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National Bank Of Malawi Launches Women Special Loan Scheme

National Bank Of Malawi Launches Women Special Loan Scheme

National Bank of Malawi Plc recently conducted a women’s training and interactive workshop aimed at grooming ladies doing entrepreneurship. Some of the participants. The training workshop was conducted at the Bingu International Conference Centre (BICC) in the Capital Lilongwe at BICC. The bank also disclosed that it will start offering special loans up to K5 […]

BRICS Bank to Boost South African Loans by as Much as $600 Million

BRICS Bank to Boost South African Loans by as Much as $600 Million

The New Development Bank plans to lend as much as $600 million more in South Africa this year in an effort to spread funding more evenly across its five member states. The lender, backed by Brazil, Russia, India, China and South Africa, started operations in 2015 to support infrastructure projects and sustainable development initiatives in […]

Zimbabwe Committed To Clearing Debt Obligations

Zimbabwe Committed To Clearing Debt Obligations

Zimbabwe is committed to clearing its debt obligations with the World Bank, African Development Bank and other financial institutions, Foreign Minister Sibusiso Moyo said on Monday. The country needs to clear about $1.8 billion in arrears with the World Bank and the African Development Bank before it can tap other sources of development financing. “We […]

Saudi Wealth Fund Is Said To Weigh Bank Loans For Investments

Saudi Wealth Fund Is Said To Weigh Bank Loans For Investments

Saudi Arabia’s sovereign wealth fund, which aims to become a $2 trillion investment giant, is considering borrowing from banks for the first time as it seeks investments in the kingdom and abroad, according to people familiar with the matter.  The Public Investment Fund, or PIF, has held talks with local and international banks and could raise about […]

Buhari Seeks National Assembly’s Approval For $6.4 Billion China, World Bank Loans

Buhari Seeks National Assembly’s Approval For $6.4 Billion China, World Bank Loans

President Muhammadu Buhari on Wednesday, again sought the approval of the National Assembly for the federal government to secure about $6.4 billion dollar loans from the World Bank and China to fund infrastructural objectives across the country and combat polio outbreak in the North-East. In a letter separately read by Senate President Bukola Saraki and […]

Tanzania: Women Vehicle Drivers to Get Loans

Tanzania: Women Vehicle Drivers to Get Loans

Women in the country are set to benefit from the project initiated by a Dar es Salaam based company to unlock business opportunities in the transport sector hence improve the livelihood of the group. Dubbed “Women on Wheels”, the project targets women and girls across the country who will undergo special training on commercial driving and […]

Mozambique: Bar Association Demands Transparency Over Debt

Mozambique: Bar Association Demands Transparency Over Debt

The Mozambican Bar Association (OAM) has added its voice to those demanding that the government release the full details of the country’s public debt, following the revelation that over a billion dollars worth of government guaranteed debt was not disclosed, either to the International Monetary Fund (IMF) or to the Mozambican taxpayers. A statement from […]