Latest News for: Africa lending

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Solutions to high-interest rate and sub-optimal business and industry performances

B & FT Online 26 May 2022
This is because data, as provided in the above table, documenting the distribution and ranking of policy rates, lending rates, and inflation rates in West Africa, lack consistency in the use of policy rates to target inflation.
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Sources and acknowledgments

Economist 26 May 2022
Malik, and Alex Wooley, AidData, 2022\nWhat is the Real Story of China’sHidden Debt”?, Deborah Brautigam and Yufan Huang, China Africa Research Initiative, 2021 \nTwenty Years of Data on China’s Africa Lending, Kevin Acker and Deborah Brautigam, China Africa Research Initiative, 2021 \nHidden Defaults, Sebastian Horn, Carmen M.
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Reserve Bank flags inflation as major risk to domestic financial system

Independent online (SA) 26 May 2022
South Africa's central bank last week increased its prime lending rate by 50 basis points to 4.75%, its highest increase in six years, to rein in inflation ... Rising government debt, any emergence of a new and more deadly wave of COVID-19 and rising cyber attacks also pose risks to South Africa's financial stability, it said.
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South Africans are eating less bread as food prices soar

Independent online (SA) 26 May 2022
Data from Statistics South Africa (Stats SA) yesterday showed that the producer price inflation (PPI) rose by 13.1 percent in April compared to the same month a year ago ... South Africa’s central bank last week increased its prime lending rate by 50 basis points to 4.75%, its highest increase in six years, to rein in inflation.
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AFRICA DAY: Investors should allocate capital to businesses in Africa

B & FT Online 25 May 2022
This Africa Day, with our purpose to build a better Africa, we celebrate the huge potential that the continent of Africa offers in terms of our youthful human capital base, high-growth prospects and impactful investment opportunities ... But, an important issue that holds Africa back in terms of business development is access to finance for businesses.
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S.Africa’s central bank flags inflation as major risk to domestic financial system

Metro USA 25 May 2022
South Africa’s central bank last week increased its prime lending rate by 50 basis points to 4.75%, its highest increase in six years, to rein in inflation ... Rising government debt, any emergence of a new and more deadly wave of COVID-19 and rising cyber attacks also pose risks to South Africa’s financial stability, it said.
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S.Africa's central bank flags inflation as major risk to domestic financial system

Reuters 25 May 2022
South Africa's central bank last week increased its prime lending rate by 50 basis points to 4.75%, its highest increase in six years, to rein in inflation ... Rising government debt, any emergence of a new and more deadly wave of COVID-19 and rising cyber attacks also pose risks to South Africa's financial stability, it said.
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Lesaka Technologies, Inc. trades shares under new stock tickers

Kentucky New Era 25 May 2022
JOHANNESBURG, South Africa, May 25, 2022 (GLOBE NEWSWIRE) -- Lesaka (NasdaqGS ... 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.
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Finance Minister tasks AfBD to raise $50 billion on the capital markets

Ghana News Agency 24 May 2022
... resources to raise more funds and lend at lower coupon rates to members ... The SDR he noted could be used to provide additional capital and financing to the development banks in Africa and can also be absorbed by the Bank as equity which will expand lending capacity to countries.
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SA calls for production of Covid-19 vaccines by Africa; vows to strengthen economic ties with Germany

Independent online (SA) 24 May 2022
“We have also discussed the support that Germany can lend to our efforts to ensure that (Covid-19) vaccines produced in Africa are given a greater market share in developed countries and that vaccines destined for the African population should be produced locally here in Africa.”.
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EXCLUSIVE - 'Turkiye-Africa diplomatic relations gained momentum after 2002'

Anadolu Agency 24 May 2022
Director General of the Turkish Foreign Ministry of West and Central Africa and Ambassador Nur Sagman emphasized Turkiye's multidimensional cooperation with African countries, saying ... How much of what we know about Africa is true? ... Unfortunately, the media portrays Turkiye as always lending a helping hand in relations with Africa.
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South African rand supported by S&P outlook upgrade

Reuters 23 May 2022
Register ... South Africa's central bank on Thursday increased its main lending rate by the largest margin in more than six years as it stepped up efforts to fight inflation, sending the rand higher. read more. On the Johannesburg stock market, the Top-40 (.JTOPI) index was up around 1.2% in early trade ... Register ... ....
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The dice is loaded against Africa: Ministers call for reform

Capital Ethiopia 22 May 2022
In Africa, they are “not fit for purpose,” said Vera Songwe, UN Under-Secretary General and Executive Secretary of UN Economic Commission for Africa ... “The on-lending of $100 billion in SDRs to Africa would be a cost-effective means of financing the continent’s recovery,” they said.
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Chinese loans and investment in infrastructure have been huge

Economist 20 May 2022
Whereas Western aid or World Bank lending is typically widely spread around, almost two-thirds of China’s loans to Africa were for infrastructure ... are more effective than others at managing these risks and rewards.”\nSince a peak in 2016 China has reduced lending to Africa.
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The Chinese-African relationship is important to both sides, but also unbalanced

Economist 20 May 2022
No other country comes near the depth and breadth of China’s engagement in Africa. It is Africa’s largest trading partner, bilateral creditor and a crucial source of infrastructure investment ... For a booming China, Africa mattered ... More than half China’s development projects were in Africa ... But since 2016 China’s lending to Africa has shrunk.

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