African Loans

Ghana’s $ 2.6 billion Skytrain project is not happening after all – Quartz Africa

On the opening day of the Africa Investment Forum in Johannesburg in 2019, Ghana signed an agreement with a South African company for a train project that would be built above ground. The rail lines were to be 194 km long and carry nearly 400,000 passengers per year in Greater …

Read More »

Pandora Papers reports from across Africa

Journalists across Africa have published stories based on a treasure trove of nearly 12 million secret documents exposing an obscure offshore financial system that allows the rich and powerful to get richer, often at the expense of the public. These documents, which come from a group of 14 offshore service …

Read More »

Short-term loans, others push bank assets to 58.51 billion naira

Posted 22 November 2021 Massive investments in short-term financing and other prudent measures increased the assets of 10 key commercial banks from N 8.09 billion (an increase of 16.06 percent) to N 58.51 billion in a year, reports revealed. Specifically, the combined assets of the 10 selected lenders increased from …

Read More »

Fight against food insecurity and strengthen the resilience of food systems in West Africa – Burkina Faso

World Bank approves $ 570 million multi-phased programmatic approach to improve food system resilience, promote intraregional value chains and strengthen regional agricultural risk management capacities WASHINGTON, November 18, 2021 —Some four million people across West Africa are expected to benefit from a new regional phased program that will complement and …

Read More »

Secretary of State Antony Blinken makes maiden trip to Africa amid growing crises in Ethiopia and Sudan

US Secretary of State Antony Blinken is running headfirst in a number of fires as he makes his maiden trip to Africa as America’s top diplomat. Almost 10 months into his tenure, Blinken will bring US President Joe Biden’s “America’s back” mantra to the world’s youngest continent. But for years, …

Read More »

Online alternatives for payday loans are becoming more and more available

Millions of Americans refer to online payday loans without instant approval credit check outside the standard banking mechanism. As of March 2021, the average amount of money borrowed by US lenders is $ 730. Being involved in difficult situations, Americans face interest rates as high as 266%. Today, nearly 20 …

Read More »

Raheem Sterling, Edinson Cavani, Timo Werner on Barcelona shortlist

The summer transfer window was unlike any other; check out all the major offers and find out how we ranked the biggest signings. And just because the window is closed until January doesn’t mean the rumors won’t continue. Here are the latest gossip and speculation. TOP STORY: Barça follow Premier …

Read More »

How climate damage could shatter the Glasgow talks

GLASGOW, Scotland – Climate talks have turned from global declarations to technical skirmishes as negotiators work behind the scenes to address the dangers facing millions of people due to the current rise in temperatures. Ministers from nearly 200 countries are trying to reach agreement on issues that were too controversial …

Read More »

Africa’s $ 100 billion pledged to mitigate climate change may not be achieved – Ministry of Finance

It appears that the $ 100 billion pledged annually to African countries by developed countries to mitigate the negative impact of climate change may not be honored. Although African countries contribute less than 3% of global emissions, the continent bears the brunt of it. The G-20 is responsible for 80% …

Read More »

Nigerian bank says non-performing loans to entrepreneurs almost 100%

The Bank of Industry said entrepreneurs across the country were not used to repaying loans, saying its portfolio of non-performing loans to entrepreneurs was between 80 and 100 percent. The chief executive of the bank, Olukayode Pitan, revealed it recently during the first edition of the community engagement development workshop …

Read More »