Opinion: How to stop Africa's new rising debt from turning into a tragedy

There's a growing recognition that lending plays an important role in plugging the massive gap in financing Africa's development. The Billions to Trillions narrative has encouraged both national governments and international financial institutions to look to debt markets and historically low interest rates
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Musk, who is already the biggest Tesla shareholder, has a net worth estimated at $21.5 billion, according to the Bloomberg Billionaires Index. The new pay plan would add as much as $55.8 billion to that total. The company said that figure was theoretical, given the likelihood of additional employee stock
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Payday lending can be a useful service. A two-week loan of $500 at 400 percent annualized interest can make sense if, say, you need to fix your truck to get to work. Unfortunately, the industry has long made much of its money by trapping customers in a series of consecutive loans that can end up
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Housing market predictions. Published: 06:04 … A RESIDENTIAL property expert has said that the next 12 months will be positive yet challenging for the sector. Managing … Allison said: 'Last year actually saw growth in house prices across the country and a renewed sense of positivity. We expect this to
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(BEDFORD) – German American Bank was recently recognized by the Indiana Statewide Certified Development Corporation (CDC) as one of their top two 2017 Small Business Administration (SBA) 504 lenders in Indiana. Dan Collignon, a Regional Executive Vice President and Commercial Credit
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Learn more about applying for Head of Portfolio Lending at CITI.
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Unfortunately for Cui, Australian Federal Police (AFP) officer Darren Burtenshaw, who has worked on a number of high profile proceeds of crime investigations – including the recent Plutus Australian Tax Office investigation – happened to be doing some personal banking at the same NAB at the same
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Construction has recovered and new home starts and sales are climbing at a steady pace. Having achieved this position, it would be wise to finish dismantling the aggressive policies targeted at housing (including reform of Fannie Mae, Freddie Mac, and the Federal Housing Administration) to avoid
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All the same, the strategy is starting to pay off. Berlusconi's Forza Italia party has gained about 4 percentage points since relaunching his Facebook page in October, according to the Bloomberg Composite of election polls. As a result, he's edging aside Northern League leader Matteo Salvini as leader of
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A recent study by Unitas Consultancy highlights the buying patterns in the Dubai real estate market. In the ready space, government-sponsored developments has seen a systematic decline of market share in transactional activity as a surge of private sector projects come have come online. In 2010
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One of the country's leading advocates for aggrieved bank customers has accused banks and insurers of marketing credit and insurance policies in an irresponsible way, in the first submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
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Wealthy Russians are ploughing money into the German real estate sector, mostly picking housing and commercial projects in the range of $1-9 million, the Vedomosti business daily said on Jan. 19, citing a survey by the Tranio real estate broker. Cyprus used to be the foreign haven of choice for
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ELKHART, Ind. (AP) — A private prison management company has withdrawn its application to build a U.S. Immigration and Customs Enforcement detention center in northern Indiana. Nashville, Tennessee-based CoreCivic had proposed locating a $100 million, 1,200-bed center about 10 miles (16
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Prosecutors say he “meticulously planned” his crimes, going to unusual lengths both to set up and conceal his activities using the internet and international banking networks while working with more than 50 child pornography providers and obtaining more than 27,000 child pornography images.
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Customers with new Santander mortgages will no longer move to the lender's standard variable rate (SVR) when their initial mortgage deal ends. From today (Tuesday 23 January 2018), all new mortgage deals offered by the bank will see the borrower revert to Santander's new follow-on rate (FoR)
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Some 9.8 million Chinese tourists visited Thailand in 2017 (out of 34 million international visitors), with more than 2 million traveling to Pattaya beach resort, another potential beneficiary of the EEC plan. Sunplay Bang Suray, which is marketed to potential Chinese buyers, is situated about 25 kilometers
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Real estate shares added 2.1 percent, while precision machinery shares gained 1.9 percent. Earlier on Tuesday, the Bank of Japan kept its monetary settings unchanged and offered a more upbeat view on inflation expectations than three months ago, signalling its conviction that a strengthening
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It was a record quarter for equity release activity in the fourth quarter of 2017 that pushed annual lending growth in the sector to its highest level since 2002. The total amount of housing wealth unlocked by over-55 homeowners reached £3.06bn in 2017 – the first time it has exceeded £3bn in a single
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… said chief product and technology officer Carlos Gonzalez-Cadenas. Online lender LendInvest Ltd. said it will make a “concerted effort” to hire additional engineers in London this year, while Salesforce.com Inc.-backed software company Anaplan Inc. says hiring engineering talent is its current priority.
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Kuala Lumpur: Electronic payment solutions provider, ManagePay Systems Bhd is set to start the money lending business in April this year, targeting both individuals and businesses via its unit, ManagePay Resources Sdn Bhd. This would be over and above the MPay's Quickash Peer-to-Peer (P2P)
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