Emergency funds: why every African family needs one
Introduction: The Wake-Up Call No One Saw Coming Imagine this: you wake up one morning to discover your child is sick and needs urgent medical attention. You check your wallet,…
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Saving culture: “Susu,” “Ajo,” “Chama,” and other African savings traditions
Introduction: Why These Old Traditions Matter Now If you live in Canada or the USA today, you’re likely surrounded by modern banking apps, credit cards, and investment platforms. Yet, before…
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What Your Bank Statement Reveals About You—More Than You Think
Introduction: Why Your Bank Statement Is More Than Just Numbers Most people glance at their bank statements only to confirm their balance. But in reality, a bank statement is much…
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How Do Nigerian Finance Companies Survive Dollar Crises?
Introduction: Why You Should Care Let’s face it—currency crises feel far away for many North American readers. But consider this: when Nigeria—a top African economy—rides out a dollar crunch, we…
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Why Do Diaspora Africans Prefer Sending Money Through Fintech Apps Instead of Banks?
Introduction: A New Era in Money Transfers Every year, millions of Africans in the diaspora send money back home to support loved ones, build houses, or invest in businesses. For…
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What’s the Real Difference Between a Microfinance Bank and a Finance Company?
Introduction: Why This Matters More Than Ever In today’s fast-changing financial world, it’s easy to get confused by the wide range of financial institutions competing for your attention. We all…
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What Happens to Your Money If Your Bank Collapses in Africa?
A Shocking Question: Can Your Bank Really Collapse? When we think of banks, we think of security. These institutions proudly display their reputation for stability, offering us a place to…
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The Untold Cost of Using Your Credit Card in Africa: Hidden Fees Canadians and Americans Must Know
Introduction: A Fee You Didn’t See Coming Credit Card in Africa: You land in Nairobi, Lagos, or Cape Town. The air is vibrant, the culture rich, the adventure unforgettable. But…
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How Do Finance Companies Make Money If They Don’t Take Deposits Like Banks?
Introduction: The Big Question Behind Finance Companies Most people understand how banks make money—by taking deposits from customers and lending them out at higher interest rates. But finance companies in…
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Why Do Most Africans Save in Dollars Instead of Local Currency?
Introduction: A Currency Dilemma That Affects Millions Imagine waking up tomorrow in Toronto or New York and realizing your savings have lost 40% of their value overnight. That’s the harsh…
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