Latest News for: Africa lending

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Manufacturing businesses on recovery path as PMI improves

Business Day Online 10 May 2021
Read Also ... Africa ... Presently Nigeria has one of the highest lending rates in Sub Saharan Africa with 11.50 percent leaving deposit money banks to lend as high as 25 to 35 percent interest loans while other countries like Rwanda has 4.5 percent, South Africa and Cameroon has 3.5 percent and Namibia has 3.75 percent ... .
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‘Realising Nigeria’s informal economy’s potential hangs on credit access, reduced financial inclusion gender gap’

Business Day Online 08 May 2021
Excerpts.. The informal sector suffered huge losses as a result of COVID-19 ... Read Also ... The CBN introduced a policy mandating commercial banks to lend at least 65 percent of their deposits ... Finally, LAPO MfB’s commitment to agricultural lending is based on our belief and conviction that microfinance should be made relevant to agriculture in Africa. .
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Green loan to Absa to boost funding for renewable energy in SA

Independent online (SA) 07 May 2021
The loan was the first certified loan in Africa that complied with the Green Loan Principles, which meant that lending by Absa for green projects would be disclosed ... “Africa’s green transition requires considerable mobilisation of funds,” said Jason Quinn, Absa interim group chief executive.
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Apartheid Museum closes its doors as SA loses another cultural landmark to Covid-19

Independent online (SA) 07 May 2021
Like other cultural institutions, it had to shut down in March 2020 when South Africa imposed its first Covid-19 lockdown ... South Africa's R200-billion loan-guarantee scheme, aimed to encourage banks to lend more and on favourable terms to businesses affected by the coronavirus crisis, has not helped as much as was hoped.
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‘Realising Nigeria’s informal economy potential hangs on credit access, reduced financial inclusion gender gap’

Business Day Online 07 May 2021
Excerpts.. The informal sector suffered huge losses as a result of COVID-19 ... Read Also ... The CBN introduced a policy mandating commercial banks to lend at least 65 percent of their deposits ... Finally, LAPO MfB’s commitment to agricultural lending is based on our belief and conviction that microfinance should be made relevant to agriculture in Africa. .
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New report outlines shifting patterns of infrastructure funding in Africa

Business Ghana 06 May 2021
Shifting Patterns in Africa’s Infrastructure Funding -_ shows the state of the African infrastructure market, and how the major global players’ approach infrastructure lending on the continent is changing ... In 2019, bilateral and multilateral lending into Africa amounted to USD 55 billion, which drops to USD 31 billion in 2020.
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IFC and Absa Bank Partner on Africa’s First Certified Green Loan to Support Green Energy Projects

Business Ghana 06 May 2021
Africa's first certified green loan, announced today by IFC to Absa Bank Ltd., will increase funding for biomass and other renewable energy projects in South Africa, supporting the country's power sector and economic recovery from COVID-19 ... The loan is the first certified loan in Africa that complies with the Green Loan Principles.
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Absa enters new deal for green financing

Business Day 06 May 2021
World Bank subsidiary will provide $150m for use in lending based on ‘green loan’ principles.
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Mergers and Acquisitions in African Fintech

B & FT Online 05 May 2021
In Nigeria, the Central Bank is yet to approve payment-service licenses to MTN Nigeria and Airtel Africa after two years of them putting in their application which would allow them to provide most banking functions except lending and taking foreign-currency deposits ... https.//ventureburn.com/2020/06/fintech-mfs-africa-acquires-beyonic/.
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Wearable Medical Devices Market 2021 Introducing New Industry Dynamics Through SWOT Analysis with Leading Players ...

The Sentinel Newspaper 05 May 2021
Ltd ... Wearable Medical Devices Market provides market size and forecast estimates from year 2021 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The peer to peer lending market by each region is later sub-segmented by respective countries and segments ... ....
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Top of her trade

The Voice Botswana 04 May 2021
I started at BBS as a Branch Manager before moving on to StanChart, where I worked my way up from a Customer Services and Sales Manager to the Africa Head of Home Loans and Car Loans and Head of Retail Lending Botswana. I have also served as the Head of Home Loans and Retail Lending for FNBB.
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China’s loans to Sub-Saharan Africa projects rose a bit last year, report finds

South China Morning Post 30 Apr 2021
China’s lending to Sub-Saharan Africa energy and infrastructure projects rose slightly in 2020, ...
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SA’s banking sector is making some strides despite tough conditions

Independent online (SA) 30 Apr 2021
DURBAN - WHILE 65 percent of all middle managers in banking were black, surpassing the number of white middle managers for the first time in 2019, according to the 2020 Transformation in Banking Report, more needed to be done to reflect the demographics of the country, Banking Association South Africa (Basa) said yesterday.
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MTN, Airtel, others yet to meet PSB licence requirement – CBN

Business Day Online 30 Apr 2021
While the CBN gave an official node in October 2018 to non-financial companies, including telcos to apply for a mobile banking licence to increase access to banking services, the apex bank is yet to approve the license to some of the biggest players – MTN Nigeria and Airtel Africa.
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When did Ghana’s debt-to-GDP ratio become main indicator of economic devt? – Domfe asks Jonah

Ghana Web 30 Apr 2021
Dr ... Speaking to Oman FM’s morning show, Dr ... Again, cost of credit in Ghana was the second highest in Africa in 2016 when policy rate was 25.5% with an accompanying average lending rate of 32%. Today, policy rate has significantly dropped to 14.5% dragging along with it, the average lending rate to 21%,” he explained ... Dr ... Join our Newsletter. .
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