Tag: loan

This African country is being sued by Russia’s VTB over loan in $2 billion debt scandal

Russian bank VTB is suing the African nation's state-owned company over $535 million it extended as part a series of loans now at the centre of a $2 billion debt scandal.

World Bank approves $450 million loan for Tanzania, what you need to know

The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday, signalling the release of the first tranche of funds to the East African nation that were frozen last year because of concern over government policies.

What you need to know about U.S. EXIM Bank seeking vote on $5 billion loan to LNG project in this African country

The U.S. Export-Import Bank said on Thursday its board intends to vote on a $5 billion direct loan for the development of a liquefied natural gas (LNG) project in this African country.

Kenya seeks 150 billion shilling syndicated loan, what you need to know about

Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion).

CBN’s loan to deposit ratio requirement credit negative for Nigerian banks – Fitch

Fitch Ratings says the requirement for Nigerian banks to have a loan-to-deposit ratio of at least 60 per cent at the end of September is credit-negative for Nigeria's banking sector. Muyiwa Oni, Regional Head; Equity Research at Standard Bank Group joins CNBC Africa for more.

Why BRICS bank is loaning South Africa and China $300 million each

JOHANNESBURG (Reuters) - The New Development Bank, set up by the BRICS group of emerging economies, has approved loans of $300 million for energy projects in South Africa and $300 million for...

African Development Bank grants $218 million loan to Namibia, what you need to know

WINDHOEK (Reuters) - Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the development lender to help the country finance...

What you need to know about the World Bank’s $455mil loan to Tanzania for its power projects

DAR ES SALAAM (Reuters) - The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) programme to support financing of power projects in the East...