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Africa

Afreximbank and Fci to Host Africa Regional Conference On Factoring, Receivables Finance & Credit Insurance in Kampala

eriinfo.com6 days ago05 mins

Cairo/Amsterdam — African Export-Import Bank (Afreximbank) and FCI will jointly host the Africa Regional Conference on Factoring, Receivables Finance & Credit Insurance on 15-16 April 2026 in Kampala, Uganda. As Africa moves towards a unified market, these financial tools serve as essential catalysts for bridging the trade finance gap, particularly for small and medium-sized enterprises…

Africa

Africa: Bank of Africa Niger Says Profit Dropped 92 Percent As Credit Risk Rises

eriinfo.com2 weeks ago05 mins

Bank of Africa Niger reported a 92% drop in net profit for 2025, according to a statement from its board dated 20 February 2026. The bank said the decline reflects pressure across Niger’s banking sector as lending activity slowed and asset quality weakened. Industry data show total credit in the country fell 4.1% in 2025,…

FNB revamps eWallet with WhatsApp integration and credit features

eriinfo.com3 weeks ago04 mins

First National Bank (FNB) has announced a significant expansion of its eWallet platform, integrating WhatsApp as a primary service channel to deepen its reach among South Africa’s unbanked and underbanked populations. The update aims to transform the platform from a simple remittance tool into a functional entry-level “digital account” for those who struggle to meet…

Africa

Africa: GoCab Raises $45m to Scale Mobility, Credit Platform in Africa

eriinfo.com2 months ago04 mins

London-based mobility and financial services platform GoCab has raised $45 million in new financing, split between $15 million in equity and $30 million in debt, as it steps up expansion across Africa. The equity round was led by E3 Capital and JANNGO Capital, with participation from KawiSafi Ventures and Cur8 Capital. The debt portion was…

Africa

Africa: Private Credit Rating Agencies Shape Africa’s Access to Debt. Better Oversight Is Needed

eriinfo.com2 months ago013 mins

Africa’s development finance challenge has reached a critical point. Mounting debt pressure is squeezing fiscal space. And essential needs in infrastructure, health and education remain unmet. The continent’s governments urgently need affordable access to international capital markets. Yet many continue to face borrowing costs that make development finance unviable. Sovereign credit ratings – the assessments…

JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’ | Banks News

eriinfo.com2 months ago07 mins

JPMorgan Chase CEO Jamie Dimon pushed back on calls by the administration of United States President Donald Trump to cap credit card interest rates, claiming that if Congress follows through, it would result in an “economic disaster”. Dimon made his comments on Wednesday at the World Economic Forum in Davos, Switzerland. Recommended Stories list of…

How alternative credit models can unlock South Africa’s hidden economy

eriinfo.com3 months ago09 mins

The author, Cameron Kyle-Perumal, GM of M-KOPA South Africa and director of international strategy and growth for the group South Africa is home to one of the continent’s most sophisticated financial systems, yet 65% of respondents in a recent survey were declined credit by formal lenders, with rejection rates disproportionately concentrated among lower-income groups –…

Africa

Africa’s Fight With Global Credit Ratings – Bias or Hard Reality?

eriinfo.com4 months ago017 mins

Entebbe, Uganda — When policymakers, economists and civil society leaders from the East African Community (EAC) and the Southern African Development Community (SADC) converged recently in Uganda’s lakeside town of Entebbe for a regional symposium on domestic resource mobilisation, the mood was one of introspection. The two-day (Nov.25-26) event, convened by the Southern and Eastern…

Entersekt authentication platform now plug-and-play for any bank or credit union, enabling instant fraud, ATO protection

eriinfo.com4 months ago07 mins

AI scams and fraud continue to evolve. Entersekt, which positions itself as a global leader in digital banking fraud prevention and payment security, today launched the latest enhancements to its modernised digital banking authentication platform. These include Entersekt Orkestrate, a pre-packaged, low-code integration solution that makes it faster and easier to add pre-orchestrated, AI-powered Context…

Africa

Africa: Should Credit Rating Agencies Be Rated?

eriinfo.com6 months ago017 mins

Reflections on Trust, Sovereignty, and Africa’s Economic Destiny When the language of numbers claims to replace the voice of the people—when trust becomes a score and sovereignty a chart—it is time to pause, breathe, and question the gaze that evaluates. The recent downgrade of Senegal by Moody’s revives an essential question: how can one believe…