African Reserves Loans

What’s behind Sri Lanka’s crippling debt crisis?

Sri Lanka is undergoing a large-scale economic collapse and political crisis, with every chance of further violent unrest. Last week, the Speaker of Parliament warned of an impending hunger crisis. This week ‘new’ prime minister Ranil Wickremesinghe, a septuagenarian in his fifth term as prime minister since the 1990s, warned the country was running out […]

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Africa demands “a fair international financial architecture” | The new times

Calls for a fair international financial architecture grew on Monday (May 16) in Dakar, Senegal. The call was made by President Macky Sall during the Annual Conference of African Ministers of Finance, Planning and Economic Development, ECA’s largest annual event where participants debate key issues concerning the development of the continent. . It also discusses […]

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BNPL Suppliers Defy Skeptics: Shortage of Defaults

Buy now, pay later (BNPL) – and their customers – appear to be handling macro pressures well. Loss provisions are increasing, as are trading volumes, indicating that the relatively new business model is resilient. Inflation is hot. Consumers live paycheck to paycheck, as readers of this space know well. For many of the digital-only startups […]

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Wickremesinghe chose the Sri Lankan Prime Minister to ease the crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka’s former five-time prime minister Ranil Wickremesinghe was reappointed Thursday in an effort to bring stability to the island nation, engulfed in political and economic crisis. Wickremesinghe was sworn in before President Gotabaya Rajapaksa in a ceremony at the President’s residence. Protesters blocked the entrance to the president’s office […]

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Fed makes biggest rate hike since 2000

AFP, Washington Sun, May 8, 2022 12:00 a.m. Last updated on: Sun, May 8, 2022, 12:00 a.m. Construction workers pass planks of wood to co-workers overhead during the construction of new apartments in Monterey Park, California. Inflation in the United States has become a major concern after the world’s largest economy saw annual consumer prices […]

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Elon Musk says he could take Twitter public within three years: WSJ

He was talking to private equity investors as he tried to raise money to fund his $44 billion takeover from the social media platform, the WSJ reported, citing unnamed sources familiar with the situation. Musk has until October to complete his takeover, Insider reported. Private equity investors privatize public companies in difficulty, turn them around, […]

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Nigeria should continue to borrow from the Eurobond market — Akpata

Egie Akpata is the chairman of Skymark Partners Limited, a company based in Lagos. He has extensive experience in financial markets; having worked at BMO Financial Group in Toronto, Deutsche Bank AG in New York, United Capital PLC and UCML Capital Ltd where he is a director. In this interview with Vincent Nwanma, he discusses […]

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Debt repayment costs are rising rapidly for many African countries

AAFRICAN FINANCES ministers trying to manage the debt must curse their luck. First, the pandemic has damaged their finances. In December, a pandemic-inspired program to suspend interest payments to bilateral creditors ended. He had delayed the debt problems but had not solved them. In February, Russian tanks rolled into Ukraine and nervous investors began to […]

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What allows this vulgar demonstration of power?

I often think of all the times our children took to the streets to demand something: justice for their friends who were killed in traffic accidents or raped and brutally murdered. They were only demanding road safety or an end to the culture of impunity enjoyed by the perpetrators. Each time, the authorities turned a […]

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Kentucky, USA College Scholarships Applications, Requirements

Here are some college scholarship opportunities accepting applications from Kentucky students. Bigstock The average Kentucky student pays $10,888 a year in college tuition and fees, eclipsing the national annual average around $1500. the the price of college education is rising across the United States, and students are looking for ways to foot the bill and […]

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Bangladesh’s growing debt is stoking fears of a Sri Lankan-style crisis. But analysts see no reason to worry, for now

However, economists believe the economy is currently well positioned to weather any near-term external shocks as they have played down fears of a crippling meltdown. Nevertheless, they called for caution while insisting on the need to use foreign funds prudently on profitable development projects in order to maintain the confidence of lenders. If a project […]

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Sri Lanka says it will default on external debt as cost of food and food imports soar, report says

Sri Lanka has said it will default on its foreign bonds as it scrambles to save dwindling reserves to pay for essential imports, media reports said on Tuesday. Last Friday, the Central Bank of Sri Lanka appointed its seventeenth governor, P. Nandalal Weerasinghe, and on Tuesday took the decision to suspend payments on foreign bonds. […]

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Lending to Saudi MSME sector set to grow in 2022

