On Wednesday June 8, UBA said it had redeemed its debut $500 million five-year Eurobond notes which matured. Note that UBA bank repurchased $310.9 million of the notes in 2021 …
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INVESTMENT
- BusinessINVESTMENTSouth Africa
Jumbo Steel Mill in a multi million dollar investment with New Kisumu Plant
Kisumu, A local steel manufacturer, Jumbo Steel Mill, has invested Sh2 billion in a new mattress and polyvinyl chloride (PVC) water tank factory in Kisumu. The plant which sits on …
- Banking, Finance & InvestmentEconomyINVESTMENTWestern Africa
IMF predicts; Nigerian will spend 100% of revenue servicing debt by 2026
The IMF (International Monetary Funds) has warned that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures …
According to Karpowership, the world’s biggest supplier of floating gas-fired power plants, some South African government agencies have proved difficult to walk with, stalling its projects, creating an inconducive and …
- AfricaBanking, Finance & InvestmentINVESTMENT
How the Monetary Policy Committee Increased Rates of 1.5% can affects your money
The Monetary Policy Committee increased rates in a meeting by unanimously voting to raise the MPR (Monetary Policy Rates) by 150bps to 13.00% in its 3rd meeting of the year. …
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