African Loans

IFC and development groups help finance vaccine production in Africa

FILE PHOTO: A woman holds a small bottle labeled with a “COVID-19 Coronavirus Vaccine” sticker and medical syringe in this illustration taken October 30, 2020. REUTERS / Dado Ruvic / File Photo (Reuters) – Global development groups including International Finance Corp (IFC) have said they will consider helping African producers …

Read More »

Tobacco pays off in Zimbabwe, but growers talk about debt

Zimbabwean farmers are growing tobacco again. But some say it’s the lenders who profit from farmers’ debt. Rosemary Dzodza is a small farmer who recently traveled 200 kilometers to the capital, Harare. She brought her tobacco crop for what she hoped would be a profitable day. But the 60-year-old farmer …

Read More »

YABX among the world’s best startups nominated for the GSMA GLOMO 4YFN Impact Awards

NEW DELHI, May 27, 2021 / PRNewswire / – Yabx, a digital lending fintech company, today announced that it is the only Indian startup to be shortlisted by the GSMA for the 2021 GLOMO 4YFN (4 Years From Now) Impact Awards. The 4YFN Impact Awards are the GLOMOs category aimed …

Read More »

African stars transfer news and rumors: Konate passes Liverpool medical check

Goal brings you all the latest news, rumors and offers related to African stars around the world Konate passes Liverpool medical check Ibrahima Konate will complete his move to Liverpool in the coming weeks and has already passed his medical with the Premier League club according to the Mirror. Goal …

Read More »

IntoCare Medical Raises Up to RMB100 Million in Round D Funding, Doubling the Motorized Stapling Market

Founded in 2015, IntoCare is a high-tech company focused on manufacturing and marketing innovative surgical instruments. The company is committed to becoming one of the most innovative and dynamic surgical instrument companies in the China. Thanks to its precise and in-depth knowledge of clinical demands, IntoCare has constantly innovated in …

Read More »

Easy registration to close the financing gap for African SMEs Sh33trn

Chroniclers Easy registration to close the financing gap for African SMEs Sh33trn Wednesday, May 26, 2021 Nairobi Stock Exchange dealing room. PHOTO | NMG By RUFUS MWANYASIMore from this author summary It is undeniable that SMEs play a vital role in the growth of an economy both as a creator …

Read More »

Africa’s infrastructure paradox can be alleviated with innovative finance | New times

108 billion dollars. This number, too large to be apprehended, represents Africa’s annual infrastructure financing gap, and as revealed by a study conducted by the African Center for Economic Transformation (ACET) and Omdena, a data, it could grow to 1.7 (!) Trillion dollars over the next 20 years. years. According …

Read More »

Black US borrowers get over $ 14 billion in PPP loans, while others miss funding because funding unexpectedly ends

This year, black and African American borrowers obtained more than $ 14 billion in paycheck protection program loans. In this category, 714,501 loans worth about $ 14.1 billion have been approved as of May 16, according to data from the US Small Business Administration. Asian borrowers took in 148,406 loans …

Read More »

African All Stars Transfer News & Rumors: Belhanda is about to return to Montpellier

Goal brings you all the latest news, rumors and offers related to African stars around the world Younes Belhanda should return to Montpellier Belhanda will return to Ligue 1 Montpellier this summer as a free agent, according to L’Equipe. The Morocco international has been without a club since leaving Turkish …

Read More »

Q&A: Reflecting on Five Years of Raising Children in Crises, Emergencies and Displacement by Alison Kentish – Global

UNITED NATIONS, May 22, 2021 (IPS) – Education Cannot Wait (ECW), the global fund that brings teaching and learning to children in emergencies and protracted crises, observes five years of reaching boys and girls in some of the conflict zones and hardest hit disasters in the world. The initiative, launched …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 – …

Read More »

AFD and Eskom commit to a competitive electricity sector

Featured Image: 123rf.com The French Development Agency (AFD) and Eskom today [Monday, 3 May] signed a memorandum of understanding to further affirm their commitment to the promotion and development of a competitive electricity sector. Over the past 14 years, AFD has committed 5.9 billion rand (340 million euros) in loans …

Read More »

I&M Bank completes acquisition of Ugandan lender

By JAMES ANYANZWA I&M Holdings Plc. finalized the acquisition of 90% of the shares of Ugandan private lender Orient Bank Ltd (OBL) as part of its regional expansion plan. In a statement released on Monday, I&M said the acquisition was completed on April 30, 2021 after the transaction received the …