RIYADH: The CEO of NMC Healthcare, Michael Davis, deals with patients’ pain all the time. And now he himself feels the pain in many ways. The largest private healthcare provider in the United Arab Emirates is making a series of painful choices to restructure the business starting with its exit from Saudi Arabia. “Leaving Saudi […]

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Russian crisis will blow Tunisia’s budget, say the French

We would have liked to find this type of analysis on the website of the Tunisian Ministry of Finance, explaining to the population the economic ins and outs of the crisis of the Russian war in Ukraine against Tunisia. To ask such a thing from a ministry which has not even published figures on the […]

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As war in Ukraine drives up prices, southern farmers struggle to find fertilizer

Wheat farmer in India, owner of a sugar cane company in Brazil and grain producer in South Africa. Thousands of kilometers apart, the three men face the same challenge: to protect their income from the shortage of fertilizer caused by the war in Ukraine. As the conflict enters its second month, its effects are being […]

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Saudi Developer Dar Al-Arkan Sees Profits Jump 605% in 2021 on Rising Sales

The war and inflation have hit the hopes of recovery in the euro zone; U.S. Job Openings Reach Record High – Macro Snapshot RIYADH: France and Germany have seen bigger than expected declines in consumer confidence this month as rising inflation and concerns over the impact of Russia’s invasion of Ukraine have wreaked havoc, investigations […]

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Week ahead: an encouraging recovery

Are investors right to be optimistic? Investors seem remarkably calm at the moment given the level of uncertainty we face this year, from to and even COVID, as you consider China still embracing lockdowns. Throw yourself into the mix and there are plenty of reasons to be pessimistic. But when you look at the financial […]

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Zimbabwe: Moscow takes steps to stabilize national economy

The launch of the military operation in Ukraine drew the ire of the United States and its allies, which hit Russia with unprecedented sanctions in order to destabilize the country’s economy and pressure Moscow to end to the conflict. Among the many sanctions imposed on the country over the past month, its financial system, energy […]

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Zimbabwe: Metallon outsourcing lawsuit to continue

Zimbabwe’s leading gold producer Metallon Gold is now on trial on six counts of outsourcing a total of US$31 million between 2009 and 2015 after the High Court dismissed a request to quash the indictment and authorized the prosecution to amend the charges to comply fully with the provisions of the law. Metallon is accused […]

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Why some African nations continue to support Russia

The number of African countries that abstained in the United Nations General Assembly vote condemning the Russian invasion of Ukraine surprised some. But it follows a certain logic based on recent and historical precedents, says analyst Aanu Adeoye. “Africans see this Russian-Ukrainian invasion as Russia on the one hand against Ukraine and some Western allies,” […]

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ExxonMobil-Seplat Sharing Agreement: Did NNPC Miss?

The Nigerian business community and companies, especially the oil and gas industry, have literally been on fire and turmoil following the announcement of Seplat Energy Plc., a major indigenous energy company listed on the Nigerian Stock Exchange and the London Stock Exchange, and Exxon Mobil Corporation, Delaware, USA (ExxonMobil) that they had entered into an […]

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UBA excites shareholders with increased dividend for fiscal year 2021

By Dipo Olowookere Shares of MTN Nigeria depreciated by 50 kobo or 0.25% on Friday amid reports that one of its top executives sexually harassed some female employees. On Wednesday, it was reported that the alleged victims had written a petition to MTN Group headquarters in South Africa, accusing MTN Nigeria Sales and Distribution Manager, […]

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Africa ‘not ready’ for climate stress, scientists say

Food production growth is slowing faster than in any other region of the world as droughts, floods, heat and pests from climate change take their toll Africa ‘not on track’ to deal with climate change impacts Lack of finance for adaptation and clean energy is a problem Food security threats particularly high, warn scientists By […]

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A political future? Family comes first for Selah lawmaker

State Representative Jérémie Dufault is a family man, and his concern for his family helped him decide not to run for office this year. He says family comes first. Dufault says he’s not interested in moving his family for politics The two-term Republican representative said recent legislative boundary changes forced him to make the tough […]

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What are the stakes for the global economy, the price of oil as war looms in Ukraine? All you need to know

Is Vladimir Putin planning an invasion of Ukraine, as evidenced by Russian forces massing on the country’s borders? Is he trying to force concessions on his neighbor and the West, or is he bluffing? Putin’s motives are unknown to anyone. His own foreign minister seemed to be kept in the dark. However, if violence is […]

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United Capital records 44% increase in profits to N11.26 billion in 2021

