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Tag: CORPORATE RESTRUCTURING

Business / Companies

Trump Administration Supports TotalEnergies’ Mozambique LNG Project Amid Controversy

March 15, 2025March 15, 2025 - by Marcus Chen - Leave a Comment

The Trump administration has re-approved a $4.7 billion loan to TotalEnergies for its Mozambique LNG project, despite ongoing violence and political instability in the region. This financing aims to restart …

Trump Administration Supports TotalEnergies’ Mozambique LNG Project Amid Controversy Read More
Companies

US Exim Bank Re-approves $4.7 Billion Loan for Mozambique LNG Project

March 14, 2025March 14, 2025 - by Liam Nguyen - Leave a Comment

The US Exim Bank has re-approved a $4.7 billion loan for TotalEnergies to support the Mozambique LNG project in Cabo Delgado, critical for resuming the halted megaproject. This decision may …

US Exim Bank Re-approves $4.7 Billion Loan for Mozambique LNG Project Read More
Companies

Mozambique’s Dollar Bond Rises Following U.S. Approval of $5 Billion Loan

March 14, 2025March 14, 2025 - by Allegra Nguyen - Leave a Comment

Mozambique’s dollar bond increased nearly 2 cents after the U.S. approved a delayed $5 billion loan for an LNG project. The bond, maturing in 2031, was bid at 80.94 cents …

Mozambique’s Dollar Bond Rises Following U.S. Approval of $5 Billion Loan Read More
Business / Companies

Standard Bank Reports 4% Increase in Annual Profit

March 13, 2025March 13, 2025 - by Liam Nguyen - Leave a Comment

Standard Bank has reported a 4% rise in annual profit to 44.5 billion rand ($2.42 billion) for the year ending December 31. The bank has also declared a final dividend …

Standard Bank Reports 4% Increase in Annual Profit Read More
Business / Companies

Standard Bank Reports 4% Annual Profit Increase

March 13, 2025March 13, 2025 - by Allegra Nguyen - Leave a Comment

Standard Bank of South Africa reported a 4% rise in annual profit, with headline earnings at 44.5 billion rand ($2.42 billion) for the year ended December 31. A final dividend …

Standard Bank Reports 4% Annual Profit Increase Read More
Companies

Development Bank CEO Dr. John Steytler Resigns; John Mbango Appointed Interim Chief

March 12, 2025March 12, 2025 - by Marcus Chen - Leave a Comment

Dr. John Steytler has resigned as CEO of the Development Bank of Namibia, effective immediately, due to new personal interests. Chairperson Evangelina Nailenge acknowledged his impact and contributions while expressing …

Development Bank CEO Dr. John Steytler Resigns; John Mbango Appointed Interim Chief Read More
Business / Companies

IMF Reviews Cameroun’s Financial Programs, Aims for Enhanced Economic Growth

March 12, 2025March 12, 2025 - by Carmen Mendez - Leave a Comment

The IMF Executive Board has completed major reviews of Cameroon’s financial programs, enabling disbursements totaling approximately US$119.4 million. While recovery is ongoing, growth remains subdued, necessitating bold actions to enhance …

IMF Reviews Cameroun’s Financial Programs, Aims for Enhanced Economic Growth Read More
Business / Companies

Mozambique’s Internal Debt Exchange and Rising Debt Concerns in 2024

March 12, 2025March 12, 2025 - by Liam Nguyen - Leave a Comment

Mozambique exchanged 3,694 million meticais of internal debt for new issuance, totaling approximately 52.9 million euros. Despite an upper limit of 5.2 billion meticais, demand totaled 3,744.2 million meticais, showcasing …

Mozambique’s Internal Debt Exchange and Rising Debt Concerns in 2024 Read More
Companies

38th Finance Committee Meeting of Southern University Bangladesh

March 11, 2025March 11, 2025 - by Marcus Chen - Leave a Comment

The 38th finance committee meeting of Southern University Bangladesh took place on Tuesday, chaired by Khalilur Rahman. Key officials in attendance included BoT Secretary Professor Sarwar Jahan, Vice Chairmen Shafique …

38th Finance Committee Meeting of Southern University Bangladesh Read More
Companies

Centenary Bank in Uganda to Offer 5%-10% Stake on Local Stock Exchange

March 11, 2025March 11, 2025 - by Marcus Chen - Leave a Comment

Centenary Bank plans to list 5%-10% of its shares on the Uganda stock exchange, following announcements from two shareholders to exit soon. The bank, which has substantial assets and a …

Centenary Bank in Uganda to Offer 5%-10% Stake on Local Stock Exchange Read More

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