ABIMIMA

By Chijioke Ohuocha ABUJA - Nigeria plans to raise $3.5 billion in foreign loans including from the World Bank and from international debt markets to help fund its 2017 budget deficit, the head of its budget office told Reuters on Wednesday. The country is in its second-year of recession brought on by low oil prices, which has slashed government revenues, hammered the naira currency and it has struggled to raise funds from concessionary organisations such as the World Bank. [ 326 more words ]

https://abimima.com/2017/05/18/nigeria-to-raise-3-5-bln-in-foreign-loans-eurobonds-in-2017-budget-head/

Nigeria to raise $3.5 bln in foreign loans, Eurobonds in 2017: budget head By Chijioke Ohuocha ABUJA  – Nigeria plans to raise $3.5 billion in foreign loans including from the World Bank and from international debt markets to help fund its 2017 budget deficit, the h…

By Aziz El Yaakoubi, Julia Payne and Libby George DUBAI/LONDON - Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600 million in loans they issued to the plant before it went bankrupt, industry sources said. Two sources close to the process said the Moroccan government wanted at least $2 billion for the plant at Mohammedia, on the Atlantic coast near Casablanca. [ 624 more words ]

https://abimima.com/2017/05/18/glencore-carlyle-team-up-to-rescue-bankrupt-moroccan-refinery/

Glencore, Carlyle team up to rescue bankrupt Moroccan refinery By Aziz El Yaakoubi, Julia Payne and Libby George DUBAI/LONDON – Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco’…

BANJUL, GAMBIA - The African Export Import Bank (Afreximbank) will invest up to $500 million in Gambia, its president said, an economic boost to the impoverished West African country ostracized by investors under former president Yahya Jammeh. The money will go towards tourism, infrastructure and agriculture in the tiny riverside country of about 2 million people whose finances are in disarray following what a new government has described as widespread fraud by Jammeh. [ 197 more words ]

https://abimima.com/2017/05/18/african-export-import-bank-to-invest-up-to-500-mln-in-gambia/

African Export Import Bank to invest up to $500 mln in Gambia BANJUL, GAMBIA – The African Export Import Bank (Afreximbank) will invest up to $500 million in Gambia, its president said, an economic boost to the impoverished West African country ostraciz…