Latest News for: Africa lending


Telkom to offer small businesses funding up to R5 million

Independent online (SA) 18 Aug 2022
Small businesses in South Africa seeking funding have been offered a solution by Telkom as the business announced the launch of Telkom Lend. Telkom says that Telkom Lend will enable small businesses to apply online for funding and get an answer within 24 hours.

‘Beast’ has its blemishes, but the creature feature has some bite | Movie review

The Morning Journal 18 Aug 2022
On the flip side, even though they’re existing in a non-traditional scare-flick setting — “Beast” was filmed in South Africa, which lends an air of authenticity to the proceedings — the characters often make nonsensical decisions ... them to South Africa for a long-planned safari.

Ghana’s interest rate of 27.34% highest among 11 top Sub-Saharan Africa countries

Joy Online 17 Aug 2022
This has consequently pushed lending rates high at over 30% on the average, and thus putting the country in the number one position with the highest cost of loans in the region ... But this comes as a cost as lending rates continue to surge ... This will obviously keep interest rates and lending rates the highest in Sub-Saharan Africa ... Ghana27.341st ... .

Lesaka to Host Webcast and Conference Call to Review Fourth Quarter and Year-End 2022 Results

Eagle-Tribune 17 Aug 2022
JOHANNESBURG, South Africa, Aug ... +1 309 205 3325South Africa Toll-Free + 27 87 550 3946 ... 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.

Fintech firms ramp up investments in Kenya’s microfinance space

Mail Guardian South Africa 14 Aug 2022
Kenya is a leader in both mobile money and digital lending in Africa, with more countries just starting to adopt the tech ... Now, IBS Intelligence expects digital lending to redefine the dynamics of the credit market in Africa ... Digital lending cuts the cost of offering services and streamlines onboarding,” it said in its analysis.

Any alternatives to the International Monetary Fund (IMF) Africa should be looking at?

B & FT Online 12 Aug 2022
The IMF bailout comes with certain conditions that some believe is the best solution for Africa’s economic challenges ... Moreover, the IMF has been criticized for its involvement in Africa’s economic affairs, with some going as far as accusing the organisation of being responsible for Africa’s economic problems ... (“AFRICA ... AFRICA.

Boosting Economic Recovery Through Loans

This Day 10 Aug 2022
direct lending, loan guarantees) ... BanksDrive to boost lending ... The best performers in terms of lending to businesses in first quarter of the year include United Bank for Africa (UBA) Plc, Access Bank Plc, FBN Holdings Plc, FCMB Holdings Plc, Fidelity Bank Plc, Stanbic IBTC Holdings Plc, and Wema Bank Plc ... COVID-19 Impact on Lending.

Lesaka to Participate at the 4th Annual Needham Virtual FinTech & Digital Transformation ...

Eagle-Tribune 10 Aug 2022
JOHANNESBURG, South Africa, Aug ... 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.

You Do Not, Under Any Circumstances, Gotta Hand It To America Firsters

TPM 09 Aug 2022
leaders, sensible of the analogy to the past, invoke the Franklin Roosevelt administration to justify aid short of war — most explicitly when, this May, President Biden signed a law styled the Ukraine Democracy Defense Lend-Lease Act ... If not for Lend-Lease, Hitler would have found something else to propel him onward.

Russia remains strategically important for the continent

Independent online (SA) 04 Aug 2022
Russian Foreign Affairs Minister Sergey Lavrov, who has served as the Kremlin’s top diplomat since 2004, visited four countries in Africa last week ... Africa has been one of the hardest-hit regions ... African leaders will definitely lend an ear to US Secretary of State Anthony Blinken when he unveils the US-Africa strategy on his visit next week.

TymeBank to acquire Retail Capital as it broadens its banking footprint

Independent online (SA) 03 Aug 2022
Digital bank TymeBank said yesterday it was acquiring Retail Capital, a fintech company that provides funding to small and medium-sized businesses in South Africa, for an undisclosed amount as it expands its business’s banking offering. It will also see Retail Capital’s lending ...

Top speaker line-up announced for the Future of Education summit 2022

Business Ghana 26 Jul 2022
He is passionate about women's empowerment and nurturing innovation and research among in sub-Saharan Africa ... Jon Foster-Pedley, Dean and Director of Henley Business School in Africa – the first school to be accredited by The Association of Africa Business schools (AABS) - will also lend his expertise to the panel.

More financial pain for consumers as Reserve Bank hikes interest rate by 75 basis points

Independent online (SA) 21 Jul 2022
The cost of living in South Africa continues to go up after the South African Reserve Bank (Sarb) increased the lending rate on Thursday ... The latest hike will mean that the prime lending rate in South Africa will increase to 9 percent ... Statistics South Africa (StatsSA) yesterday ...

Angolan model viewed as early example of Chinese debt-trap tactics

Beijing News 21 Jul 2022
... that holds lessons for the rest of Africa ... In the early 2000s, Angola received USD 42.6 billion from Chinese lenders, more than a quarter of China's total lending to African countries between 2000 and 2020, which made it the largest recipient of Chinese loans in all of Africa.

South Africa raises rates more than forecast; decision split

FX Empire 21 Jul 2022
JOHANNESBURG (Reuters) – South Africa’s central bank raised its main lending rate more than expected on Thursday, by 75 basis points to 5.50% to try to keep a lid on inflation. This was the fifth meeting in a row that the South African Reserve Bank’s monetary policy committee (MPC) has raised its repurchase rate ... Advertisement ... Sign Up ... See All ... ....

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