Stanbic IBTC Holdings PLC, part of the Standard Bank Group, recently hosted a webinar titled “2022 ‘Virtual Economic Outlook – Investing and Planning in an Election Cycle’. The event which aimed to reflect on the economic trends that shaped 2021 and project into 2022, was held on Monday, February 14, 2022. According to the financial […]

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Board member Derek Green explains why Philadelphia needs a public bank

Next week I intend to move what should be a final amendment to Invoice No. 210956which would establish the Philadelphia Public Financial Authority (“PPFA”) if passed by the city council, hopefully at its session the following Thursday. This effort would mark the culmination of a multi-stakeholder collaboration that began when I was first sworn […]

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Rwanda: National budget increased by 16% to more than 4.4 trillion Rwandan francs

The government has proposed to increase total public expenditure by Rwf633.6 billion, from Rwf3,807 billion in the original budget presented mid-last year to Rwf4,440.6 billion. According to the revised draft budget presented to parliament on Monday 7 February, the increase represents 16.6% of the initial budget for 2021/22. In general, the additional amount will help […]

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Why Nigeria might pay more on future Eurobond offerings – Akpata

Mr. Egie Akpata is Chairman of Skymark Partners Limited, a Lagos-based company. He worked at BMO Financial Group in Toronto; Deutsche Bank AG in New York; United Capital PLC and UCML Capital, of which he is a director. Akpata has completed transactions in the debt and equity markets, as well as mergers and acquisitions worth […]

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MC MINING LIMITED – US$5.6 million capital raised – SENS

Capital Raising US$5.6 million MC Mining LimitedPreviously Coal of Africa Limited(Incorporated and registered in Australia)Registration number ABN 008 905 388ISIN AU000000MCM9JSE share code: MCZASX/AIM code: MCM 1 February 2022 Capital Raising US$5.6 million MC Mining Limited (MCM or the Company) is pleased to announce it has entered into astaged ZAR86,036,691 (86 million South African Rand) […]

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US and UK plan to send ‘thousands’ more troops to Eastern Europe to counter Russia

youKraine is committed to seeking a diplomatic solution to the ongoing tension with Russia, his ambassador to Japan Sergiy Korsunsky said on Wednesday, adding he sees little chance of an all-out war, although there could be smaller conflicts. Mr Korsunsky warned that an attack on a country with more than a dozen nuclear reactors would […]

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The Spanish Santander launches a “Buy now, pay later” platform on its markets

Abu Dhabi’s national oil company’s new debt-issuing unit, ADNOC Murban, began holding investor meetings on Tuesday ahead of its first bond sale scheduled for this year, according to an investor note seen by Reuters. The meetings, coordinated by JPMorgan and Morgan Stanley, will continue through Friday and will target investors in Asia, Europe, the United […]

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‘This country is finished’: South Africans question new R11.5 billion loan to South Africa from World Bank

South Africa will receive an 11.5 billion rand loan from a global financial institution, the World Bank The World Bank and the South African National Treasury say the loan would be used to help low-income families cope with the impacts of the Covid19 pandemic South Africans question why South Africa needs another loan and fear […]

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Nigeria: The dark shadow behind the food pyramids

It is time to move towards more modern entrepreneurship in the Nigerian agricultural sector. It’s time to admit that the era of food pyramids is long gone, especially not government-inspired ones. Today, the pyramids only cast shadows of a bygone past. The agricultural sector currently employs the majority of the Nigerian workforce, most of whom […]

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Foreign investors worried about deadlock in parliament – ​​MoF

The Ministry of Finance (MoF) has revealed that foreign investors and market participants are nervous following the deadlock in Parliament over the passage of the Electronic Direct Debit Bill. According to the department, the market now seems to be integrating into our obligations the perceived risks of having a weak majority in Parliament and the […]

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SIMON BOWERS – Dark Money: Pandora Papers shows UK must tackle its corruption-prone industry

Download PDFPrint the article As we reflect on the past year, we look back at five crucial struggles we covered on our Wire service. From nascent movements to established political projects, from bitter defeats to great triumphs, these struggles have taught us invaluable lessons, broadened our political horizons and kindled our hopes for a new […]

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Unlike other parts of the world, prices in China are stable

Unlike other economic powerhouses, China saw prices fall last year, paving the way for the possibility of lower interest rates in support of measures undervalued by the housing crisis.In 2021, inflation was 0.9% (and 1.5% year-on-year in December and 2.3% in November), according to the National Statistics Office.This is a very slow pace compared to […]

