Latest News for: Africa lending


Lovemore Ndou returns to the ring raising money for Covid victims

WBN 26 Jul 2021
FORMER boxing world champion turned lawyer Lovemore Ndou, who is also an Australian Hall of Fame inductee and author, has announced today he is returning to the ring to raise money for South Africa and COVID affected Australians ... “For that reason I am appealing to the world to pray for South Africa and lend a hand where possible.”.
photo: Creative Commons
US dollars

Maintaining US dollar's preeminence is key to U.S. national security

The Hill 26 Jul 2021
... reserve currency or in challenging the strong financial leadership of the United States, the CCP has frequently exposed their expansionist mindset through their territorial claims in the South China Sea and predatory lending like the Belt and Road Initiative in Africa and Asia.

How private sector investment is boosting Africa’s economic growth

Business Day Online 22 Jul 2021
While Chinese lending to the public sector in Africa reduced by about 75% percent from $28bn in 2016 to $7bn in 2019, This content is for Premium Monthly, Standard ...

'We need to act now': Sub-Saharan Africa faces third wave of Covid-19

The Manila Times 21 Jul 2021
Now, another six months on, sub-Saharan Africa faces its third devastating wave ... The risks of leaving Africa behind ... We've ramped up our lending to sub-Saharan Africa - last year it was more than 13 times our annual average - and support to increase our access limits will allow us to scale up our zero-interest lending capacity.

Industry insight: Motorists score as OEMs look to evolve their business models

Independent online (SA) 19 Jul 2021
Just one example is a current campaign at Volvo Car South Africa, whereby the company is currently offering 0% balloon, 0% deposit, and a lending offer of prime -2.

Saloodo! launches with BeduConnect, a road freight service between Middle East and Africa

Algeria Times 17 Jul 2021
Saloodo! announced the launch of BeduConnect, a road freight service between Middle East and Africa ... With a combination of logistics expertise backed by DHL, as well as the flexibility and digital skills of a start-up, Saloodo! lends weight to the digitalization efforts of the logistics sector in the Middle East and Africa.

Nigeria seeks $1bn in funding for a key gas pipeline project

The National 17 Jul 2021
It is the latest sign of falling Chinese financial support for infrastructure projects across Africa, after years of major Chinese lending for railway, energy and other projects ... Nigeria's Paga could become Africa's next tech unicorn ... Chinese bank lending to African ...

Nigeria seeks $1 bln for key gas pipeline as it awaits Chinese lending

Reuters 16 Jul 2021
Chinese infrastructure lending across Africa has fallenNNPC says it still seeks some funds from Chinese lendersChinese lenders feel too exposed to Nigeria, source says ... It is the latest sign of falling Chinese financial support for infrastructure projects across Africa, after years of major Chinese lending for railway, energy and other projects.

China Is Growing Increasingly Reluctant To Fund African Energy Projects

Oil Price 16 Jul 2021
... for energy and infrastructure projects in Africa, which was booming in the decade before the pandemic.… .

Deepening the EU-African partnership

B & FT Online 15 Jul 2021
Home to more than one billion people, Africa boasts the youngest, fastest-growing middle class in the world ... In the European Investment Bank’s 2021 development report, which details our €5 billion ($5.9 billion) of lending in Africa last year, we offer a series of articles from experts highlighting the complexities facing development finance today.

IFAD partners Babban Gona to boost private funding for smallholder farmers

Business Day Online 14 Jul 2021
Previously, IFAD only channelled investments to rural areas through grants and sovereign loans to governments. IFAD’s loan to Babban Gona is IFAD’s first loan to a private sector entity ... Houngbo, President of IFAD in a statement ... Read also ... In addition, the lending gap to agricultural SMEs was around $100 billion annually in Sub-Saharan Africa alone ... .

FLASHBACK: I was not involved in the daily management of Capital Bank – Dr. Mensa Otabil

Ghana Web 14 Jul 2021
Three years ago, the Founder of the International Central Gospel Church Dr Mensa Otabil said he was never involved in the day-to-day activities of defunct bank Capital Bank ... Dr ... Dr ... Dr ... Re ... 1 ... I will therefore continue to lend my support and mentorship to inspire others who dare to dream and work towards the promise of Africa’s growth and transformation.

Africa resorts to diversification, donations to tackle coronavirus vaccine scarcity

Anadolu Agency 12 Jul 2021
Africa has resorted to diversification strategy and donations to help ward off the worrisome vaccine scarcity after India diverted its production for domestic use, an official said ... COVAX forecasts to have supplied 520 million doses by the end of this year in Africa, rising to nearly 850 million by the end of the first quarter of 2022.

The 2020s will be a crucial decade for China, and even its leaders know the ...

Business Insider 12 Jul 2021
Chinese leader Xi Jinping ... See more stories on Insider's business page ... Lintao Zhang/Getty Images ... Siu Chiu/Reuters ... Its infrastructure projects in Sub-Saharan Africa provided badly needed capital, even as lending to countries like Pakistan has enabled the building of coal-fired power stations that will exacerbate climate change ... VCG/VCG/Getty Images.

Why this ‘Mystery’ gardenia is blooming despite the heat and drought conditions

San Gabriel Valley Tribune 10 Jul 2021
It is also noteworthy that the thunbergiana species is native to South Africa and relatively drought tolerant, and lends this quality as well to the augusta species it supports ... of ... Gardenias, indigenous to southeastern China, tropical Africa, and Oceania, are native to soil that is acidic due to heavy rainfall that leaches out alkaline compounds ... .