Latest News for: Africa lending


China, Nigeria’s biggest bilateral creditor, reduces lending

Business Day Online 04 Oct 2022
... is reported to be scaling back lending in Africa amid its worsening growth woes.

Head of EU's lending signals joint action plan for COP and giant Ukraine fund

Reuters 04 Oct 2022
... its recent on fossil fuel lending ... The bank has always tended to lend around 10% of its annual spend in countries from Africa to Latin America, but Hoyer hopes the new set-up will become more prominent as an EU foreign policy tool following Russia's invasion of Ukraine.

U.S. International Development Finance Corporation invests $2.3 billion

New Business Ethiopia 03 Oct 2022
• Supporting smallholder farmers in Africa ... • Investing in renewable energy solutions in Sub-Saharan Africa. A $40 million direct investment in the Energy Entrepreneurs Growth Fund, including both senior and junior debt positions, will finance companies providing off-grid renewable energy solutions across Sub-Saharan Africa.

China tightens lending taps, leaving African markets vulnerable

Japan Times 03 Oct 2022
Africa’s largest bilateral creditor has been scaling back lending in the region amid its worsening growth woes ... .

US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round

Bitcoin 02 Oct 2022
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries ... Unlocking the Potential of Small Businesses in Africa ... Also participating in this funding round were Breega, 4Di Capital, Launch Africa, Soma Capital and Y Combinator.

Taksha Smart labz: A leading ed-tech organization that delivers in-depth learning and real-life experience

The Eastern Herald 30 Sep 2022
Taksha’s team of highly competent tutors, well-versed in the various curriculums of the region, lends strong support to students preparing for South Africa’s UMALUSI examinations, Nigeria’s WASSCE, Zambia’s ECZ, and the Caribbean region’s CSEC examinations.

5 steps you can take to manage a hike in interest rates

Beijing News 26 Sep 2022
The governor of the South African Reserve Bank recently announced an increase in the lending rate by 75 basis points. This means the repo rate (the rate at which the central bank lends money to ... South Africa isn't alone ... South Africa is the most recent African country to hike rates.

Herbert Wigwe: Steering Access Corporation’s Sustainable Growth

This Day 26 Sep 2022
2022 marks the final year of our five-year strategy to become Africa’s gateway to the world. “In the five-year period we have seen enormous growth in our value proposition and international presence as we have expanded our operations across Africa ... So for us, we are setting up a lending company.

Reserve Bank hikes interest rate once again giving no reprieve to South African consumers

Independent online (SA) 22 Sep 2022
This comes as the South African Reserve Bank (Sarb) increased the lending rate on Thursday ... The latest hike means that the prime lending rate in South Africa will increase to 9.75%, from 9% ... Statistics South Africa (Stats SA) yesterday said fuel prices decreased by 3.8% between ...

S.African repo rate up by 75 bps, now near pre-pandemic level

FX Empire 22 Sep 2022
JOHANNESBURG (Reuters) -South Africa’s central bank raised its main lending rate by 75 basis points to 6.25% on Thursday, in a bid to rein in inflation that hiked it nearer to the level seen before the COVID pandemic. The move was as expected by the majority of economists polled by Reuters and saw the rand pare gains against the U.S. dollar ... Sign Up.

Interest rate hike to hit consumers hard, say economists

Independent online (SA) 22 Sep 2022
The latest hike means that the prime lending rate in South Africa will increase to 9.75%, from 9%. Hayley Parry, money coach and cacilitator at 1Life’s Truth About Money, said ... Parry added ... EY Africa chief economist Angelika Goliger said although inflation has come off the boil slightly, dropping to 7.6% in August, it remained high ... 5.7%) and 5.4% (P ... .

Lesaka Provides Financial Guidance for Fiscal Year 2023 and Provides Clarity Regarding Shelf ...

Kentucky New Era 19 Sep 2022
JOHANNESBURG, South Africa, Sept ... Lesaka offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to formal and informal retail merchants as well as banking, lending, and insurance solutions to consumers across Southern Africa.

Chinese BRI: A Success Or A Failure?

Kashmir Observer 17 Sep 2022
Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins University, found no evidence that Chinese banks over-lend or invest in loss-making projects to obtain a foothold in those countries, in one of her studies on Chinese lending to Africa.

RMB delivers solid performance but Nigerian woes weigh

Independent online (SA) 16 Sep 2022
Profits before tax in Rand Merchant Bank’s Africa operations declined 17 percent during the full year to the end of June 2022 with the Nigerian market, battling foreign currency shortages and a plunge in the value of the naira unit of exchange, proving proved problematic for the financial services concern.
photo: Creative Commons / Pixabay/pattymalajak
Bitcoin (BTC) is a consensus network that enables a new payment system and a completely digital currency, Nov. 24, 2019.

How to fast-track the future of the African cryptocurrency market

Cryptopolitan 16 Sep 2022
In recent years, Africa has been one of the most active regions in the cryptocurrency industry ... Most of sub-Saharan Africa’s population is relatively young, 70% under 30 years old, which is critical for cryptocurrency and blockchain innovation in Africa ... Role of crypto in Africa ... Factors preventing people from adopting cryptocurrency in Africa.

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