International Finance Corporation

LUSAKA (Capital Markets in Africa) — International Finance Corporation, a member of the World Bank Group, and the OPEC Fund for International Development (OFID) today announced an investment of $10 million each in Metalco Industries Company Limited, a Zambian company that recycles metal scrap to manufacture copper cables, lead-acid batteries, aluminum sheets and utensils. Metalco will use the new capital to upgrade environmental standards, expand operations, create over 250 new jobs and support the local…