Jumo has announced a partnership with Nedbank to roll out the Nedbank Quick Loans service in SA. (Image source: 123RF) AI-powered banking technology firm Jumo has partnered with Nedbank to launch Nedbank Quick Loans, a short-term loan service for the South African market. The partnership combines Nedbank’s lending expertise and brand with Jumo’s real-time lending infrastructure…
African Export-Import Bank (Afreximbank) has solidified its dominance in African capital markets, clinching the Number 1 ranking as both Mandated Lead Arranger and Bookrunner in the 2025 Bloomberg Africa Borrower Loans League Tables, as well as the Number 3 ranking for Administrative Agent. These rankings recognise the Bank’s leadership in arranging debt solutions and mobilising…
Shares in Blue Owl Capital tumbled almost 6% on Thursday after the private market and alternative assets manager sold $1.4 billion of loan assets held in three of its private debt funds. Blue Owl said Wednesday it had agreed the sale with four North American pension and insurance investors, with the loans changing hands at…
Lincoln Mali, CEO of Lesaka Southern Africa. JSE-listed fintech group Lesaka Technologies disbursed loans amounting to over R1 billion to its customers, the majority of whom are South African Social Security Agency (SASSA) grant beneficiaries. This is according to Lincoln Mali, CEO of Lesaka Southern Africa, speaking today in an interview with ITWeb after the…
New research by Oxfam and CARE Climate Justice Centre, published today, finds developing countries are now paying more back to wealthy nations for climate finance loans than they receive- for every 5 dollars they receive they are paying 7 dollars back. 65% of funding is delivered in the form of loans. This form of crisis…
Fans enjoy Taylor Swift’s performance during The Eras Tour at SoFi Stadium in Inglewood, California, Aug. 7, 2023. Allen J. Schaben | Los Angeles Times | Getty Images Many Americans have become accustomed to breaking up big purchases with buy now, pay later loans — including tickets for concerts and other live events. Going to…
