African Loans

The AfDB contributes to the sustainability and security of the drinking water supply in Morocco with financing of € 18 million

The National Office for Electricity and Drinking Water (ONEE) of Morocco and the African Development Bank (AfDB) signed an additional financing agreement of 18 million euros to ensure the sustainability and security of the supply of drinking water in several regions of the Kingdom. This additional financial assistance will contribute, …

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LivingTrust named African Mortgage Bank of the Year – Nairametrics

Fast growing mortgage lender LivingTrust Mortgage Bank Plc capped a hugely successful year with the coveted African Mortgage Bank of the Year award. The Bank was announced as the winner of the 2021 Africa Housing Awards, held in Abuja on Friday. The event, widely recognized as the most credible and …

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Caption Samuel Eto’o elected president of Cameroon FA

Eto’o has made four World Cups but couldn’t help Cameroon out of the group stage Former international Samuel Eto’o will lead Cameroonian football for the next four years after being elected head of the country’s FA on Saturday. The four-time African footballer of the year defeated his rival Seidou Mbombo …

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SD must remove barriers to create equitable housing

SAN DIEGO (KGTV) – A report on loans in San Diego County indicates that financial discrimination based on race is rampant in most communities in San Diego. The report from the San Diego branch of the NAACP says they found lending models for mortgages and small business loans compatible with …

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UK “embarrassed” to fund Mozambique gas project, court says | Mozambique

The UK was “embarrassed” to fund a huge gas project in Mozambique while considering ending foreign support for fossil fuels, a court said. During a three-day High Court hearing, Friends of the Earth highlighted government documents suggesting there would be “obvious repercussions” if the government did not follow through on …

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India has a key role to play in Africa’s battle against Covid: The Tribune India

Gurjit Singh Former Ambassador to the African Union The emergence of the Omicron variant of Covid-19 in South Africa has placed the cat among the pigeons. There’s a lot of fly culling going on, trying to nip it in the bud. The use of mixed messages creates a dichotomy that …

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The right wishing to bring the nation back to its discriminatory past

Sunday 5 December 2021 | 2 a.m A political science professor stands in front of a crowd and calls for women to be kept away from engineering schools, medical schools and the legal profession so that they can instead focus on “female goals” such as “cleaning up and having children”. …

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Digital lending is the next horizon for African banks, says Skaleet CEO

Sponsored by: Skaleet December 3, 2021 • • The recent growth of financial entities such as fintechs, telecoms and neobanks has put enormous pressure on Africa’s traditional banking system, pushing physical lenders to develop new strategies to face the competition. Although telecoms and banks cooperate in many areas, the rise …

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China’s short-term money rates jump on tighter month-end cash conditions

SHANGHAI, Nov. 30 (Reuters) – China’s short-term money market rates soared on Tuesday amid tightening liquidity in money markets as financial institutions scramble for liquidity to meet month-end administrative requirements. The volume-weighted average of seven-day repos traded on the interbank market rose more than 12 basis points to 2.3732%, the …

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Biden’s blunder could push oil prices up to $ 100

When President Biden announcement earlier this week that the federal government would release 50 million barrels of crude from the strategic oil reserve, perhaps those around it expected prices to drop significantly and stay low. Instead, prices rose and OPEC + hinted that it might reduce supply. Oil prices fell …

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