Tag: Eurobond
Business Europe Finance Headlines International

Kenya moves closer to seal EPA deal with EU, while also seeking $1bn loan from China

North Africa PostComments Off on Kenya moves closer to seal EPA deal with EU, while also seeking $1bn loan from China

As Kenya is moving closer to sealing an Economic Partnership Agreement (EPA) with the European Union, the East African economic powerhouse has also announced the possibility of a $1bn loan from China that could be used to help pay off a $2bn Eurobond repayment that is due in June next year. Kenya’s economic partnership deal […]
Business Emerging Markets

A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa

North Africa PostComments Off on A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa

Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and are struggling to service their foreign currency denominated loans owing to a strengthening US dollar, rising global interest rates and that is made worse by their excessive borrowing. Ghana is […]
Business Finance Headlines Tunisia

Tunisia raises 700 million euros on Eurobond market to fund 2019 fiscal budget deficit

North Africa PostComments Off on Tunisia raises 700 million euros on Eurobond market to fund 2019 fiscal budget deficit

Tunisia Wednesday said it succeeded in raising 700 million euros on the financial bond market with an interest rate of 6.37 per cent as it sought to borrow money to cover its 2019 fiscal budget deficit. The ministry of finance in a statement said the North African country will reimburse the bond over seven years. […]