African Loans

I&M Bank completes acquisition of Ugandan lender

[ad_1] 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 …

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Amiens boss Tanchot confirms Zungu’s return after Rangers loan

[ad_1] 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. …

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

[ad_1] 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 …

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Kenya Power seeks lender to fill cash gap

[ad_1] 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 …

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

[ad_1] 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 …

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

[ad_1] 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 …

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

[ad_1] 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 …

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

[ad_1] 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 …

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The sordid subject of student loans

[ad_1] 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 …

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

[ad_1] 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 …

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The reader is not alone in combating the sins of racism

[ad_1] 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 …

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

[ad_1] 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 …

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

[ad_1] 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 …

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Tunisia requests $ 4 billion loan from IMF, PM says

[ad_1] 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 …

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France summit to discuss how to boost economic recovery in Africa, minister said

[ad_1] French Economy and Finance Minister Bruno Le Maire attends a press conference for the launch of the Income Tax 2020 campaign at the Bercy Ministry of Finance in Paris, France, April 8, 2021 . REUTERS / Sarah Meyssonnier / File Photo A May 18 summit in France will discuss …

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