Government is in talks with Standard Chartered Plc. and Standard Bank Group Ltd. for a bridge loan of $750 million and will repay the facility with the proceeds of a Eurobond sale. The finance ministry listed the proposal for a syndicated loan in Friday’s parliamentary order papers and said it is intended to “fund or
CEO of Citi bank in the Middle East and Africa, Atiq Rehman has revealed the bank’s intention to help the government with its planned initial public offering (IPO)programme. The government is launching an IPO programme that will offer minority stakes in dozens of state-owned companies over the next three to five years, in areas such
Egypt’s Minister for planning, Monitoring and Administrative Reform, Hala Al-Saeed, has disclosed that Egypt has applied huge efforts on water security issues as part of implementing the 2030 sustainable development strategy Speaking at a conference held recently to represent the country’s Voluntary National Repot (VNR), Al-Saeed said many representatives of the international institutions and development
The Egyptian government has decided to change its contract with, German conglomerate company, Siemens to create a wind energy stations with a capacity of 2000 MW and investments worth €2bn. The wind energy stations is expected to operate according to the build, own, operate (BOO) system instead of the EBC Finance system. According to reliable
Government has promised that proper mining measures will be adopted to ensure environmental destruction is eliminated. The assurance from the Ministry of Environment, Science, Technology and Innovation is in response to civil society concerns about extraction of minerals and its negative impact on the country’s forest reserve. It comes as government finalise the arrangement to
The Managing Director of Activa International Insurance Company, Solomon Lartey, has prompted Government to sign onto the African Trade Insurance (ATI) initiative, a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. The ATI offers specific insurance products designed to promote and protect investments in Africa
According to Executive Chairman, Babatunde Fowler, who said. The Federal Inland Revenue Service (FIRS) realized about N1.171 trillion between January and March this year. He said the amount was about N393 billion, or 51 per cent more than the N778.1 billion the Service collected in the corresponding period in 2017. The Chairman was speaking during
Indigenous financial institutions must be made to handle big-ticket government transactions to build their capacity and to truly transform them as enablers of growth, John Awuah, Chief Executive Officer of UMB has advocated. “I think there must be a deliberate national policy [to build the capacity of Ghanaian banks]. Just as we talk about buying
