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South Africa is one of the hardest-hit countries in Africa with over 740,000 infections.

The country recorded 60 more virus-related deaths on Wednesday, bringing the death toll to 20,011.

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African-Americans make up 13.2 percent of America’s population. However, out of the nearly 6,000 banks in operation, only18 banks are owned by American-Americans, according to the FDIC. And only one, City First,manages assets in excess of $1 billion. Undoubtedly, the undercapitalization of Black banks has severely restricted Black banks’ ability to compete and underwrite credit....

The post New fund to invest $250 million in Black-owned banks appeared first on Face2Face Africa.

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We have decided to extend the national state of disaster to 15 December, President Cyril Ramaphosa said in his address to the nation on Wednesday night. Read his full speech.

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Title: Victor Trammell for Your Black World | Photo credits: Getty Images and Facebook

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