In times of distress, institutions have curators to look after them, people don’t. This is perhaps the biggest lesson for consumers from the African Bank debacle. It’s a tough lesson, but learn it well.
No ad to show here.
African Bank Investments Limited, or ABIL, built a client-base of 3.2 million people, but is now under curatorship and faces huge losses. The management team, quite simply, lent too much money to too many customers who didn’t pay back their loans.
Read more on Ventureburn.
F5.5G Leap-forward Development of Broadband in Africa The Africa Broadband Forum 2024 (BBAF 2024) was successfully held in Cape Town, South Africa recently, under…
The Netflix matchup between Mike Tyson and Jake Paul has redefined what a modern boxing event can be, fusing old-school boxing prestige with digital-age…
Red One – A Fresh Take on the Holiday Action-Comedy Genre The holiday season just got a lot more action-packed. Red One, starring Dwayne…
Can Virtual Reality Meditation Help Us Rediscover the Beauty of Reality? In a world where technology is often seen as a distraction, virtual reality…
To improve your experience, deliver personalised content and advertising. Find out more by reading our cookie policy.
Accept
