African Banks' Interest Rates: The Ultimate High Score Competition
Key Points
- Zimbabwe tops Africa with a staggering 35% interest rate, le...
If you thought your credit card rates were steep, wait until you hear about the banking olympics happening in Africa where interest rates are competing for gold medals in the "How High Can You Go" championship.
Banking on Bankruptcy
Zimbabwe proudly claims the crown with a jaw-dropping 35% interest rate, making loan sharks look like charitable organizations. Ghana follows with 28%, while Nigeria rounds out the podium at 27.5%. Meanwhile, global average rates are casually chilling below 10%, probably sipping coconut water on a beach somewhere.
Oil Money, No Money
You'd think having mass...
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