African Loans

Navigate the opportunities and risks of the European Green Deal for Africa

On July 14, 2021, the European Commission adopted a set of proposals that constitute the European Green Deal (EGD). EGD is a set of policy initiatives that define the EU’s climate strategy and aim to make Europe a pioneer in international climate policy. Its main objective is to reduce the …

Read More »

Afreximbank loan approvals in Nigeria amount to 5.5 billion naira – Nairametrics

Afreximbank’s total loan approvals in Nigeria have now reached 5.5 billion naira, representing 26.8% of its African portfolio. This was revealed by Dr George Elombi, executive vice president of corporate governance and legal services at Afreximbank, during the official high-level tour of the Intra-African Trade Fair 2021 in Lagos on …

Read More »

Loan approvals, applications abandoned in the last three months

By MARTIN LUTHER OKETCH Loan applications fell in the quarter ended in August, according to data from the Bank of Uganda. The fall, the central bank said, is the result of the slow economic recovery, with banks remaining cautious about what and to whom they lend. During the period ending …

Read More »

EA states embroiled in lender debt relief fiasco

By JAMES ANYANZWA East African countries face increased pressure to service their loans after the world’s richest countries executed a botched debt relief plan that pushed more than half of poorest countries in the world in external debt distress. The Debt Service Suspension Initiative (DSSI) of the 20 richest economies …

Read More »

HEALTH: Covid ‐ 19 – 2021 – Africa Research Bulletin: Political, Social and Cultural Series

Africa faces massive vaccine shortage that threatens to turn some regions into breeding grounds for vaccine-resistant variants. Africa needs around 470 million doses to reach the goal of fully immunizing 40% of its population by the end of 2021, according to the World Health Organization (WHO) said on September 16. …

Read More »

Grit Real Estate in Kenya financing agreement with International Finance Corporation

LONDON-listed Grit Real Estate Income Group, which owns around 60% of its shareholders in South Africa, said yesterday it had issued a bond to raise up to $ 31.5 million ($ 472.3 million rands) to acquire, expand and redevelop the Orbit Africa warehouse. and a manufacturing facility in Nairobi, Kenya, …

Read More »

Zim Startups, discover this pan-African innovation challenge

Beer Garage is one of the global innovation centers managed by AB InBev with the aim of driving innovation by creating a strong community of ecosystem players. The team works with business units to find new solutions to their business problems by leveraging the dynamic ecosystems of Fintech, Africa and …

Read More »

Experts discuss food security in Africa, Asia and Latin America

Experts revealed their perceptions of the food safety situation in Africa, Asia and Latin America at a recent online event. Regional experts shared their views on safe food and the realities on the ground taking into account policy, funding, scalability, inclusiveness, and gaps in capacity and infrastructure. Panelists spoke about …

Read More »

Google to Offer KES 1 Billion in Low Interest Loans to Kenya, Ghana, Nigeria and South Africa

Search and advertising firm Google has announced plans to invest $ 1 billion over 5 years to support Africa’s digital transformation. According to the company, the investment aims to provide fast and affordable Internet access to more Africans; create useful products; support entrepreneurship and small businesses; and helping non-profit organizations …

Read More »

South Africa should not rush to ditch coal, minister says

JOHANNESBURG, Oct. 7 (Reuters) – South Africa must systematically manage its transition from power generation to coal and not rush the switch to renewable energy sources, the Minister of Mines and Mining said on Thursday. Energy, Gwede Mantashe. “I’m not saying coal forever,… I’m saying let’s manage our transition step …

Read More »