Jailed over unpaid debts in Egypt
Today, one in three Egyptians live just above the poverty line. As a consequence, the rate of micro-credit lending has grown, with women the principle beneficiaries. Some 70 percent of loans in Egypt are given to women, but thousands of them fall victim to loan sharks and even end up in prison. FRANCE 24's Ruth Michaelson reports.
5 tips to avoid massive Christmas debt
1. Make a budget and stick with it A budget is helpful in many facets of life. Christmas is no different. 2. Don't forget to budget hidden costs Things like holiday travel, Christmas parties or children's activities are easy to overlook, but are an important part of the budget and more.
Argentina aims to restructure debt
Argentina is pushing creditors for more time to pay back its debts. The country is hemmed into a worsening crisis. President Macri laid out a series of desperate measures to try and lighten the country’s debt load. They will force investors into short-term notes, issued in the local market to accept longer maturities.
Draghi on deck
Bloomberg Real Yield focuses on global issues and events that directly affect debt markets: Bloomberg's Jonathan Ferro sat down with Lisa Hornby of Schroders, Gershon Distenfeld of AllianceBernstein and Invesco’s Noelle Corum to preview next week's market-moving events. Investors have turned their attention to Draghi's next move after mixed data from Europe points to the ECB changing its policy language.
Italy risks up to $4 Billion EU penalty over budget, debt
Francesco Galietti, founder and chief executive officer at Policy Sonar, and David Kohl, head of currency research at Julius Baer, discuss the results of the European elections and a possible disciplinary procedure by the European Commission over Italy's failure to reduce its debt.
Daystar Power raises $10mn for west Africa expansion
Daystar Power says it recently closed a 10 million-dollar equity round and has lined up 16 million dollars in debt financing to accelerate its expansion in West Africa.
Nigeria gets new 4year debt strategy
Nigeria's government released the new National Debt Management Framework for 2018 to 2022. The Debt Management Office stated that the framework was a reference document, as well as a compendium of Nigeria’s key debt management policies and strategies.
Oil marketers threat will create artificial scarcity, Senate warns Nigerian govt
Subsidy Debt: Oil marketers threat will create artificial scarcity, Senate warns Nigerian govt
Egypt finance minister on IMF Program, Reforms, Economy, Debt, Bond issuance
Egypt won't ask for further IMF funding next year, when its $12-billion dollars loan program expires. Finance Minister Mohamed Maait says the economy is now in better shape and he's working to reduce debt and gain investor confidence.