, which is expected to enhance access to sustainable finance for small and medium enterprises (SMEs) involved in clean transport, renewable energy, and resource efficiency, as well as a US$200mn sustainability loan to Sohar International Bank to support the bank on-lending to sustainable and green projects MIGA, home of the World Bank Group Guarantee Platform, supported US$1.7bn in commercial financing of the infrastructure works for the Duqm Special Economic Zone. The project contributes to expanding the logistics sector and Oman export capacity, a key pillar of Oman Vision 2040 aimed at economic diversification.
Zawya
02-07-2025
- Business
- Zawya
World Bank Group appoints new Country Manager for Oman
MUSCAT — The World Bank Group (WBG) announced today the appointment of Wendy Werner as the first Country Manager of the World Bank Group in the Sultanate of Oman, based in Muscat. This underscores the World Bank Group's commitment to the partnership with Oman and support its 'Vision 2040'. A new WBG office in Muscat will deepen our engagement in response to development challenges, and national priorities with speed, efficiency, and impact. Most recently, Ms. Werner was the Country Head for the International Finance Corporation (IFC) in India and the Maldives, overseeing IFC's largest country portfolio. With over two decades of experience across emerging and frontier markets, she has led transformative investments in climate finance, gender inclusion, and sustainable infrastructure including impactful projects such as building India's electric vehicle ecosystem, developing renewable energy supply and infrastructure, scaling green finance and embedding sustainability in manufacturing. " I am honored to take on the responsibility as the first World Bank Group's Country Manager for The Sultanate of Oman and bring together our forces to increase the impact we deliver in Oman and beyond," said Wendy Werner, the World Bank Group Country Manager to the Sultanate of Oman. " I look forward to working closely with Oman's public and the private sector to address the country's key priorities, including building economic resilience, enhancing access to sustainable finance for Small and Medium Enterprises, and fostering private sector development both within and outside the country." The World Bank has been providing advisory services to the Government of Oman in support of its development goals, with a focus on strengthening human capital, diversifying the economy, and enhancing the development of the private sector. IFC, a member of the World Bank Group focused on the private sector in emerging markets, has invested and mobilized $780 million in Oman across 16 projects. IFC offers tailored financial and advisory solutions to Omani companies looking to attract investments, grow, and expand to new markets in developing countries. IFC also aims to bolster the country's sustainable finance market. IFC's latest investments include $120 million investment in NFC, Oman's leading finance company, which is expected to enhance access to sustainable finance for small and medium enterprises (SMEs) involved in clean transport, renewable energy, and resource efficiency, as well as a $200 million sustainability loan to Sohar International Bank to support the bank on-lending to sustainable and green projects MIGA, home of the World Bank Group Guarantee Platform, supported $1.7 billion in commercial financing of the infrastructure works for the Duqm Special Economic Zone. The project contributes to expanding the logistics sector and Oman export capacity, a key pillar of Oman Vision 2040 aimed at economic diversification. The Oman office will operate under a single Country Manager for the World Bank Group including the World Bank (the International Bank for Reconstruction and Development (IBRD) & International Development Association (IDA)), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).
Time of India
23-06-2025
- Automotive
- Time of India
EV energy tech startup Kazam raises $6.2 million from IFC, Vertex Ventures, Avaana Capital Advisors
EV energy-tech startup Kazam has secured $6.2 million in funding from the International Finance Corporation (IFC), along with existing investors Vertex Ventures SEA & India and Avaana Capital Advisors. The Bangalore-based company said that these funds will support Kazam's growth as it rolls out its energy transition tools to boost the shift towards sustainable mobility . This new round takes the total capital raised by the company to $19.2 million. Previous equity rounds, led by Avaana Capital Advisors, Vertex Ventures SEA & India, and Chakra Ventures, brought in $13 million. 'Kazam is building the digital infrastructure for EVs at scale, something that's critical as the world transitions to clean mobility,' said Akshay Shekhar, CEO and cofounder of Kazam. 'IFC's backing signals confidence in our platform's potential to decarbonise transport, especially across emerging markets.' The company has seen strong growth, with revenues jumping from $1.5 million in FY24 to $6 million in FY25, a fourfold increase. Kazam is aiming to double that to $12 million this fiscal and expects to reach earnings before interest, taxes, depreciation, and amortisation (Ebitda) profitability soon. 'EVs are key to accelerating India's economic growth and energy transition. However, limited charging infrastructure remains a challenge. Our investment in Kazam aligns with IFC's strategy to catalyse the growth of the electric mobility ecosystem,' said Wendy Werner, country head, India and Maldives, IFC. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam provides device-agnostic solutions to EV charging and battery swapping operators, vehicle OEMs, fleet operators, and electricity grid companies.
Time of India
23-06-2025
- Automotive
- Time of India
Kazam raises $6.2 million to expand global EV infra
Bengaluru: Kazam, an electric mobility technology company based in Bengaluru, announced a $6.2 million Series B fundraise led by the International Finance Corporation (IFC), with participation from existing investors Vertex Ventures and Avaana Capital. The fresh capital will help Kazam expand its digital EV infrastructure offerings across markets and support the global shift towards sustainable transportation, founder and CEO Akshay Shekhar told TOI. The Series B round brings Kazam's total funding to $19.2 million, including $13 million in equity financing from earlier rounds led by Avaana Capital, Vertex Ventures, and Chakra Ventures. 'Kazam is building the digital infrastructure for EVs at scale, a critical piece in the global shift to clean mobility,' said Akshay Shekhar, CEO and cofounder, Kazam. 'IFC's backing is a strong signal of the role our platform can play in decarbonizing transportation across emerging markets.' IFC emphasised the role this investment will play in making charging infrastructure more accessible across the country. 'EVs are key to accelerating India's economic growth and energy transition. Kazam's approach will help scale the EV ecosystem and expand access to charging infrastructure, supporting the broader adoption of clean transportation across the nation,' said Wendy Werner, IFC's Country Head for India and Maldives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like KAVA בכנרת - לחיות מול הפריים המושלם - החל הפריסייל במחירי השקה מיוחדים! Kava בכנרת Undo Avaana Capital's Swapna Gupta added, 'Kazam is building the energy gateway for mobility. Its approach to creating a scalable, interoperable digital ecosystem for the EV sector is pivotal for global adoption. As EVs evolve, Kazam will play a pivotal role in shaping the digital backbone of the future of transportation.' Kazam has witnessed significant growth, achieving revenues of $6 million in FY25, four times its FY24 revenues, and is targeting $12 million this fiscal year, with Ebitda positivity in sight. The company has onboarded over 68,000 chargers, enabled more than 5 million charging sessions, and facilitated over 45 GWh of energy, avoiding an estimated 46,000 tons of carbon dioxide. Over the month of May, the Kazam platform powered 25 million electric kilometers across 80 cities and ten countries. Founded in 2020, Kazam provides device-agnostic solutions for charging and battery swapping operators, OEMs, and fleet operators. Its software and hardware offerings enable seamless EV charging, making electric transportation more accessible across India. Kazam is also a founding alliance member of the Unified Energy Interface (UEI), an open protocol akin to UPI for energy. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
