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World Bank Extends $1.5 Billion Loan to South Africa to Fast-Track Infrastructure Reform
“South Africa has shown that sustained reform can turn around even deep-seated infrastructure crises,” said Satu Kahkonen, World Bank Group Division Director for South Africa. “By extending this
Africa’s largest economy secures $1.5 billion World Bank loan to fix power, ports and water infrastructure
The financing, approved by the International Bank for Reconstruction and Development (IBRD), comes as Africa’s largest economy pushes ahead with structural reforms aimed at
World Bank Explains Delay in Approving Kenya’s Ksh77.5 Billion Emergency Loan
Welcome to the Money News Roundup. Today, we explain why the World Bank has delayed approving Kenya’s Ksh77.5 billion emergency loan request. We also cover
Why World Bank has delayed Sh78bn emergency loan to Kenya
Kenya’s request for an estimated Sh77.5billion ($600million) emergency loan from the World Bank has been delayed due to the lack of detailed spending plans, the
Revolution sign USMNT GK Matt Turner on another loan from Lyon: Sources
Gregory Bull / AP Photo The New England Revolution are set to re-sign U.S. national team goalkeeper Matt Turner on loan from Lyon, sources briefed
Uganda says Islamic Development Bank approves R12.28bn loan
The Islamic Development Bank’s (IsDB) executive board has approved a €650.7m (R12.28bn) loan to Uganda to help finance its standard gauge railway project, the finance
2 In 5 Black-Owned Business Loan Applications Were Denied, Study Finds
Black-owned businesses faced the highest rejection rate for loans in 2024, according to a recent analysis by LendingTree. Nearly 2 in 5 (39%) of Black
Green Card Holders Face Loan Restrictions Under New US Rule
A new policy from the US Small Business Administration (SBA) will restrict green card holders from receiving business loans backed by the agency, effective March
Loan denials disproportionately impact minority-owned businesses
A recent LendingTree analysis highlights persistent disparities in small business financing. Black-owned businesses experienced the highest rejection rates for loans, lines of credit, and merchant