Category: Loans
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U.S. House Financial Services Committee Debates Trump Administration Tariffs’ Impact on Small Banks
Date: February 10, 2025Author: PanAfrican.Email During a pivotal House Financial Services Committee hearing on Wednesday, Rep. Maxine Waters (D-CA) led a robust discussion on the potential repercussions of the Trump Administrationβs proposed tariffs, particularly their impact on small banks. The hearing, which brought together financial experts, policymakers, and industry leaders, highlighted growing concerns over how…
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DGSE Bank Formation: A Game Changer for Sahel States and West Africa’s Banking Industry
Mali, Niger, and Burkina Faso have recently announced the formation of a common bank, marking a significant development in the financial landscape of the Sahel region. This initiative is part of a broader strategy to strengthen economic ties and enhance financial autonomy among these nations. Implications for West Africa The establishment of this joint bank…
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Former Bank Teller in Delaware Accused of Stealing Thousands from Dormant Accounts
Authorities in Wilmington, Delaware, have accused a former Citizens Bank teller of stealing tens of thousands of dollars from customer accounts. The suspect, identified as 35-year-old Vannia Chatt, allegedly exploited her position at the branch located on the 900 block of N. Market Street. According to police, Chatt targeted three dormant accounts, creating emergency debit…
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π²π¬Madagascar Faces Mobile Money Crisis Amid Tax Controversy
The mobile money sector in Madagascar is at a critical juncture following debates over a new proposed tax bill that many experts, businesses, and stakeholders are labeling as inefficient and dangerous for the country’s growing digital economy. Mobile money services are a lifeline for millions of Malagasy citizens, providing financial inclusion in a country where…
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Experian & Paylink Solutions Launch Debt Consolidation Tool
Experian and Paylink Solutions have partnered to expand credit access and improve financial inclusion through innovative debt repayment technology Credit reporting giant Experian has announced a partnership with Paylink Solutions, a leading provider of affordability software and payment services. The collaboration will integrate Paylink’s innovative ReFiβ’ product into the Experian Marketplace, potentially opening doors to credit for millions of…
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Ethiopian Banks Under Pressure as Foreign Competition Looms
The liberalization of the exchange rate for the birr last month has shaken up the banking sector. The country’s 32 banks will now have to adapt to the arrival of new lenders and some may not survive. Foreign banks, long eager to enter the Ethiopian market, are now more motivated than ever. The recent exchange…
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