African Loans

Seychelles: African Development Bank approves $ 20 million loan to support Covid-19 recovery – Seychelles

The Board of Directors of the African Development Bank Group approved a flexible loan of $ 20 million to finance the Seychelles Governance and Economic Reform Support Program, which is expected to contribute to the macroeconomic stability of the island nation and recovery after Covid-19 in the medium term. The …

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UAP gets more time to settle Sh8bn Old Mutual, Stanbic loan

Companies UAP gets more time to settle Sh8bn Old Mutual, Stanbic loan Wednesday, July 21, 2021 UAP Insurance Building in Nairobi. PHOTO FILE | NMG By VICTOR JUMAMore from this author summary Insurance group UAP Holdings has restructured 8 billion shillings in loans from its parent company Old Mutual Holdings …

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coalition including Google, GivePower and Silfab Solar brings solar power to one of Africa’s oldest national parks and an important school of peace in the Democratic Republic of Congo | Texas News

AUSTIN, Texas, July 20, 2021 / PRNewswire / – GivePower Foundation, a non-profit organization committed to extending the environmental and social benefits of clean and renewable energy around the world, has completed three solar projects in the Democratic Republic of Congo (DRC) in partnership with Nuru, a Congolese renewable energy …

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Campaign aims to free black women from the burden of student debt

Click to enlarge COLUMBUS, Ohio – Black women have more student loan debt than any other group, and a national petition has been launched to write off $ 50,000 in student debt for each borrower. Supporters say it would help build a better future for black women. More than 28,000 …

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Two Nigerians become partners in an American law firm

David-Chyddy Eleke An international law firm, McDermott Will & Emery, which is said to be the largest law firm in the United States of America (United States), announced the addition of two Nigerian lawyers, Emeka Charles Chinwuba and Nexus Uzoma Sea as partners of the firm. While Chinwuba will work …

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Eurobond yields rise on Covid, political nervousness

By JAMES ANYANZWA Kenya Eurobonds traded on the Irish and UK stock markets face moderate demand amid concerns over the Covid-19 pandemic and uncertainties surrounding the outcome of cases to block the Building Bridges bill Initiative (BBI) which aims to expand the size of government through Popular Vote. Kenya has …

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Nigeria seeks $ 1 billion for key gas pipeline pending Chinese loans

The headquarters of the Nigerian National Petroleum Corporation (NNPC) are in Abuja, Nigeria on July 28, 2017. REUTERS / Afolabi Sotunde Chinese infrastructure loans across Africa have plummeted NNPC says it is still seeking funds from Chinese lenders Chinese lenders feel too exposed in Nigeria, source says LAGOS, July 16 …

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Why patience is a virtue in the race to reach net zero

Infrastructure projects in emerging and frontier markets are seldom financially viable on their own due to financial, technical and regulatory barriers. “Patient capital” provides the time and space to start high quality infrastructure projects. Targeted investments of public funds can catalyze private sector investments in infrastructure projects that contribute to …

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West Africa: factoring offers an alternative to financing for SMEs – Central Bank of West African States

Factoring, which is a financial management technique allowing a company to liquidate its receivables and recover liquidity, can be an alternative and complementary solution to financing, in particular for SMEs and SMIs the Governor of the Central Bank of the States of West Africa (Bceao), Tiémoko Meyliet Koné declared during …

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Elan joins AACUC to boost diversity

Credit card issuer Elan is now the newest member of the African American Credit Union Coalition (AACUC), a nonprofit organization of African American professionals working on credit diversification, Elan said in a statement. release emailed to PYMNTS. The partnership will mean more resources for AACUC, to help continue its mission …

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