Africa: Helium Credit Is Financing Africa’s Private Clinics, One Loan At a Time

Africa: Helium Credit Is Financing Africa’s Private Clinics, One Loan At a Time

Across Nigeria, many privately-owned healthcare facilities face funding bottleneck. Pharmacies watch their shelves empty as they struggle to restock essential drugs. Laboratories, unable to afford new equipment needed for diagnoses, and clinics are forced to turn patients away, as they face financial constraints that limit the services they can provide. For banks, credit unions, and…

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TymeBank gets green light to buy Sanlam’s loan portfolio

TymeBank gets green light to buy Sanlam’s loan portfolio

As of 31 December 2024, TymeBank had 10.7 million customers. The Competition Commission has recommended unconditional approval of TymeBank’s proposed acquisition of SanlamTyme and a portfolio of unsecured personal loans from Sanlam Personal Loans (SPL). TymeBank, South Africa’s first digital-only bank and majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), now holds deposits nearing R7…

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