‘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 […]
‘A new chapter for a sovereign Africa’: Minister Nadia Fettah says the continent must transform its capital to power
External dependency is not a viable development strategy. Africa financial future lies in mobilising African savings, according to the high-level speakers at AFIS 2025’s opening ceremony. Held under the High Patronage of His Majesty King Mohammed VI, the 2025 Africa Financial Summit (AFIS) in Casablanca on 3 & 4 November brought together over 1,250 leaders and policymakers. ‘Africa does not need […]