Read More »

Amiens boss Tanchot confirms Zungu’s return after Rangers loan

The South African star has struggled to impress in Steven Gerrard’s squad this quarter and he is currently serving a ban for violating Covid-19 protocols Amiens manager Oswald Tanchot has confirmed that Bongani Zungu will return to Ligue 2 for next season after his loan deal with Rangers expires. The …

Read More »

South Africa has one of the highest business failure rates in the world: analysts

South Africa has one of the highest failure rates for SMEs, with five out of seven companies going bankrupt in the first year, according to specialist advisory service Cova Advisory. During a webinar held at the end of April, the group highlighted the crucial importance of SMEs in job creation, …

Read More »

Kenya Power seeks lender to fill cash gap

Kenyan distribution company Kenya Power is facing serious debt problems which have led the company to seek a lender to fill its cash shortfall. In 1973, the government of Kenya signed an agreement with the then East African Power and Lighting Company to connect electricity to rural areas. Under this …

Read More »

Global Islamic finance set to grow as major markets recover – S&P

DUBAI (Reuters) – Global $ 2.2 trillion Islamic finance industry set to grow 10-12% between 2021 and 2022 amid rising Islamic bond issuance and modest economic recovery in major Islamic financial markets, said S&P Global Ratings. FILE PHOTO: The Levent business and financial district, made up of the headquarters of …

Read More »

South Africa’s middle class is strapped for cash – here’s how many will struggle to survive a financial emergency

The national lockdown revealed that very few South Africans had emergency savings on hand, which is why many struggled to make ends meet when the pandemic struck and had to settle for a drop or a total loss of income for a few months. Raj Makanjee, chief executive of FNB …

Read More »

SeerBit provides innovative technological solutions to close payment gaps in Africa – CEO

Captain Musa Nuhu is the Director General of the Nigerian Civil Aviation Authority (NCAA). In this interview, he described the attractiveness of the Nigerian aviation sector to investors, how the sector can tackle the scarcity of forex and updates on Azman Airline’s operations. Excerpts: Unlike in other climates, more airlines …

Read More »

US Senator Warnock works to address decades of USDA discrimination against black farmers

A farmer plants corn in a barley cover crop. Photo courtesy of the US Natural Resources Conservation Service. WASHINGTON – The arrival of US Senator Raphael Warnock in Congress earlier this year coincided with a belated recognition of the historic discrimination inflicted on black farmers by the US Department of …

Read More »

The sordid subject of student loans

On the money. Budding stock investor Jarryd Neves, of BizNews, sends out an invitation to anyone who wants to ask questions about investing in stocks – but are too embarrassed to ask. Write to [email protected] And listen to his regular Monday column: On the Money It’s no secret that South …

Read More »

Africa needs electricity more than ever, especially to keep COVID-19 vaccines cold

People stand next to solar panels at the Zaktubi solar power plant, near Ouagadougou, on … [+] November 29, 2017, the day of its inauguration. / AFP PHOTO / POOL / ludovic MARIN (Photo credit should read LUDOVIC MARIN / AFP via Getty Images) AFP via Getty Images Solar energy …

Read More »

The reader is not alone in combating the sins of racism

Jessica a johnson My president and all black leaders in America tell me that all white people are guilty of systemic racism! Even if they don’t know what this term means! And it begins at birth, just like original sin. No way out. So, as long as black people believe …

Read More »

African countries pledge to double agricultural productivity as development banks and partners pledge over $ 17 billion to increase food security – World

A coalition of multilateral development banks and development partners has pledged more than $ 17 billion in funding to tackle growing hunger on the African continent and improve food security. These funds were pledged on the last day of a two-day high-level dialogue called Feed Africa: leadership to scale up …

Read More »

WISE & SUNDARAM – Another False Start: Green Revolution Myths Bought By Africa

Download PDFPrint the article I never imagined that opposing an International Monetary Fund (IMF) loan to Kenya would be viewed by the Kenyan authorities as a criminal act. But that’s exactly what happened last week when activist Mutemi Kiama was arrested and charged with “abusing digital gadgets”, “harming the presidency”, …

Read More »

Tunisia requests $ 4 billion loan from IMF, PM says

Tunisia will seek a $ 4 billion loan program from the International Monetary Fund in talks starting next week, Prime Minister Hichem Mechichi told Reuters on Friday, saying politicians faced a “last chance” to save the economy. Mechichi said he expected the talks to last around two months and that …

Read More »