African Loans

How Emerging Economies Can Overcome Private Sector Risk Perception

The perception of risk associated with investing in emerging markets remains one of the limiting opportunities for a sustainable post-COVID economic recovery. Adopting a more holistic approach to risk mitigation is necessary to improve a country’s attractiveness and business environment and private capital projects. Risk mitigation should be understood as …

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Buhari regime defends Nigeria’s growing foreign lending, lists bogus projects

The presidency has backed the growing external loans that Nigeria is reeling under, saying the loans are meant to finance projects and programs that benefit Nigerians. In a statement released on Saturday, presidential spokesman Garba Shehu listed a few bogus projects and programs the loans would be spent on. The …

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Updates on vaccines, energy and climate change

New South African technology transfer center to replicate Moderna vaccine A technology transfer center in South Africa established in June aims to replicate, with Moderna’s help, the Moderna COVID-19 vaccine, according to a senior official at the World Health Organization. Moderna said in October 2020 that it will not apply …

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Sub-Saharan Africa needs $ 425 billion in financing by 2030 – Adesina

Posted September 18, 2021 African Development Bank President Dr Akinwumi Adesina said Africa needs $ 425 billion in additional gross financing by 2030. He said this in a statement announcing that the Africa Investment Forum was to host its 2021 market days in Abidjan, Côte d’Ivoire. Adesina said, “We look …

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Angolan oil giant Sonangol lost $ 4 billion in pandemic last year

Cars are seen outside the headquarters of Angolan national oil company Sonangol in the capital Luanda, Angola. June 7, 2016. REUTERS / Ed Cropley / File Photo Sonangol 2020 results show loss of $ 4.1 billion Total liabilities stood at $ 26.8 billion The oil giant took out two new …

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The IMF is increasingly picky about its financing

Sep 18, 2021 MALL AFRICANS still hold a grudge against the IMF which dates back to the 1990s when he first became known for the bitter drug he administered. Before any bailout, the fund would insist that countries agree to painful structural adjustment programs that included cutting public spending and …

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Why African governments are accepting Afghan refugees

In the final days of the US withdrawal from Afghanistan, a handful of African governments have raised their hands to welcome Afghan refugees. Rwanda, Uganda, Sudan and the self-proclaimed independent state of Somaliland have offered to host hundreds to thousands of refugees in their countries. These African governments — unlike …

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Exclusive-Nigeria dangote in talks with traders for oil refinery loan

LAGOS / LONDON (Reuters) – Africa’s richest man Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside the center Nigerian commercial from Lagos, sources familiar with the matter said. FILE PHOTO: View of the Dangote Oil Refinery under …

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Autochek acquires online car platforms from ROAM Africa

by Bennett Oghifo Autochek, an automotive technology company facilitating auto finance in Africa and ROAM Africa (Ringier One Africa Media) have reached an agreement for Autochek to acquire the Cheki Kenya and Cheki Uganda automotive markets, as Autochek expands further in the market African. The deal will be finalized in …

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The failure of instant cash lending startups during the pandemic

Digital lending startups have faced the crisis as borrowers fail to follow the coercive collection tactics of some app-based lenders. Industry representatives said most of these entities lack regulation. At the same time, they admit that some course changes may also be necessary for startups themselves. Digital lending startups are …

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