Results for Africa
- 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