Pan-African Air Travel Hindered by High Costs and Limited Connectivity
Intra-African air travel remains prohibitively expensive and inefficient, with travellers often forced to route through non-African hubs like Istanbul or Paris. Limited connectivity, dominance by a few major carriers, and a lack of budget airlines contribute to these challenges. High operational costs and restrictive visa policies further impede seamless travel across the continent. Despite shared […]
First National Bank Targets Ghana Amid Africa’s Wealth Expansion
First National Bank (FNB), a subsidiary of South Africa’s FirstRand Ltd., is expanding into Ghana to tap into the country’s growing affluent population. This move is part of FNB’s broader strategy to enhance its private banking services across Africa, including recent expansions in Botswana, Namibia, Eswatini, and Zambia. The bank aims to offer tailored services […]
Tunisian Banks Halt Long-Term Loans Amid Profit Concerns
Tunisian private banks have ceased issuing new loans exceeding 15 years following a government mandate that reduces borrowing costs, aiming to support households during the economic crisis. The new regulations, effective since January, allow borrowers to reduce interest rates by 50% on certain fixed-rate loans and compel banks to offer a set amount of interest-free […]