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Slog AM: Omicron hits the South, Democratic Senate hinges on voting rights, Kent Cop who posted Nazi stuff gets slapped on his wrist – Slog

Schumer is considering a filibuster solution to push through voting rights legislation, but at least two Democratic senators stand in his way. Chip Somodevilla / GETTY Garbage collection has not returned to normal: According to a press release from Seattle Public Utilities, workers left Monday morning to pick up our leftovers but “determined there were […]

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Sri Lanka closes three foreign missions as economic crisis deepens

Sri Lanka has temporarily closed three diplomatic missions abroad from December 31 in an attempt to save foreign exchange reserves and cut spending, as the country faces crippling debt. The Sri Lankan High Commission in Abuja, Nigeria, the Sri Lankan Consulate General in Frankfurt, Germany, and the Sri Lankan Consulate General in Nicosia, Cyprus, will […]

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Bangladesh’s aid to Sri Lanka enhances the image and prestige of Bangladesh

Added the 30 december 2021 Other view By: Hafizur Talukdar A few years ago, debt-ridden Bangladesh is now a country of unprecedented success in debt relief. The world today looks at Bangladesh in amazement. Bangladesh only borrowed from other countries or organizations. Now that history has changed and has started lending. Bangladesh has provided loans […]

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Why the Tanzanian shilling held up against the US dollar in 2021

By Rosemary Mirondo Dar es Salaam. The Tanzanian shilling ended the year with a strong performance against the US dollar, thanks to a steady flow of greenbacks from the recovery in tourism, exports and funds from development partners. The local currency started the year with an average exchange rate of Sh 2,298.46 per dollar and […]

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Nairobi abandons plan to renationalise Kenya Airways

The Kenyan government has abandoned its plan to renationalize Kenya Airways (KQ, Nairobi Jomo Kenyatta) but will instead protect its financial interests in a $ 1 billion restructuring of the national carrier which will include a debt assumption of $ 827 million and an injection of funds of $ 473 million. , revealed the International […]

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Bangladesh’s assistance to Sri Lanka strengthens its image and prestige

Bangladesh, riddled with debt a few years ago, is today a country of unprecedented success in debt relief. The world today looks at Bangladesh in amazement. Bangladesh only borrowed from other countries or organizations. Now that history has changed and has started lending. Bangladesh has provided loans to Sri Lanka and Sudan. Bangladesh first loaned […]

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Angola: IMF Executive Board Completes Sixth Review of Angola’s Extended Credit Facility Agreement and Concludes 2021 Article IV Consultations

Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the sixth review of Angola’s economic program supported by an expanded arrangement under the Fund’s Extended Facility (EFF) and concluded consultation under Article IV [1] with Angola. The Council’s decision authorizes an immediate disbursement of SDR 535.1 million (approximately $ 748 million), […]

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Oil shocks test the courage of Nigerian banks

When the coronavirus pandemic caused global oil prices to plummet and the Nigerian currency, the naira, to fall last year, many feared the worst for the country’s biggest banks. Nigeria is Africa’s largest oil producer. It depends on crude for almost all of its foreign exchange earnings and about half of its government revenue. As […]

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IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies and Common Policies in Support of Member Countries’ Reform Programs

Download logo The IMF Executive Board concludes annual discussions on CEMAC common policies and common policies in support of member countries’ reform programs. The pandemic crisis which lasted nearly two years left CEMAC in a fragile external position. A stricter political stance, high oil prices and renewed commitments by heads of state to accelerate structural, […]

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Anglo-Portuguese alliances and ruptures – Part 6: 20th century

In 1902, King Edward VII of England paid a state visit to Lisbon. He reaffirmed the old alliances and agreed with the advisers (the regenerating party) of King Carlos I to restructure the Portuguese debt to foreign bondholders at a fixed rate of 3%. This ended a precarious financial crisis Portugal had suffered for a […]

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Center to Release 5 Million Barrels of Crude Oil from Strategic Reserves, Auto News, ET Auto

The Union Minister said the government regularly reviews high oil and diesel prices nationally. New Delhi: Government agreed to release 5 million barrels of crude oil from its strategic oil reserves in consultation with other global energy consumers, Union Minister of State for Oil and Natural Gas Rameswar Teli in a written response to a […]

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Who benefits from the $ 157 million loan approved by the World Bank in June 2021 for Liberia?

