Latest News for: Africa lending


China’s Arctic projects, harm to India and the Russia factor

Indian Express 13 Jul 2024
As seen with its aggressive lending in Africa which has had disastrous consequences, Russia’s financial straits have led to its expanded alliance with China after being cornered due to its war in Ukraine.

Run on numbers: Numbers don’t lie – what fate awaits us?

Independent online (SA) 11 Jul 2024
A credit agreement is considered reckless under the National Credit Act (NCA) in South Africa if the lender fails to check affordability before granting a loan or lends it to someone who cannot afford it.

Prime minister: Ethiopia hoping for $10.5 billion financial aid in coming years

Voa News 05 Jul 2024
Addis AbabaEthiopian Prime Minister Abiy Ahmed said on Thursday he was expecting about $10.5 billion in financial aid in the coming years once the country wraps up negotiations with international lending institutions.

Will India's Virat Kohli end his slump in this Twenty20 World Cup final?

Gulf News 28 Jun 2024
They meet South Africa in Barbados on Saturday (6.30pm UAE) ... Kohli could be the big threat for South Africa in the final ... 3 spot against South Africa, who have a strong bowling attack ... South Africa.

Will Virat Kohli end his slump in this Twenty20 World Cup final?

Gulf News 28 Jun 2024
Despite the top run-scorer of the previous two World Cups not being among the runs, the Men In Blue have remained unbeaten to reach the final against South Africa, to be played in Barbados on Saturday (6.30pm UAE).

Understanding interest rates as a homeowner and long-term saver

Independent online (SA) 26 Jun 2024
Angela Glover, Head of Product at FNB Home and Structured Lending says, “Most home loans in South Africa are on variable rates, as this is the standard option that is preferred by home buyers.

Afreximbank takes Factoring and Receivables Finance discussion to its Annual Meetings in Nassau, The Bahamas

Capital Ethiopia 21 Jun 2024
This Roundtable brought together industry leaders, experts and stakeholders from Africa, the ... The event featured an illuminating panel discussion moderated by Wole Famurewa, CNBC Africa Anchor.

Africa must grow at double-digit for 10 to 20 years before millions are taken out ...

Ghana Business News 18 Jun 2024
But Sakur interprets de-risking lending to Africa as looking for special treatment from the International Monetary Fund (IMF) and World Bank ... When you say we need to de-risk some of the lending to ...

Africa will be the pivotal continent in the world, given its economic prospects — AfDB ...

B & FT Online 13 Jun 2024
Financing is key to unlocking Africa’s development opportunities ...The African Development Bank’s flagship initiative, Affirmative Finance Action for Women in Africa (AFAWA), is de-risking financial institutions to lend to women.

Biden, G7 leaders focus on Ukraine, Gaza, global infrastructure, Africa

Voa News 13 Jun 2024
Biden is also lending his support to key themes in Meloni’s presidency – investing in Africa, international development, and climate change ... Africa, climate change and development ... in Africa.

“Africa will be the pivotal continent in the world, given its economic prospects”—African Development Bank ...

Capital Ethiopia 11 Jun 2024
Africa can no longer be ignored.” ... “Africa can no longer be ignored ...The African Development Bank’s flagship initiative, Affirmative Finance Action for Women in Africa (AFAWA), is de-risking financial institutions to lend to women.

Russia says it's working with a group of countries to build a platform that doesn't ...

Business Insider 11 Jun 2024
... Johannesburg last year where the group — which includes the key members of Brazil, Russia, India, China, and South Africa — called for more trade and lending in their national currencies.

FEATURE: collateral-free lending; a gateway to enterprise growth

B & FT Online 10 Jun 2024
In response to these challenges outlined above, the Absa Young Africa Works project, with the support of Mastercard Foundation has taken a bold step in addressing the collateral requirement by scaling collateral-free lending.

African Rainbow Capital’s investment in TymeBank on track for profit

Independent online (SA) 10 Jun 2024
They said TymeBank was expanding its SME lending proposition through its merchant cash advance product, becoming one of a growing number of financial institutions in South Africa now specifically ...

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