algeria – queues at post office

Ghana proposes $13 billion bond restructuring to address economic woes

Ghana has extended an invitation to holders of approximately $13 billion in international bonds to exchange their holdings for new instruments. This offer follows a preliminary restructuring agreement with two bondholder groups. The deadline for the offer is September 30, with an early deadline of September 20 offering a 1% consent fee for early participants. […]

Morocco’s BCP Bank gets $100 Mln loan from EBRD to mitigate COVID-19 impact

The European Bank for Reconstruction and Development (EBRD) approved on Thursday a $100 million loan to Moroccan “Banque Centrale Populaire (BCP) to support local small businesses affected by the coronavirus pandemic. The loan is the second to the country under the EBRD Solidarity Package, set up to meet the immediate short-term financing needs of existing […]

Algeria: FT Explains Why Business Tycoons Back a Bouteflika 5th Term

The Financial Times has unveiled the reasons behind the support of the corporate barons of the bid of ailing Algerian President Abdelaziz Bouteflika for a 5th term in office despite uncertainties over his health. “The businessmen have been one of the biggest interest groups behind Bouteflika, aged 81-year old. All made their money under him,” […]