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Africa’s rising debt: Chinese loans to continent exceeds $140 billion

Africa has been witnessing a slowdown in financial progress, and prevalence of Covid-19 pandemic has exacerbated the stream of needed funds for ongoing infrastructure growth initiatives. Fearing default on funds, numerous African international locations are re-negotiating mortgage phrases with Chinese language entities together with deferment of curiosity funds and suspending the non-viable initiatives.

Anchor Loans reports major milestone

Roughly 85% of Anchor’s enterprise has come from repeat purchasers who profit from the corporate’s quick flip instances, flexibility to accommodate particular conditions and the flexibility, and capital, to fund multi-million-dollar initiatives,”

ways to reduce risk in Forex trading

Forex trading is one of the most popular forms of investment in Africa, especially amongst young people. It is relatively low-cost, available 24 hours a day, and can be accessed from both mobile devices and computers. Anyone with a mobile phone and 10 dollars to spare can get involved.

Surge in UK fraud a national security threat, warn banks

A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated action across industries, banking industry lobby group UK Finance has warned.