Monday, August 21, 2017

Colonialism v2.0: Financial Services Continue To Infiltrate Africa

South African, Chinese banks sign deal to fund SMEs in Africa

JOHANNESBURG — South Africa's Absa bank and China Development Bank (CDB) on Friday announced the conclusion of a $100 million Special Facility Agreement to fund small and medium-sized enterprises (SMEs) in Africa. Absa is a subsidiary of the Barclays Africa Group. The money will benefit Barclays bank's existing and prospective SME clients across the continent. The…