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Tag: BANK

Companies

Ngafuan Advocates Project Reprogramming to Mitigate USAID Funding Impact

March 22, 2025March 22, 2025 - by Marcus Chen - Leave a Comment

Finance Minister Augustine Kpehe Ngafuan emphasized the urgent need to reprogram government projects amidst reduced USAID funding, launching the GREAT Project supported by the World Bank. This initiative aims to …

Ngafuan Advocates Project Reprogramming to Mitigate USAID Funding Impact Read More
Business / Companies / economics

South Africa’s Interest Rate Freeze Raises Concerns in Property Market

March 21, 2025March 21, 2025 - by Allegra Nguyen - Leave a Comment

The South African Reserve Bank’s decision to keep interest rates at 7.50% is viewed as a missed opportunity for economic relief. Samuel Seeff noted that a rate cut was warranted …

South Africa’s Interest Rate Freeze Raises Concerns in Property Market Read More
Companies

Bank of Ghana Denies MTN Ghana’s Licensing for Cross-Border Transactions

March 21, 2025March 21, 2025 - by Carmen Mendez - Leave a Comment

The Bank of Ghana has denied MTN Ghana’s licensing for cross-border transactions, clarifying that MobileMoney Limited has not been authorized for international money transfers. The only active pilot is BrijX, …

Bank of Ghana Denies MTN Ghana’s Licensing for Cross-Border Transactions Read More
Companies

US Postpones $2.6 Billion Climate Finance for South Africa

March 20, 2025March 20, 2025 - by Liam Nguyen - Leave a Comment

The United States has delayed the release of $2.6 billion in climate finance for South Africa, specifically blocking a $500 million payment from the Climate Investment Funds (CIF). This delay …

US Postpones $2.6 Billion Climate Finance for South Africa Read More
Business / Companies / economics

Brazil’s Central Bank Increases Interest Rate Amid Rising Inflation Concerns

March 20, 2025March 20, 2025 - by Marcus Chen - Leave a Comment

Brazil’s Central Bank has raised its benchmark interest rate to 14.25% for the third consecutive time to address inflation, which has surged to 5.06% due to rising costs in essential …

Brazil’s Central Bank Increases Interest Rate Amid Rising Inflation Concerns Read More
Companies / Politics

Argentina’s Congress Approves President Milei’s New IMF Loan Initiative

March 20, 2025March 20, 2025 - by Sofia Nawab - Leave a Comment

Argentina’s Congress has sanctioned President Javier Milei to negotiate a new IMF loan, building upon an existing $44 billion owed. The approval follows Milei’s proposal for a ten-year loan aimed …

Argentina’s Congress Approves President Milei’s New IMF Loan Initiative Read More
Companies / Politics

Argentina’s Milei Secures Congressional Approval for New IMF Loan Negotiations

March 20, 2025March 20, 2025 - by Carmen Mendez - Leave a Comment

Argentina’s Congress approved President Milei’s request for a new IMF loan to manage existing debt and strengthen currency reserves, despite rising protests against austerity measures. The loan could aid in …

Argentina’s Milei Secures Congressional Approval for New IMF Loan Negotiations Read More
Companies

JLL Facilitates Landmark Debt Refinancing for Hilton Maldives Amingiri Resort & Spa

March 20, 2025March 20, 2025 - by Carmen Mendez - Leave a Comment

JLL has advised on a significant debt refinancing for Amingiri Holdings Pvt. Ltd., which owns the Hilton Maldives Amingiri Resort & Spa. This marks a major expansion of JLL’s services …

JLL Facilitates Landmark Debt Refinancing for Hilton Maldives Amingiri Resort & Spa Read More
Business / Companies / economics

Ghanaian Cedi Remains Stable Against US Dollar; Finance Minister Reports

March 19, 2025March 19, 2025 - by Allegra Nguyen - Leave a Comment

The Ghanaian Cedi has remained stable against the US dollar since February 19, 2025, with a current exchange rate of GH¢15.53 per dollar. Finance Minister Dr. Cassiel Ato Forson reported …

Ghanaian Cedi Remains Stable Against US Dollar; Finance Minister Reports Read More
Companies

POSB Offers Belarus Tractors to Farmers with Flexible Financing Options

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

POSB Zimbabwe has begun selling Belarus tractors to local farmers with flexible financing options. These tractors were procured by the government to enhance agricultural mechanisation. POSB offers several models and …

POSB Offers Belarus Tractors to Farmers with Flexible Financing Options Read More

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