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36 Black-Owned Banks and Credit Unions, Sorted by State
The FDIC and NCUA recognize minority depository institutions, or MDIs, which are institutions that are led by minority group. One type of MDI is a
Development banks’ climate pledges hit record, but World Bank pullback looms
Climate finance provided by multilateral development banks (MDBs) to low- and middle-income countries has doubled over the past five years, rising from $51.6 billion in
Kenyan banks, insurers court tech startups for digital products expansion
In October, it will be exactly 10 years since Abubakar Godhana Ali accessed his first-ever credit from the formal financial sector. Much has changed in
Inside the World Bank’s tough terms for new loans to Kenya
The World Bank has set more than 10 conditions to unlock a new round of funding for Kenya, including the disclosure of the personal interests
World Bank’s $642 Million Skills Push Targets Africa’s Youth Employment Gap
The World Bank Group has approved a major regional skills and employment programme for Western and Central Africa, setting up a new platform aimed at
Mobile operator banks on fintech explosion in Africa
MTN is scaling its fintech operation, repositioning it from a mobile money service into a fully-fledged digital financial ecosystem as it targets a 50 million
World Bank’s Global Economic Prospects Report 2026
The World Bank has sharply downgraded its global growth outlook for 2026, warning that the war in the Middle East has triggered a major energy
South Africa banks chase underserved mid-sized businesses to drive growth
Key Points South Africa’s biggest banks face growing competition for large corporate clients Look to win more clients from once ignored medium-sized companies Nedbank, Investec
Nigerian banks boost African interest income growth
Nigerian banks contributed significantly to the fastest growth among emerging markets during the first half of 2025, according to a recent report by Fitch. This
South African Banks Issue $322 Million Loss Buffer
South Africa’s largest banks have recently raised a significant amount of loss-absorbing debt as part of a new regulatory framework. This framework aims to ensure