Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank ...

The interest rate on personal loans is the annual borrowing cost on a particular loan scheme that banks/NBFCs charge from their borrowers. The interest rate is usually expressed as a percentage of the ...

A combination of rising interest rates, surging inflation, and the devaluation of the naira led to a 260.9 percent surge in the ...

Last year, tier-one South African banks such as Stanbic and Absa Kenya, which had stayed away from CBK loans in the previous year, contracted fresh emergency loans amounting to Sh13 billion each.

To apply for this home loan or learn more about it, click the green button and follow the steps to connect with Bendigo Bank and start an application. With an online application for the Express ...

include its digital opening at only 1,000/- and the instant connection to the unsecured Mshiko Fasta digital loans service. According to Praygod Mphuru, NMB Clock Tower Branch Manager, the bank is one ...

How Banks and HFCs Calculate Home Loan Interest? Banks and HFCs use monthly reducing balance method to calculate interest rates on home loan. In this method of calculation, the interest is calculated ...

South Africa’s four major banks are projected to lose around R53 billion due to non-performing loans. This is due to the fact that their credit loss ratios are expected to rise in 2024.

China has written off an unspecified amount of Zimbabwe’s interest-free loans and pledged to help the Southern African country find a way out of its debt crisis, even as activists warned of a permanen ...

Cassidy Horton is a finance writer with over five years of experience. She holds an MBA and a bachelor’s in public relations from Georgia Southern University and has worked with top finance ...

South Africa’s big banks see a chance to put together deals with the government and businesses – but not everyone will easily find access to finance.

Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick ...