Africa

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South African Airways Set For Fifth Loss As Insolvency Averted

South African Airways, the national carrier, probably incurred a loss for a fifth consecutive year in the past financial period, and would be insolvent without a government-backed guarantee, Bloomberg News reported. The state airline’s loss for the year ending March is estimated at 1.8 billion rand ...

Daily Headline - global.abi.org - 09/13/2016 - 21:48 - 0 comments

South African Airways Set For Fifth Loss As Insolvency Averted

South African Airways, the national carrier, probably incurred a loss for a fifth consecutive year in the past financial period, and would be insolvent without a government-backed guarantee, Bloomberg News reported. The state airline’s loss for the year ending March is estimated at 1.8 billion rand ...

Daily Headline - global.abi.org - 09/13/2016 - 21:45 - 0 comments

Ghana Bond Sale To Test Appetite For Emerging Market Debt

$1bn bailout with the International Monetary Fund last year. Read more. (Subscription required.) ...

Daily Headline - global.abi.org - 09/08/2016 - 22:21 - 0 comments

How Aero Contractors, First Nation Airlines Flew Into Insolvency

The bell tolls for the Nigerian economy as the government and its private sector battle a humongous recession considered the worst in 29 years threatens to wipe off millions of jobs in critical sectors, Nigeria Today reported. As at last weekend, the omn ...

Daily Headline - global.abi.org - 09/05/2016 - 20:56 - 0 comments

African Development Bank Chief Warns Africa On International Debt

product will grow at 1.6 per cent this year, a sharp decline from 3.5 per cent in 2015, and well below the ...

Daily Headline - global.abi.org - 08/30/2016 - 22:53 - 0 comments

Kenya’s Chase Bank Removed From Receivership

Chase Bank has received Central Bank of Kenya’s (CBK) approval to start taking fixed deposits and resume lending, CAJ News reported. The move marks a major milestone in the turnaround efforts of the bank signaling that most of the major issues under reso ...

Daily Headline - global.abi.org - 08/17/2016 - 23:58 - 0 comments

Republic Of Congo Set To Cure Bond Default

One of the briefest sovereign defaults in history? The Republic of Congo today made a belated but full interest payment on a $478m bond, after mysteriously failing to do so on the due date on June 30, resulting in rating agencies declaring a sovereign de ...

Daily Headline - global.abi.org - 08/08/2016 - 22:32 - 0 comments

Nigerians Feel Squeeze As Economy Slides Towards Recession

contract by 1.8 per cent this year, down from its estimate in April of 2.3 per cent growth for the year. ...

Daily Headline - global.abi.org - 07/31/2016 - 22:22 - 0 comments

Mozambique Raises Key Rate to 17.25 Percent on Inflation

at NKC African Economics. Mozambique holds foreign reserves of $1.9 billion, enough to cover three ...

Daily Headline - abi_admin - 07/22/2016 - 12:19 - 0 comments

South Africa Leaves Main Interest Rate Unchanged

a tepid 0.6 percent expansion. The bank said the economy would likely recover to grow at a 1.1 ... growth were too great raise the bank’s main “repo” rate above 7.0 percent. Kganyago has raised rates ...

Daily Headline - abi_admin - 07/21/2016 - 12:39 - 0 comments

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