Latest News for: Africa lending

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Rugby Africa chief believes the Springboks

The Daily Mail 30 Nov 2023
The Springboks' World Cup triumph has the potential to ignite a boom in rugby across Africa, with the right funding and structural change – according to the continent’s leading official ... ‘As President of Rugby Africa, I am so proud of the Springboks for what they have done,’ Mensah told Mail Sport ... Symbolically, it was massive for Africa.
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Could carbon credits be Africa’s next big export?

Economist 30 Nov 2023
\nACMI and others are keen to increase the size of Africa’s voluntary market ... But in a world where many rich countries are cutting aid to Africa, China is lending less and commercial creditors demand high interest rates, African states will inevitably explore any new source of funds.
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Consumers should be wary of January as we head into the spending season after interest ...

Independent online (SA) 24 Nov 2023
Consumers in South Africa can look ahead to the festive season without having to adjust their budgets too much after the South African Reserve Bank (SARB) announced earlier this week that interest rates would remain the same ... This means the repo rate is 8.25%, while the prime lending rate stays at 11.75% in South Africa.
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European Union pushes forward its ‘G20 Compact with Africa’

B & FT Online 23 Nov 2023
Still, Chinese lending in Africa is currently declining, while European interest is rising as it seeks to diversify supply chains ... Germany, through its KfW development bank, signed an agreement to lend South Africa €500 million ($543 million) at below commercial market rates to help it transition away from the use of coal-fired electricity.
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Old Mutual thrives over nine months despite higher outflows

Independent online (SA) 23 Nov 2023
Old Mutual Africa ... Marginal growth in loans and advances in Mass and Foundation Cluster was in line with a cautious lending strategy, partially offset by the decline in the loan book in Old Mutual Africa Regions due to the depreciation of the Kenyan shilling against the rand.
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SARB keeps repo rate unchanged once again

Independent online (SA) 23 Nov 2023
This means the repo rate is 8.25%, while the prime lending rate stays at 11.75% in South Africa ... Statistics South Africa (Stats SA) said yesterday that the annual headline CPI quickened more than expected in October, rising to 5.9% from 5.4% in September and well above the Bloomberg market consensus of 5.6%.
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Finance experts gather in Kenya to advance financial access for women-led businesses in Africa

China.dot.org 21 Nov 2023
She revealed that the bulk of women-owned enterprises in Africa are in the informal sector and thus cannot access credit from commercial banks ... Susan Koech, deputy governor of the Central Bank of Kenya, said that risk guarantee facilities could enable financial institutions to increase their lending to women-led small enterprises in Africa.
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Experts Lament Dearth of Funding in Africa’s Agribusiness Sector

This Day 21 Nov 2023
Agricultural experts have expressed concerns over the lack of funding in the agribusiness space on the continent, pointing out that agribusiness would be the engine of growth, sustainable development and job creation in Africa ... Unleashing Innovation and Unlocking Growth” at the Africa Investment Forum in Marrakesh, Morocco.
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Attorney General Alliance Advocates Wildlife Protection  

This Day 21 Nov 2023
“We are thus, glad, as the AGA-Africa Programme, to lend our support to this endeavour through the facilitation of this workshop, ensuring that we can fight wildlife crimes much more aggressively and effectively.  ... Currently, the AGA-Africa Programme is active in West, East and Southern Africa”, he added.
photo: European Union
President Michel @ G20 Compact for Africa Welcome by Chancellor Scholz
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Scholz pledges greater investment in Africa's green energy sector

Reuters 21 Nov 2023
BERLIN, Nov 20 (Reuters) - Germany will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said on Monday, noting these could in turn help Europe's largest economy achieve its own transition to carbon neutrality ... Still, Chinese lending in Africa is in decline, while European interest is rising.
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Scholz pledges greater investment in Africa green energy

Reuters 20 Nov 2023
BERLIN, Nov 20 (Reuters) - Germany will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said on Monday, noting these could in turn help Europe's largest economy achieve its own transition to carbon neutrality ... Still, Chinese lending in Africa is in decline, while European interest is rising.
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G20-Led Summit for Africa Highlights Renewed Interest in Fast-Growing Continent

Voa News 19 Nov 2023
Leaders from more than a dozen African countries are heading to Germany for the G20 Compact with Africa conference, which aims to help bolster private investment in the world's poorest, but fast-growing, continent ... Still, Chinese lending in Africa is in decline, while European interest is rising as it seeks to diversify supply chains.
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Investec adds more clients and provides more loans to lift interim dividend

Independent online (SA) 17 Nov 2023
In South Africa the credit loss ratio was expected to normalise to the lower-end of the TTC range of 20bps to 30bps ... Net core loans increased 4% annualised to £31bn; largely driven by corporate lending in both core geographies and private client lending in South Africa.
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Ghost of '99 returns to haunt South Africa as familiar Proteas heartbreak silences Eden Gardens

Hindustan Times 17 Nov 2023
South Africa players walk back to the pavilion dejected after losing the match to Australia by 3 wickets during their semi-final match in the ICC World Cup 2023(ANI ). As the cricketing world witnessed the latest installment in South Africa's World Cup heartbreak on Thursday, one would think – Dormammu had an easier bargain.
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News24 | Germany to lend SA R10 billion for shift to renewables

News24 17 Nov 2023
Germany, through its KfW development bank, will on Friday sign an agreement to lend South Africa500 million (~R10 billion) to transition away from coal-fired electricity ... .
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