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Tag Archives: credit

MPs adopt committee report on movable assets bill

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have adopted a report by the Legal and Parliamentary Affairs Committee endorsing a bill to facilitate credit for small borrowers and manage the risk of borrowing by the financial sector. The bill is envisaged to make credit affordable for Ugandans. According to …

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German bank caught in DRC colonial land dispute

Frankfurt am Main, Germany | AFP | A German state-owned bank has found itself at the centre of a battle in the Democratic Republic of Congo over agricultural land dating back to the Belgian colonial period, AFP learned Monday. Representatives from nine communities in the DRC last week called on DEG …

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IMF warns of ‘somewhat’ greater global financial risk

New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …

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TS&P cuts South Africa’s credit rating to ‘junk’

Johannesburg, South Africa | AFP | Credit rating agency Standard and Poor’s downgraded South Africa’s rating to junk status on Monday, as the country’s currency continued to slide following a controversial cabinet shuffle. “The executive changes initiated by President Zuma have put at risk fiscal and growth outcomes,” S&P said …

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