Latest News for: Africa lending

Edit

Nigeria’s infrastructure funding to slow as China cuts lending

Business Day Online 18 Jan 2022
From almost nothing, Chinese banks today make up about one-fifth of the total lending to Africa, concentrated in a few strategic/resource-rich countries, some of which include Nigeria, Angola, Djibouti, Ethiopia, Kenya, Zambia, and Uganda ... eventually cut back on lending to Africa.
Edit

China, Russia targets Africa in race for minerals of the future

Business Day Online 17 Jan 2022
China is moving in on Africa and South America to strike alliances and lend money to mineral resource-rich African countries in a bid to position itself as leading source for minerals of the future ... Russia denies any state involvement with the group or its activities in Africa, most recently in the Central African Republic and Mali.
Edit

The U.S. Needs To Move Much Faster In The Critical Minerals Race

Oil Price 16 Jan 2022
... China is moving in on Africa and South America to strike alliances and lend money to mineral resource-rich… .
Edit

ADALend CEO Kaspars Koskins : “We Are Building a Secure Lending Platform on Cardano”

NewsBTC 15 Jan 2022
This would be unacceptable to ordinary people in the western world today but for the millions of unbanked people in the developing countries of Africa and Asia, this renders ETH useless as they need to lend and narrow far smaller amounts.
Edit

China to cut back on African lending amid rising debt profile

Business Day Online 14 Jan 2022
From almost nothing, Chinese Banks today make up about one-fifth of the total lending to Africa, concentrated in few strategic/ resource-rich countries, some of which include Nigeria, Angola, Djibouti, Ethiopia, Kenya, Zambia and Uganda. Figures obtained from the China-Africa ...
Edit

GNPC’s KK Sarpong and Freddie Blay directors of an off-shore oil company – ACEP alleges

Ghana Web 14 Jan 2022
In October 2021, Africa Intelligence reported that GRA, by extension the Finance Ministry, intends to lend the tax settlement amount from the Oxy transaction to GNPC to offset the acquisition cost of the 7% interest with no recourse to the Petroleum Revenue Management Act (PRMA), Act 815 as amended.".
Edit

LIBOR: African alternative reference rate worth exploring – GCB Capital MD

B & FT Online 14 Jan 2022
El-Awuku noted that with increased intra-continental interactions, particularly under the Africa Continental Free Trade Agreement (AfCFTA) and with the possibility of more continent-wide lending, a regional or continental reference rate would, in principle, be laudablealbeit one that would require a lot of groundwork ... On the local front ... ....
Edit

Hungary govt expects COVID-19 cases to surge, shortens quarantine period

FX Empire 13 Jan 2022
Gulyas said the number of daily new cases would likely hit new all-time peaks, adding however that the government did not expect a similar increase in hospitalisations and deaths ... In Hungary 40,164 people have died of COVID-19 ... What are Lending Protocols? The Rise of DeFi Lending ... Africa CDC talking to Pfizer about importing its COVID treatment pill.
Edit

GNPC seeking to assign oil interest to company registered in tax haven Cayman Islands – ACEP

Joy Online 13 Jan 2022
K ... In October 2021, Africa Intelligence reported that GRA, by extension the Finance Ministry, intends to lend the tax settlement amount from the Oxy transaction to GNPC to offset the acquisition cost of the 7% interest with no recourse to the Petroleum Revenue Management Act (PRMA), Act 815 as amended ... Should Finance Ministry Lend to GNPC? ... .
Edit

Love theory in kidnap of Italian lured to Africa

BBC News 12 Jan 2022
Claudio Formenton from Venice was abducted in November and rescued three days later in a police raid ... For years he's been doing voluntary work on behalf of the populations of poor countries, especially in Africa.". "He's someone who does all he can for others, always ready to lend a hand to everyone ... Abducted by taxi ... .
Edit

China applies brakes to Africa lending

Financial Times 11 Jan 2022
Beijing has signalled a more cautious approach amid warnings that several African countries could struggle to repay debts ....
Edit

Trendlines Invests in Agri-Fintech Company AgriG8

The Salamanca Press 10 Jan 2022
AgriG8 integrates real-time monitoring with proprietary farmers' behavioural analysis to provide financial institutions the�MRV (measurement, reporting and verification) capabilities to reduce their lending risk ... The plan is to expand to Africa and Indonesia by Q3.
Edit

China not luring African nations into debt traps—foreign minister

Manila Standard 07 Jan 2022
Wang, speaking ahead of touring Beijing-funded infrastructure projects in Kenya, said China’s considerable lending to Africa was “mutually benefiting” and not a strategy to extract diplomatic and commercial concessions ... “This is a narrative that has been created by those who do not want to see development in Africa.
Edit

China is not trapping Africa in debt: foreign minister

The Jakarta Post 07 Jan 2022
Wang, speaking ahead of touring Beijing-funded infrastructure projects in Kenya, said China's considerable lending to Africa ...
Edit

Deutsche Bank confident of hitting key profit target -CFO tells Handelsblatt

FX Empire 06 Jan 2022
FRANKFURT (Reuters) – Deutsche Bank is confident that it will reach a key profitability target this year, the German lender’s finance chief told Handelsblatt in an interview ... What are Lending Protocols? The Rise of DeFi Lending ... special envoy for Horn of Africa to leave post ... ....

Most Viewed

×