African Loans

U.S.-Chinese tech struggle opens new front in Ethiopia

A US-backed consortium defeated a China-funded consortium in a closely watched telecommunications auction in Ethiopia, giving Washington a victory in its attempt to challenge Beijing’s economic influence in the world. The East African country said on Saturday it had hired a group of telecommunications companies led by Britain’s Vodafone Group …

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The Republic of the Congo is a global ‘black debt’ pioneer

An expert’s point of view on a current event. May 21, 2021 at 3:13 PM Governments that are both cash strapped and already in debt have always had the best of luck. What should a country do when it is rejected by regular sources of credit, but its spending continues …

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Team Europe launches new funding platform to support health security and resilience in Africa – World

Sustainable Health Industry for Resilience in Africa (SHIRA) to strengthen health security and resilience across Africa and address weaknesses highlighted by COVID-19 European Investment Bank and European development finance institutions mobilize private sector finance to improve health security and resilience SHIRA Supports Wider Team Europe Initiative to Strengthen Manufacture and …

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New directory focuses on black businesses in the region

While today’s wealth inequality may be linked to the Jim Crow era, supporting black-owned businesses can shake the needle. Small business owners create wealth for their families and strengthen local economies. Forty-eight percent of purchases made from small businesses flow through the local community, compared to 14% of purchases made …

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Sudanese turn to solar power amid electricity shortages

Sudanese farmer Mohammed Mahgoub was spending more than $ 12 a day on gasoline to run his farm in Nile state, braving long lines at gas stations to power his irrigation pumps. But a solar power unit he built a year ago to power his farm has helped him save …

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Navigate the minefields by offering a customer on credit the “lowest rate” | Hudson Cook, LLP

Every day, donors offer financing to clients. Sometimes they encourage a customer to apply for credit from the dealership by saying they can give the customer the best financing deal. One such claim led a Ford dealership to court by a customer, who alleged misrepresentation and racial discrimination under Ohio …

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This fintech solution helps African refugees store and send money

Mobile money is a digital wallet technology that allows money to be stored on standard, non-smart cell phones. It’s extremely popular in East Africa, but as plans and services vary from country to country, there may be issues accessing cash when crossing borders. These problems can be particularly difficult for …

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France sells 30 Rafale fighter jets to Egypt in $ 4.5 billion deal

Egypt’s defense ministry said the sale would be funded by a loan to be repaid over at least 10 years. In this archive photo from February 21, 2020, French Navy Rafale fighter jets are seen aboard the Charles de Gaulle aircraft carrier. (Reuters) Egypt has signed a contract with France …

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Mabel O. Wilson reflects on 30 years of breaking borders

On April 5, 2021, Mabel O. Wilson (GSAPP’91), professor at the Graduate School of Architecture, Planning, and Preservation and director of the Institute for Research in African American Studies, gave a talk on the beginnings of her practice . Covering architectural projects, publications, installations, performances and exhibitions, Wilson explained how …

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Women are a mainstay of fisheries in West Africa. But they get a raw deal

Across West Africa, the artisanal fishing sector is a crucial source of livelihoods and food security. For example, in Nigeria, artisanal fishing accounts for 80% of the fish consumed and supports the livelihoods of around 24 million people. Both men and women work in the sector, although the workforce – …

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