November 15
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Govt Settles K47 Billion Fertiliser Debt
Times of Zambia
GOVERNMENT has released K47 billion towards the payment of a debt owed to Nyiombo Investments Limited and Omnia Small-Scale Limited. Read more »
November 14
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Stop This Binge Borrowing [editorial]
Daily Trust
Indications that President Jonathan is seeking National Assembly approval to obtain an external loan of $7.9 billion to finance projects in the country are worrying. Read more »
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National Housing Company Denies Govt Dividend
New Vision
The Government will not get dividends from the National Housing and Construction Company (NHCC) for its 51% stake, unless it clears outstanding debts with the housing business... Read more »
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GPPC Complains of Old Machines but NAMs Critical of One Million Donation On Gala Dinners
Foroyaa
The management and board of the Gambia Printing and Publishing Corporation (GPPC) in the report submitted to the Public Accounts and Enterprises Committee PAC/PEC of the National... Read more »
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U.S.$7.9 Billion Loan - Nigeria to Pay U.S.$5.4 Billion Charges
Daily Trust
At least $5.34 billion of the $7.9 billion foreign loans being taken by Nigeria will go back to the lenders in form of interests and other charges within the 10-year moratorium... Read more »
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DMO Appoints Stanbic IBTC As Govt Stockbroker
This Day
The Debt Management Office (DMO) has appointed Stanbic IBTC Stockbrokers Limited as government stockholder. Read more »
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DMO Appoints Stanbic IBTC As Government Stockbroker
Leadership
The Debt Management Office (DMO) the federal government agency that issues FGN Bonds, amongst other securities, has appointed Stanbic IBTC Stockbrokers Limited, as the government... Read more »
November 13
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Gambia's External Debt - $400 Million While Domestic and External Debts Increased in 2011
Foroyaa
The Annual Report of the Central Bank of The Gambia submitted to the joint session of the Public Accounts and Enterprises Committees PAC/PEC of the National Assembly, Thursday,... Read more »
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Private Sector Credit Falls, Production Drops
Daily News
THE government's strategy of financing its budget deficit by borrowing from the private sector has had its share of criticism, especially since it caused economic growth... Read more »
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Highest Credit Growth Since 2006
Namibian
CORPORATES and individuals plunged themselves deeper into dept in September, borrowing N$1,2 billion in total, and driving up annual growth in private sector credit extension... Read more »
November 12
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Total Outstanding Domestic Debt Stock Grew to D9.4 Billion in 2011 - CBG Governor Tells PAC/PEC
Daily Observer
The governor of the Central Bank of The Gambia (CBG), Thursday revealed that as at end of December 2011, the total outstanding domestic debt stock grew to D9.4 billion (28.0% of... Read more »
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Need to Stimulate Brokers' Business Through Debt Cancellation
Leadership
Across the economy the macroeconomic authorities have responded to the effect of the global financial crisis on the domestic economy by taking action to curtail losses of key... Read more »
November 11
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Finance Minister Warns States Over Debt
Daily Trust
The Minister of Finance, Dr Ngozi Okonjo-Iweala, has warned governors against excessive borrowing to ensure the economic growth of the country. Read more »
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IMF Delegation in Cairo for Loan Negotiations
Egypt Online
An International Monetary Fund (IMF) delegation arrived in Cairo for negotiations on a loan requested by Egypt. Read more »
November 10
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Banks Being 'Coerced' Into Buying Govt Debt
SW Radio
Threats to commercial banks to either agree to buy Treasury bills or face being forced to do so, are being criticised as unwelcome deliberate coercion by the government. Read more »
November 9
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'Yes, We Owe LIFRA U.S.$18,000.00' - LFA Boss Says
New Republic
The President of the Liberia Football Association (LFA) has admitted to being in serious indebtedness to the Liberia Football Referee Association (LIFRA). Read more »
November 8
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Senators to Jonathan - You're Leading Nation Into Debt Trap
Daily Trust
Senators yesterday criticised President Goodluck Jonathan for seeking $7.9 billion external loan to finance certain projects, saying he was leading Nigeria into a debt trap. Read more »
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Prioritise Grain Debt Payment, Govt Urged
The Herald
The Grain Millers Association of Zimbabwe has urged the Government to prioritise the payment of the foreign grain debt in the 2013 National Budget to ensure that private millers... Read more »
November 7
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New Vision
Africa's economy is in the best shape it has ever been and is attractive to international investors. However, the continent should not squander this with over borrowing and poor... Read more »
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RDCs Named in Acholi War Money Scandal
Observer
As thousands of people in Acholi await compensation for property lost during 20 years of insurgency, it has emerged that their leaders have been dishing out the money to themselves... Read more »
November 6
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Foroyaa
The reason for the depreciation of the dalasi against other foreign currencies is now becoming clearer than ever. Read more »
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Energy Dept Signs Renewable Energy Agreements
SAnews.gov.za
Government has signed the first agreements with independent power producers (IPP) that will see 1 400 megawatts of renewable energy being produced to meet the country's energy... Read more »
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Mangoma's Sterling Work Irks Zanu-PF [press release]
MDC
The availability of electricity in the country is set to improve significantly following the clearing of the Zimbabwean import debt on electricity, the Minister of Energy and Power... Read more »
November 5
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Company Secures U.S. $60 Million Debt for Towers
EA Business
Eaton Towers, the African tower ownership and Management Company, has secured $60m in debt financing from Standard Bank Group, acting through Stanbic Uganda, and the International... Read more »
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Debt Ratio of World's Best Economies Five Times Higher Than Nigeria's - DMO
Vanguard
Director General of Debt Management Office, DMO, Abuja, Dr. Abraham Nwankwo, has said the debt ratio of most developed countries as China, India, Britain and Germany, with the... Read more »
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