African Loans

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 …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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