‘It doesn’t serve anyone’: Ecobank, Equity Bank and Bank of Kigali on Africa’s high cost for business credit— and how to cut rates
Borrowing to grow a business in Africa can incur interest rates up to six times higher than in the Eurozone. Commercial banking leaders say that contrary to popular belief they want to reduce interest rates and point to the conditions needed to make lending more affordable. By Oliver Nieburg This month, the Manufacturers Association of […]