African Reserves Loans

Staff of the International Monetary Fund (IMF) conclude their visit to Burundi

Burundi’s economy remains resilient, although it faces headwinds from the effects of the war in Ukraine. Real GDP is expected to continue growing in 2022 and beyond. Inflationary pressures remain high, driven by rising food and energy prices; The current account deficit is expected to widen in 2022, mainly due to a higher import bill […]

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The average student borrower will see their monthly bill drop to as much as $300 a month when payments resume, says Department of Education

of President Joe Biden student loan relief will provide further relief to some borrowers when payments resume in January, according to the Department of Education. In a video released on Monday, CJ Powell, chief of staff for the Office of Post-Secondary Education, explained what borrowers can expect next year. For those who still have a […]

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Poverty and inflation: Egypt’s economy hit by global turmoil

DUBAI, United Arab Emirates (AP) — Stores sell last season’s winter clothes in the middle of summer. Repair shops lack spare parts for appliances. There is a waiting list to buy a new car. Egypt, a country of more than 103 million people, is running out of foreign currency needed to buy essentials like grain […]

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EXPLANATOR | Who sets interest rates and how do they affect me?

Interest rates are the percentages at which you pay interest on a loan or earn interest on the money you save. The South African Reserve Bank sets a key interest rate known as the repurchase or repurchase rate, which is increased or decreased to manage inflation and the value of the rand. Banks borrow money […]

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US urges China to tackle growing risk of global debt distress By Bloomberg

© Bloomberg. BEIJING, CHINA – MARCH 04: Red flags flutter near the Chinese national emblem outside the Great Hall of the People where sessions of the Chinese People’s Political Consultative Conference and the National People’s Congress are held on March 4 March 2014 in Beijing, China. (Bloomberg) – A senior US Treasury official has urged […]

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Pandemic Readiness Test Failed

Mariana Mazzucato, LONDON – The pandemic is not over. While the summer of 2022 is very different from the summer of 2020, because we now have vaccines, treatments and a better understanding of the virus, that is not enough. Every week, 15,000 people still die from COVID-19. Poorer countries are still struggling to deploy vaccines, […]

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Power sector crisis threatens business and economic growth – NACC boss

Acting Director General of the Nigerian-American Chamber of Commerce, Wofai Samuel, in an interview with KOLAWOLE OLANIYIdiscussed relevant issues affecting the Nigerian economy and the role of the chamber in promoting trade Nigeria’s annual inflation rate rose to 19.64% in July 2022, the highest since September 2005. Meanwhile, the national debt reached N41.6 billion in […]

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China’s moves in Zambia could offer a hint of restructuring in Sri Lanka

Protesters in Colombo, Sri Lanka on April 18, 2022. (Buddhika Weerasinghe/Bloomberg) Holders of defaulted Sri Lankan bonds are keeping one eye on the South Asian nation’s biggest creditors and the other on an African debt deal for clues as to how the restructuring might unfold. A $2.9 billion preliminary loan with the International Monetary Fund […]

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Priorities of agricultural groups’ aerial farms – AgriNews

SPRINGFIELD, Ill. – Crop insurance protection, market access and nutrition programs were among the top priorities expressed during a hearing session on the farm bill held on Farm Day. Illinois State Fair Agriculture Aug. 16. U.S. Representative Cheri Bustos, D-Ill., heard feedback from representatives of seven farm groups and several participants at the session hosted […]

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BMO Harris BNP faces Fed Qss after admitting misinformation on labeling now confidential responses

BMO Harris BNP faces Fed Qss after admitting misinformation on labeling now confidential responses By Matthew Russell Lee, Patreon StoryBBC – gbritish tutor – Honduras – ESPN FED COURT/S Bronx, Sept. 2 — Whether the U.S. Community Reinvestment Act will actually be enforced under the administration and its regulators remains an open question. Consider: Inner […]

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Zambia’s debt relief will combine haircuts and maturity extensions

Join now for FREE unlimited access to Reuters.com Register LUSAKA, September 1 (Reuters) – Zambia’s debt restructuring will consist of a mix of haircuts on the initial value of loans and maturity extensions, a senior Zambian finance ministry official said on Thursday, after the Fund has approved a $1.3 billion program for the southern African […]

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Agusto & Co forecasts 16.5% growth in loans to the banking sector

