Africa

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African Bank's Lending Below Levels To Sustain "Good Bank"

administrators said in a statement to investors. "The holy grail is about 1 billion a month," ...

Daily Headline - global.abi.org - 03/03/2015 - 21:34 - 0 comments

China's Shandong Calls In African Minerals Debt

African Minerals said on Friday its Chinese partner in its sole asset, the Tonkolili iron ore project in Sierra Leone, has taken on some of its multi-million dollar debt and is demanding repayment, Reuters reported. The loan is secured against certain as ...

Daily Headline - global.abi.org - 03/01/2015 - 20:37 - 0 comments

Power Crisis Knocks South Africa Economy

and raises income tax 1 per cent for all but the country’s lowest earners. It is the first such tax ...

Daily Headline - global.abi.org - 02/25/2015 - 21:04 - 0 comments

South Africa Records Worst Growth In 5 Years

down to 1.5 per cent for the year. Mining and manufacturing however rebounded in the fourth quarter, with the economy expanding 4.1 per cent on a quarter-on-quarter basis. But the annual growth compared ...

Daily Headline - global.abi.org - 02/24/2015 - 20:51 - 0 comments

South Africa's Ellerine Rescue Yields More Cash Than Expected

The business rescue plan for the furniture arm of failed South African lender Abil has realised a better cash position than had been earlier hoped, administrators said in a report. The retailer with debts adding up to around 1.3 billion rand ($115 million) was forced into business rescue last year, ...

Daily Headline - global.abi.org - 02/08/2015 - 23:27 - 0 comments

Angola Seeks $1 Billion In Loans As Oil Price Falls

Angola has dramatically slashed its budget for the year and is reaching out to the World Bank and international lenders for at least $1bn in loans as Africa’s second-biggest oil producer and one of the ... budget for the year and is reaching out to the World Bank and international lenders for at least $1bn in ...

Daily Headline - global.abi.org - 02/05/2015 - 22:28 - 0 comments

IMF Offers Debt Relief to Ebola-Hit Countries

The International Monetary Fund said Thursday it will provide a total of $100 million in debt relief and another $160 million in low-interest financing for the three West African countries hardest hit by the Ebola crisis, The Wall Street Journal repo ...

Daily Headline - global.abi.org - 02/05/2015 - 22:29 - 0 comments

Zimbabwe Bank Surrenders Licence, Insolvency Cited

One of Zimbabwe's smaller banks, owned by a senior minister in President Robert Mugabe's government, has surrendered its licence because it was insolvent and had a high level of non-performing loans, two sources at the bank said on Thursday. Un ...

Daily Headline - global.abi.org - 01/08/2015 - 22:34 - 0 comments

Ebola Ravages Economies in West Africa

The personal hospitality business may be the most obvious sector of Sierra Leone’s economy that has been decimated by Ebola. After all, the main slogan in Freetown, the capital, these days is A.B.C. — avoid body contact. But all across the most affected ...

Daily Headline - global.abi.org - 12/30/2014 - 22:01 - 0 comments

Building Competitive Green Industries

Much of the emphasis on climate change has been on urging countries to act to avoid environmental catastrophe. This new report, “Building Competitive Green Industries: the Climate and Clean Technology Opportunity for Developing Countries”, frames respond ...

Resource Article - abi_admin - 12/11/2014 - 16:43 - 0 comments - 0 attachments

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