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 ...

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.

The overall number of retail loans grew by 441,000 this quarter to nearly 25 million retail accounts held by roughly 14 million individuals ...

If you took out a R1 million home loan in 2020, your premium is likely to have gone up by close to 40% in just four years.

Absa, FirstRand, Nedbank, and Standard Bank – are expected to suffer a loss of R53 billion due to non-performing loans, as their credit loss ratios are expected to rise in 2024. This is according to ...

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.

In 1994, apartheid ended and the African National Congress (ANC) won South Africa's first ever democratic elections, promising "Electricity for All" as part of its Reconstruction and Development ...

The South African national debt has become a political issue in recent years because guarantees on loans taken out by state-owned enterprises are not included in the debt figure and these obligations ...

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 ...

South Africa’s big banks are closing their lending taps due to a rise in nonperforming loans but are still willing to extend credit to certain sectors and wealthy individuals. Standard Bank South ...

Nigeria's economy has slipped to fourth place in Africa, behind South Africa, Egypt, and Algeria. This is according to a recent forecast by the ...

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