Agusto & Co. Limited, a pan-African credit rating agency and market intelligence provider, forecast lending in the banking sector to increase by 16.5%. It revealed this in its “2022 Nigerian Banking Sector Annual Report”, which provided a comprehensive review of the Nigerian banking sector and near-term expectations for the industry. He said, “Agusto & Co. […]

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Central Bank exposes Egypt’s external debt in Q1 2022

Egypt’s external debt recorded $157.8 billion in March 2022, up about $19.9 billion from June 2021. Despite the 22-year increase in net loan and facility disbursements, $2 billion, the depreciation of the other currencies comprising the foreign debt exchange rate vis-à-vis the US dollar resulted in a $2.3 billion decline in the book value. Breakdown […]

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Grindrod achieves strong intermediate performance

JSE-listed Grindrod delivered a strong performance for the six months ended June 30, delivering good earnings growth across its core businesses. This was underpinned by strength in mineral commodity markets and Grindrod Bank continues to perform well thanks to favorable net interest margins, the outgoing CEO said. Andre Waller said during a presentation of the […]

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Inflation is slamming blacks in the US – here’s how to slam back

By ReShonda Tate, Defender News Network With prices hitting the highest rates the United States has seen in more than 40 years, black families are bearing the brunt of inflation. Researchers say black families will suffer the most because they lag behind their white counterparts in income, wealth, financial savings and home ownership. However, with […]

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Five things to know to start your Monday

FG to address tariff deficits in the electricity sector The federal government said it had begun to take steps to address tariff shortfalls in the electricity sector. Vice President Yemi Osinbajo made the remark during his speech at the inauguration of the Nigeria Electricity Liability Management Company (NELMCO) Board of Directors. The Vice President said […]

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Cryptocurrency has been touted as the key to black wealth creation. But critics say the investment is too high a risk.

At the time, Williams didn’t know much about cryptocurrency but decided to invest just over $200 to see where it would take him. “Nobody knew what it was,” Williams said. “But it was going to change the world. So I was drinking a lot of crypto Kool-Aid.” Cryptocurrency – decentralized digital currency such as bitcoin […]

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William Ruto charts new economic course after Kenyan election victory

William Ruto’s victory in Kenya’s hotly contested presidential election – billed as a battle between ‘scammers’ and ‘dynasties’ – will herald a new dawn for East Africa‘s most stable democracy, assuming the result be upheld by the Kenyan courts. In a contested election, Ruto, the current vice president, cast himself as an anti-establishment outsider and […]

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FirstFT: New UK lender plans 50-year fixed rate mortgages

This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every weekday morning Hello. A new lender has won a license from UK financial regulators to offer fixed-rate mortgages of up to 50 years in a bid to help borrowers […]

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Turkmenistan’s energy relations with China: an important energy link

Mozambique is increasingly stepping up its efforts in the production of liquefied natural gas and therefore becoming one of the suitable reliable suppliers of Europe. While it may not replace Russia cutting gas exports as a reciprocal action against members of the European Union, Mozambique is ultimately seeking revenue from its natural resources. Mozambique’s National […]

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India has opportunity to regain influence in South Asia – The Diplomat

Advertising Sri Lanka’s economic crisis has led to the fall political and socio-economic consequences for the residents of the island nation. But beyond its effects on national stability, this crisis also has important implications for energy competition between India and China in South Asia. The current situation could hamper China’s intention to increase its regional […]

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AIR LEASE CORP MANAGEMENT REPORT OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

The following discussion and analysis of our financial condition and results of operations should be read together with our Consolidated Financial Statements and related notes included in Part I, Item 1 of this Quarterly Report on Form 10-Q. Insight Air Lease Corporation (the “Company”, “ALC”, “we”, “our” or “us”) is a leading aircraft leasing company […]

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Emerging markets hit by record slew of foreign investor withdrawals

Foreign investors have withdrawn funds from emerging markets for five consecutive months in the longest streak of withdrawals on record, underscoring how recession fears and rising interest rates are rocking developing economies. Cross-border outflows by international investors in emerging market stocks and domestic bonds reached $10.5 billion this month, according to preliminary data compiled by […]

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Chinese yuan eases on COVID concerns ahead of political meetings

SHANGHAI, July 25 (Reuters) – The Chinese yuan eased against the dollar on Monday as COVID-19 cases in the country’s trading hub continued to weigh on sentiment ahead of major policy meetings at home and abroad. Investors remain worried about possible major disruptions to economic activity after Shanghai ordered residents of nine of the city’s […]

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Ghana’s balance of payments deficit hits nearly $2.5 billion in June

