Results for Africa
- CBK Aims At Cheaper Credit With Rate Cut
The Central Bank has lowered its main policy rate by a quarter percentage point, in a move meant to afford Treasury and businesses cheaper access to credit, Business Daily Africa reported. The Monetary Policy Committee (MPC) announced on Thursday after i ...
Daily Headline - global.abi.org - 01/28/2011 - 10:50 - 0 comments
- Global Price Fears Mount
increasing prices in recent weeks. The world average carbon-steel price is forecast to exceed $1,000 per ... unexpectedly jumped to 2.2% in the euro zone from 1.9%, the first time in more than two years it has exceeded ... weak at 1.1% in December. "In the U.S., the Fed considers that core inflation is a good ...
Resource Article - global.abi.org - 01/24/2011 - 09:57 - 0 comments - 0 attachments
- Sudan Wants Debt Forgiven Before Split With South, Carter Says
Sudan’s government wants its $38 billion debt forgiven by international lenders before it separates from an independent Southern Sudan, said former U.S. President Jimmy Carter, Bloomberg BusinessWeek reported. “A substantial portion of it should be forgi ...
Daily Headline - global.abi.org - 01/14/2011 - 10:14 - 0 comments
- Ivory Coast Investors Brace For Bond Default
The clock is ticking for Ivory Coast to pay interest on a $2.3 billion bond and investors are sceptical the West African country, in the midst of a tense political stand-off, will avoid its second debt default in little over a decade, Reuters Africa repo ...
Daily Headline - global.abi.org - 01/06/2011 - 09:33 - 0 comments
- Underground Economy Robs The Taxman Of Sh275 Billion
means the national economy is nearly twice the current estimate of Sh1.6 trillion. Read more. ...
Daily Headline - global.abi.org - 12/01/2010 - 10:42 - 0 comments
- Loan Defaulters Face Tough Times In Fresh Vetting Rules
Commercial banks and micro-lenders are now required to share a wide range of information on their customers, including records of dishonoured checks, compulsory closure of accounts and late payments or credit defaults on all types of facilities, accordin ...
Daily Headline - global.abi.org - 11/23/2010 - 01:06 - 0 comments
- Union Bank Sues Jimoh Ibrahim, Others Over N22bn Debt
Union Bank of Nigeria Plc has initiated a legal action before the Federal High Court in Lagos against four firms and their alter ego (promoter), Mr. Jimoh Ibrahim, following the bank‘s claim that the defendants are owing it N22.55bn, Punch reported. ...
Daily Headline - global.abi.org - 11/22/2010 - 08:50 - 0 comments
- Court Approves Aya Bakery Receivership
The Commercial Court has rejected an application by Aya Bakery to block being put under receivership and paying a sh2b arbitral award to Roko Construction, NewVision.co.ug reported. The head of the Commercial Court, Justice Geoffrey Kiryabwire, ruled tha ...
Daily Headline - global.abi.org - 11/16/2010 - 10:58 - 0 comments
- G20 Finds Common Ground Opposing U.S.
The Group of 20 is beginning to look more like the G19 plus 1 as emerging and rich countries alike accuse the United States of breaking a vow of unity, Reuters reported. This week's G20 summit ... bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,Africa,Asia,Europe,North America,South America The Group of 20 is beginning to look more like the G19 plus 1 as ...
Daily Headline - global.abi.org - 11/08/2010 - 09:37 - 0 comments
- NSSF Assets Up For Sale In Sh663 Million Contract Dispute
value drop from Sh1.9 billion to Sh888.4 million. The matter stayed before court until July 2008 when ...
Daily Headline - global.abi.org - 10/06/2010 - 10:01 - 0 comments