Africa

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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

Helping Small Business To Be an Engine of Growth and Employment

In developing countries, small businesses employ a disproportionate share of the population: SMEs comprise two-thirds of formal private sector employment in emerging markets and create 95 percent of jobs in low income countries. They take many forms, fro ...

Resource Article - abi_admin - 12/11/2014 - 16:41 - 0 comments - 0 attachments

Restructuring in Croatia - Hard Choices for Lenders

by DLA Piper - Jasna Zwitter-Tehovnik, Partner and Joze Vranicar, Associate During the 1990s and up to the beginning of the recent financial crisis, the economies of Central and Eastern European countries experienced rapid growth. The privatisati ...

Resource Article - abi_admin - 12/11/2014 - 16:01 - 0 comments - 0 attachments

Proposed Amendments to the EC Insolvency Regulation - Progress Update

by DLA Piper - Michelle Ni Ghaboid, Senior Associate In the Q1 2014 edition of Global Insight, we discussed the progress already made in respect of the Proposed Amendments to the EC Insolvency Regulation as of April 2014. The European Parliament and the Council of the European Union have now ...

Resource Article - abi_admin - 12/11/2014 - 15:59 - 0 comments - 0 attachments

Rescue Plan for Abil's Ellerine Makes Slow Progress

the amount creditors can expect to receive after the business that owes nearly 1.3 billion rand ($118 ...

Daily Headline - abi_admin - 12/01/2014 - 17:38 - 0 comments

Lewis Wins Preliminary South Africa Approval For Ellerine Deal

South Africa's competition watchdog on Wednesday gave Lewis Group preliminary approval to purchase more than 60 stores from failed furniture firm Ellerine, paving the way for a $8 million deal that is expected to save nearly 400 jobs, Reuters report ...

Daily Headline - global.abi.org - 11/12/2014 - 20:52 - 0 comments

Abil's Furniture Firm Owes Big South African Banks $53 Million

stores and employs 8,000 people owes almost 1.3 billion rand ($117 million) and is likely to be wound ...

Daily Headline - global.abi.org - 11/05/2014 - 22:42 - 0 comments

South Africa to Sacrifice Growth to Avoid a ‘Debt Trap’

South Africa will sacrifice economic expansion in the next two years by limiting spending growth and raising more taxes as it seeks to avoid a debt trap, Bloomberg News reported. The government will cut its expenditure limit by 25 billion rand ($2.3 bill ...

Daily Headline - global.abi.org - 10/22/2014 - 20:46 - 0 comments

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