Ghana’s balance of payments deficit widened to nearly $2.5 billion in June from $935 million in the first quarter, central bank data showed on Friday. It also showed that foreign exchange reserves fell to less than $3.6 billion from $5.1 billion during the same period. The figures underscore the dismal state of the Ghanaian economy, […]

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Russia shuns US dollar further as it seeks deals with Iran and Turkey using local currencies

President Vladimir Putin traveled to Tehran on Tuesday to meet with the leaders of each nation, and Turkish President Recep Tayyip Erdogan planned to discuss a Russian energy deal denominated in currencies other than the dollar, sources told Bloomberg. According to the report, Turkish officials said the two countries were in talks for a trade […]

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World Bank warns Zim against mortgaging mineral resources

TATIRA ZWINOIRATHE World Bank (WB) has warned Zimbabwe against seeking resource-backed loans as part of ongoing efforts to stem prolonged downturns. International financiers have avoided expanding into Zimbabwe citing a high country risk profile precipitated by over-indebtedness. New data this week showed Zimbabwe’s debt rose to 1.860 billion Zimbabwean dollars (US$17.15 billion) in 2021, from […]

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The FMCG Market Metaverse is Expected to Grow at a CAGR of 21.8% by 2026, Market Dynamics, Segmentation Assessment and Key Players

NEW YORK, July 11, 2022 /PRNewswire/ — FMCG Market Size Metaverse Expected to Grow by $2.11 billion from 2021 to 2026 to a 21.8% CAGR according to Technavio’s latest market report. One of the major metaverses in the fast-paced consumer goods market trends that are expected to positively impact the industry during the period of […]

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How India hopes to counter China with ‘unprecedented’ support for Sri Lanka in crisis | India News

NEW DELHI: India on Sunday said Sri Lanka was at the center of its “neighborhood first policy” and said it stood with the people of the indebted country at a time of crisis. The Foreign Office statement – the first reaction since protests escalated this week – comes at a time when the island nation’s […]

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Banking Risk Monthly Outlook: July 2022

Our banking risk experts provide insight into the events that will impact the emerging markets financial sector in July. Pakistani banks are further supporting public finances by buying more sovereign debt, which affects their ability to disburse more loans Extended public moratoriums or new support measures for borrowers in Central Europe and the Balkans […]

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Algeria will review gas prices with all its customers

RIYADH: The Red Sea Development Co. has signed a joint venture agreement worth SR1.5 billion ($400 million) with Almutlaq Real Estate Investment Co., a subsidiary of Al Mutlaq Group. Under the agreement, the two companies will develop the Jumeirah Red Sea, a 159-hotel luxury resort located on the central island of the Red Sea destination, […]

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Germany signs deal to return Benin bronzes to Nigeria

Nigeria negotiates the return of Beninese bronzes from several European countries, including Germany Adam BERRY Text size Germany on Friday signed an agreement to begin returning hundreds of Beninese bronzes to what is now Nigeria, endorsing the biggest effort ever by a European country to return the looted artworks. Foreign Minister Annalena Baerbock and Culture […]

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The key to climate action could be debt cancellation

It should be pretty clear to everyone that solving the climate challenges of an overheated planet will require cooperation among all nations. It might be hard to imagine such a thing today, with lunatics running things in Brazil, Hungary, Saudi Arabia, North Korea, India, Afghanistan, Turkey, Azerbaijan, Turkmenistan and in Russia, to name a few. […]

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Chelsea move to Kounde rises as Barcelona pull out, Rabiot and Militao LATEST, Richarlison ‘£50m offer prepared’

PSG blow for Chelsea and Spurs against Skriniar Chelsea and Tottenham have been dealt a blow after Paris Saint-Germain launched an improved second offer for Milan Skriniar, according to reports. Both Premier League sides are desperate for defensive reinforcements this summer. Spurs have qualified for the Champions League after a three-year absence and will need […]

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Zimbabwe: Editorial Commentary – Fundamentals Fixed, So Scammers Must Reform

THE fundamental fundamentals of the Zimbabwean economy are in place: the government of the Second Republic is living within its means for the first time since independence with borrowing limited to 1.5% of gross national product and even then only for expenditure income-generating investments. The balance of payments is positive, so we earn more currency […]

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The Polish council will organize a vote to fill a vacant seat | News, Sports, Jobs

