Loan

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…

1 month ago

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…

1 month ago

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…

1 month ago

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…

1 month ago

Revolution sign USMNT GK Matt Turner on another loan from Lyon: Sources

Gregory Bull / AP PhotoThe New England Revolution are set to re-sign U.S. national team goalkeeper Matt Turner on loan…

2 months ago

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…

2 months ago

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…

3 months ago

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…

7 months ago

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,…

7 months ago