Results for Africa
- Nigerian President Suspends Central Bank Governor
Nigeria's president, Goodluck Jonathan, has suspended the head of its central bank, removing an increasingly outspoken critic of the government's record on tackling rampant corruption, The Guardian reported. Lamido Sanusi, who was due to en ...
Daily Headline - global.abi.org - 02/20/2014 - 23:39 - 0 comments
- Malema Insolvency May Block South African Parliament Seat Bid
rand ($1.44 million) in taxes and applied for the insolvency order after establishing that his ...
Daily Headline - global.abi.org - 02/10/2014 - 23:35 - 0 comments
- Uganda Gets IMF OK to Raise Debt Limit
borrowing limit has been increased to $2.2 billion from $1.5 billion, a boost for the country's efforts ...
Daily Headline - global.abi.org - 01/29/2014 - 00:23 - 0 comments
- Nzoia Sugar Company Denies Insolvency Claims
Nzoia Sugar Company has denied a report by the Auditor General last week that indicated that it is technically insolvent and operating on a negative working capital, allAfrica.com reported. The company is reported to have debts amounting to Sh16billion h ...
Daily Headline - global.abi.org - 12/09/2013 - 00:14 - 0 comments
- Pensioners Starting To Feel Fiscal Austerity Impact, OECD Warns
Pensioners in developed economies are no longer being spared the worst effects of the financial crisis as fiscal austerity programmes aimed at curtailing spending on the elderly start to kick in, the OECD has warned, the Financial Times reported. Spe ...
Daily Headline - global.abi.org - 11/26/2013 - 22:19 - 0 comments
- S. African Debt Climbs as Gordhan Pledges Spending Curbs
South African Finance Minister Pravin Gordhan will struggle to keep government debt under control even as he pledges to stick to spending targets, Bloomberg reported. Gross debt will climb to 48 percent of gross domestic product in the year through March ...
Daily Headline - global.abi.org - 10/23/2013 - 21:03 - 0 comments
- G20 Backs Crackdown On Tax Avoidance
Leaders of the world’s largest economies ratcheted up the pressure on tax avoidance by backing “an ambitious and comprehensive” plan to crack down on multinationals that shift profits into low-tax countries, the Irish Times reported. The G20 countrie ...
Daily Headline - global.abi.org - 09/08/2013 - 20:15 - 0 comments
- Banks Face New Set Of Capital Rules
Banks face being hit with a new set of international capital rules aimed at forcing bondholders rather than taxpayers to bail out failing institutions, the Financial Times reported. Global regulators are seeking support from world leaders to draw up ...
Daily Headline - global.abi.org - 09/02/2013 - 17:40 - 0 comments
- South Africa's Investec, Nedbank Exposed To Troubled Building Firm
South Africa's Investec, Nedbank and Sanlam said on Thursday they had exposure to a failing building supply company First Strut, whose chairman was shot dead in June, Reuters reported. Trade in First Strut's 925 million rand ($95 million) worth ...
Daily Headline - global.abi.org - 07/25/2013 - 23:25 - 0 comments
- Nigeria Appoints Citigroup, Vetiva to Manage Sale of Bank
The Asset Management Company of Nigeria, which holds non-performing assets of troubled banks, said it had named Citigroup and Africa-focused investment bank Vetiva Capital to manage the sale of its shares in one nationalized bank, Reuters reported yester ...
Daily Headline - abi_admin - 07/18/2013 - 21:30 - 0 comments