POLAND — The village council postponed a special meeting to 8 p.m. Tuesday to elect a council member for the remainder of Anthony Lattanzio’s term, who has resigned. Four villagers applied for the job. The meeting was originally scheduled for 6 p.m., but due to scheduling conflicts, it was moved to 8 p.m. […]

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As Toronto Dominion bid to buy first horizon hit by Pols, disparities raised by Fair Finance Watch

As Toronto Dominion bid to buy first horizon hit by Pols, disparities raised by Fair Finance Watch By Matthew Russell Lee, Patreon Maxwell’s BookBBC – gbritish tutor – Honduras – ESPN SDNY/SOUTH BRONX, June 15 – Seemingly unaware of U.S. regulators’ stated desire to tighten their merger review rules, particularly on fair lending, Toronto Dominion […]

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Zimbabwe holds Africa’s largest lithium reserves

Zimbabwe holds the largest lithium reserves in Africa, the fifth largest in the world, with its province of Masvingo hosting the Bikita mine – site of the world’s largest known metal deposit at around 11 million tonnes. The resource, however, remained largely untapped for decades due to a lack of investment. But growing global demand […]

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Environmental costs aside, the Musina-Makhado Special E…

The architects of the “Musina-Makhado Special Economic Zone” promise deliverance to impoverished Limpopo and proclaim themselves visionaries who will give birth to the Witwatersrand of the next century, built not on gold, but on steel and coal. In reality, control of a pristine part of South Africa has been ceded to a Chinese businessman of […]

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Russia abandons Zimbabwe’s largest platinum project – Eurasia Review

Several reports monitored this month confirmed that the Russians had abandoned their lucrative platinum project contract which was signed for US$3 billion in September 2014, the platinum mine located in a sun-scorched location about 50 km northwest of Harare, the Zimbabwean capital. The reasons for the abrupt termination of the bilateral contract have still not […]

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Prominent Republican lawmaker says she is ‘seriously concerned’ that Biden is not ready to implement his ‘grand’ student loan forgiveness proposals

A top Republican lawmaker joins millions of student loan borrowers in wanting to know what kind of relief President Joe Biden plans to implement. On Wednesday, GOP Rep. Virginia Foxx, the most Republican on the House Education Committee, wrote a letter to Education Secretary Miguel Cardona, asking for more information on the broad student loan […]

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Sanctions fatigue is the next hurdle to confronting Putin

Placeholder while loading article actions The momentum behind Western sanctions against Vladimir Putin is waning. Even as the European Union toasts its toughest restrictions yet against the Russian war machine – including a partial ban on oil imports – concessions are mounting, ranging from exempting crude oil to removal of Putin’s favorite cleric from the […]

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Congolese auditor says $400m disappeared from state mining company

Machinery is seen at the copper plant of Congolese state mining company Gecamines in Kambove, in the southern Katanga region January 31, 2013. REUTERS/Jonny Hogg Join now for FREE unlimited access to Reuters.com Register KINSHASA, June 4 (Reuters) – More than $400 million in tax advances and loans that Democratic Republic of Congo’s state-owned mining […]

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Promoting sustainable growth in Africa in the post-COVID-19 era

Children warmed by a fire in a camp for displaced people in Yemen, January 11, 2022. /CFP Children warmed by a fire in a camp for displaced people in Yemen, January 11, 2022. /CFP Editor’s note: Hamzah Rifaat Hussain, a former visiting scholar at the Stimson Center in Washington and a former research assistant at […]

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Elections in Kenya: Ruto and Odinga clash for the presidency

Kenya’s upcoming presidential election could mark the seventh time its citizens have voiced their opinions at the polls, but polls in East Africa‘s powerhouse still have the international community grimacing. With the August election already a tense two-horse race between Vice President William Ruto and former political prisoner and veteran presidential candidate Rail Odinga, onlookers […]

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Minnesota Legislative Session 2022: What’s Happening?

A special session is “likely” after state lawmakers failed to finish discussing key proposals before the deadline expired early Sunday morning. Gov. Tim Walz was due to meet with legislative leaders to discuss a timeline for carrying out these actions, as the DFL and GOP seek to reach an agreement on tax cuts and spending […]

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StanChart earnings rise on negative loan provisions

By JAMES ANYANZWA Standard Chartered Bank Kenya boosted its profits in the first quarter of 2022 by making a negative provision for loan losses in hopes of an economic recovery from the adverse effects of the Covid-19 pandemic. The lender, which is listed on the Nairobi Stock Exchange (NSE), recorded a negative loan loss provision […]

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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 […]