December 9, 2021 J Yanqui Zaza of The Perperstive Challenges David Malpass of the World Bank Honorable David MalpassPresident of the World Bank1818 H Street, NOWashington, DC 20433 Re: Who benefits from the $ 157 million loan approved by the World Bank in June 2021 for Liberia? Dear President David Malpass: The public would like […]

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US issues blanket licenses allowing personal remittances to flow to Afghanistan

By Daphne Psaledakis and Jonathan Landay WASHINGTON, December 10 (Reuters) – The United States on Friday formalized guidelines allowing personal remittances to Afghanistan, offering protection to senders and financial institutions against U.S. sanctions against the Taliban as the country faces a humanitarian crisis and collapse economic worsening. The Treasury Department has issued a general license […]

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The Democracy Summit’s missing link is debt transparency

When the Summit for Democracy meets today and tomorrow, leaders from more than 100 countries will focus their collective attention on some of the thorniest challenges facing democratic governments today. Organized around the three pillars of the summit – corruption, authoritarianism and human rights – a “illustrative menu of optionsThe note released by the summit […]

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BRI and the EU’s Global Gateway Strategy | By Dr Mehmood Ul Hassan Khan

BRI and the EU’s Global Gateway Strategy The FEUDS of the international economy have now taken on a new form of engagement in which the international politics of power will play an important role. It seems that in the new global arena, everyone has their own Silk Road. Almost a decade after Chinese President Xi […]

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Stocks to rebound on Omicron hopes and oil rally

MARKET ENVELOPES To watch: Manufacturing orders / turnover in Germany; Retail sales in Italy; UK Car Registrations, Construction PMI, Household Finances Review, CBI Economic Forecasts; meeting of the Eurogroup of euro area finance ministers; no major company update is expected Opening call: Allaying fears about Omicron’s seriousness should help fuel a rally in European equities […]

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Africa’s ties to China and the West are starting to look similar

WHEN PRESIDENT XI JINPING from China meets African leaders, grandiose demands abound. As such at least, the triennial diplomatic jamboree known as the Forum on Sino-African Cooperation (FOCAC), which was held recently in Senegal, did not disappoint. China and Africa have “forged an indestructible brotherhood,” said Xi, who spoke from China via video. Xi painted […]

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Omicron: the sequel may be more virulent than the infection

Omicron: the sequel may be more virulent than the infection Global economic recovery after the Covid crisis threatened By Anjan Roy The waves of new variations of the old cursed pandemic are bad news for the health of the planet. Moreover, the economic disruption they have created is a double whammy. The only good thing […]

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Liberia: IMF pays $ 23.64 million to Liberia

The International Monetary Fund (IMF) on Wednesday approved immediate disbursement of US $ 23.64 million to Liberia following the completion of the third review under the Extended Credit Facility (ECF). The IMF said restoring macroeconomic stability to lay the foundation for sustainable and inclusive growth and address governance weaknesses remain the main program objectives in […]

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Foreign exchange reserves fall by 21.8 billion shillings on foreign debt payments

Capital markets Foreign exchange reserves fall by 21.8 billion shillings on foreign debt payments Wednesday, November 24, 2021 Central Bank of Kenya. PHOTO FILE | NMG By ELIZABETH KIVUVAMore from this author Summary The latest data from the Central Bank of Kenya (CBK) shows that reserves stood at 996.3 billion shillings ($ 8.873 billion) last […]

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Opinion: FHA should lower mortgage insurance premium

With the presentation to Congress of the FHA actuarial study it’s time to make that call: ATH Secretary Marcia Fudge and President Joe Biden must lower the FHA Premium. Failure to do so results in overcharging first-time homebuyers and especially African American and Hispanic borrowers, the segments of our housing population in need of the […]

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Mantashe clearly expresses its position on the new energy plans for South Africa

Mineral Resources and Energy Minister Gwede Mantashe said the South African government is committed to a “just transition” away from harmful carbon emissions, but will not do so at the expense of economic growth . Addressing the African Energy Week conference in Cape Town on Tuesday, November 9, Mantashe said South Africa had a clear […]

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Live: Climate Summit | Biden Praises Conference Progress, Criticizes China | Live updates

GLASGOW, Scotland – The UK government plans to make the UK ‘the world’s first net zero aligned financial center’ as businesses and investors look to capitalize on the drive to build a low-emission economy. carbon. UK Treasury Chief Rishi Sunak will present the government’s plans in a speech on Wednesday as senior finance officials from […]

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COP26: the “most polluting” and “most corrupt” electricity company in the world could benefit from green funding

One of the achievements in Glasgow is the very first such deal – a pact made by rich countries to finance a developing country’s transition from coal to renewable energy sources. The European Commission has already announced the deal, which involves the US, UK, Germany and France. The beneficiary is South Africa. This is a […]

