Category: LOAN

Ugandan authorities and the International Monetary Fund are negotiating a new loan package to succeed the $1 billion extended credit facility approved three years ago. Bloomberg News’ Jennifer Zabasajja discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg)

The European Bank of Reconstruction and Development (EBRD) has approved a loan of $130 million (€119.5 million) for Coca-Cola HBC to finance its CapEx and working capital requirements. The loan will further Coca-Cola HBC’s investment in people development and sustainable business practices in Egypt, the bottler noted. The company will also receive an additional $750,000…

Brokerage house Nomura on Wednesday said that the home loan industry is expected to more than double in the next five years with mortgages growing at a clip of 15% over the next decade. Favourable demographic dividend, rising income levels, acute housing shortage and the government’s push for affordable housing via several schemes suggest housing…

A man recently wrote on X seeking help from Finance Minister Nirmala Sitharaman and saying that he was constantly getting calls from a finance app over loans which he had not taken and claimed that he was subjected to vulgar language. He wrote, “@FinMinIndia @nsitharaman sir, there is a finance app @navifinance which is torturing…

The country’s biggest bank has cut retail interest rates in the wake of softer than expected inflation numbers. ANZ has cut home loan and term deposit rates between 10 and 30 basis points (BPS). The popular one year fixed special mortgage rate is falling 29 basis points to 6.85 percent, and the two year rate by…

Today, there are an estimated 33 million small businesses in the U.S., according to the U.S. Small Business Administration (SBA). In fact, according to the U.S. Census Bureau, over the last three years the average number of new business applications has reached 440,000, a 46% increase between 2017 and 2020. These businesses need fast, affordable…

Energy is at the core of development. Energy makes investments, discoveries and new areas of the economy that promote justifiably growth and employment which generate a shared prosperity on this cleaner Earth possible. However 2.1 billion people still depend on traditional fuels and technologies worldwide while 685 million globally do not have access to electricity.…

India defender Anwar Ali, who signed a five-year deal with East Bengal after unilaterally terminating his loan deal with Mohun Bagan Super Giant, moved to the Player Status Committee of the All India Football Federation (AIFF) on Wednesday. “Anwar has moved to the Player Status Committee (PSC), seeking a quicker closure around his transfer. We…

The Reserve Bank of India has recently said that lenders should give defaulting borrowers enough time to respond before they are classified as “fraud accounts”. The necessary action has been taken to ensure adherence to the principles of natural justice, a fundamental aspect of which is affording both parties involved in a dispute the opportunity…

Sen. John Thune, R-S.D., says JD Vance enhances Republicans’ ability to connect with Americans; more details more from the RNC. Former President Trump’s pick to serve as his running mate on the Republican ticket this year, Ohio Sen. JD Vance, has been a staunch critic of the Biden administration’s student loan handout as part of…