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Online loan apps are gaining traction because of features such as customized repayment plans, minimal documentation, low-interest rates, and quick disbursal. Before now, one of the biggest challenges people faced was accessing quick loans. You had to visit a bank, obtain relevant information, and provide collateral before getting a loan. This process was not only tedious but also out of the reach of many people. With the emergence of online loan apps, anyone can apply for a loan from the comfort of their homes. You can also monitor the progress of your application easily. Different loan apps...
Mitsubishi UFL Financial Group (MUFG) and the African Export-Import Bank (Afreximbank) have secured close of a USD 520 million facility on 3 December. MUFG acted as sole mandated lead arranger, bookrunner and agent on the deal. Cairo-headquartered Afreximbank said the deal was in line with its support for trade and investment, export manufacturing and industrialisation in Africa, key sectors in maximising the continent’s economic potential. It will use the income from the facility to support its Pandemic Trade Impact Mitigation Facility (PATIMFA), established in March to support states, ba...
Japanese firm acquiring a stake in Dariali hydropower project which generates 4% of domestic power needs 16 Dec 2020 | Michael Marray Nippon Export and Investment Insurance (NEXI) is providing overseas investment insurance to TEPCO Renewable Power (TEPCO RP) for its investment in the Dariali hydropower project in Georgia. This is the first project since NEXI and the Ministry of Economy and Sustainable Development of Georgia signed a memorandum of understanding (MOU) in March 2019. The agreement aims to promote bilateral trade and support companies entering the market of their partner cou...
MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank London, Cairo, 14 December 2020 - MUFG and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI). NEXI's proactive support for this facility was agreed on the basis of Afreximbank being a strategic partner, participation from Japanese investors, and the deal contributing to the UN's Sustainable Development Goals (SDGs). MUFG was the sole Mandated Lead Arranger, Bookrunner, Agent and NEXI Coordinat...