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Support package says Saudi Arabia has always supported Pakistan, envoy says

Thousands flock to the opening of the Global Town Festival in Riyadh for an experience of dance, food and culture RIYAD: Saudi Arabia’s largest multinational festival opened in the capital Riyadh on Wednesday. Thousands of people gathered at the exhibition center on the Eastern Ring Road for the Global Town Festival, a historical and intercultural […]

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SIBANYE STILLWATER LIMITED – Sibanye-Stillwater to acquire Santa Rita nickel mine and Serrote copper mine in Brazil – SENS

Sibanye-Stillwater to acquire the Santa Rita nickel mine and the Serrote copper mine in Brazil Sibanye Stillwater LimitedIncorporated in the Republic of South AfricaRegistration number 2014/243852/06Share codes: SSW (JSE) and SBSW (NYSE)ISIN – ZAE000259701Issuer code: SSW(“Sibanye-Stillwater” or “Company” or “the Group”) Website: www.sibanyestillwater.com Sibanye-Stillwater to acquire the Santa Rita nickel mine and the Serrote coppermine […]

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Low vaccination rates will slow economic growth in sub-Saharan Africa and restore growth

By ANTHONY KITIMO Sub-Saharan Africa’s economy is expected to grow 3.7% in 2021 and 3.8% in 2022, depending on the success of efforts to curb Covid-19. The International Monetary Fund (IMF) in its October Regional Economic Outlook for Sub-Saharan Africa, One Planet, Two Worlds, Three Stories, released Thursday, shows immunization in sub-Saharan Africa has been […]

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The risks and opportunities of private debt

Evan Gunter and Abby Latour, NEW YORK – In an increasingly credit-fueled global economy, the private debt market has become a new frontier for yield-hungry investors. The close bilateral relations that characterize this market offer unique opportunities for both borrowers and lenders. But the growing investor base and the wide spread of private lending across […]

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Zimbabwe: Government launched compulsory insurance for small farmers

AGRICULTURE financiers need security on investments in agricultural activities of smallholder farmers in light of various climate-induced disasters, an expert said. Agricultural Finance Corporation (AFC) Holdings Acting Managing Director Francis Macheka said bad weather insurance gives financiers a guarantee to recoup their investment in the event of calamities, especially for small farmers considered “high risk”. […]

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Malawi: DPP’s appetite for loans has left Malawi’s economy in dire straits “- State House

According to State House, Malawi is currently swimming in financial shreds due, among other things, to the merciless economic plunder of the former ruling Progressive Democratic Party (DPP) and the main Chakwera administration which is making strides in handing it over. economy on track. Speaking at a bimonthly presidential press briefing in Lilongwe on Monday, […]

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Address the collection premium for sustainable development in Africa

The pandemic slowdown has exacerbated one of the most serious challenges Africa faces on its development path – the high costs of collection premiums – the overvalued risks eternally attributed to Africa, regardless of the improvement in its macroeconomic fundamentals, the global economic environment and the growth prospects of each country. . The global nature […]

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Tunisia: Kais Saied castigates rating agencies

Tunisian President Kais Saied on Thursday accused international rating agencies of using “biased criteria” in assessing the country’s ability to attract investment. This happened during a meeting with Financial Markets Council (CMF) Chairman Salah Sayel, a day after the country’s central bank (BCT) sounded the alarm over declining foreign exchange reserves. , the deterioration of […]

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Economy 2021

The writer heads the Sustainable Development Policy Institute. The Pakistani economy faces a triple challenge: Internationally, it faces soaring prices of essential commodities such as oil, gas, wheat and sugar and unusually high shipping costs. raised on its foreign trade; at the regional level, it is grappling with the economic and financial fallout from an […]

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Congo-Kinshasa: government struggles with vague Chinese mining contract

More than a decade after the Democratic Republic of the Congo signed and, a year later, renegotiated a mining contract with the Chinese, it still faces the question of what is really in there. This month, an Extractive Industries Transparency Initiative (EITI) report is expected to be released and hopefully remove the opacity that has […]

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The Treasury is not transparent with the IMF’s special drawing rights

By guest writer On August 23, the International Monetary Fund (IMF) injected liquidity into all of its member countries worth $ 650 billion in Special Drawing Rights (SDRs). Uganda received the equivalent of Shs 1,200 billion from this injection. This money was allocated according to the participation of member countries in the IMF. Uganda’s participation […]