Lake Chad

Glencore, Chad Are Said to Deadlock on $1 Billion Debt Deal

Posted on by The Editorial Team
Glencore, Chad Are Said to Deadlock on $1 Billion Debt Deal

JOHANNESBURG (Capital Markets in Africa) – Talks between Chad, Glencore Plc and a group of banks to restructure more than $1 billion in debt have stalled after the African nation rejected the commodities trader’s latest proposal to delay repayment of an oil-for-cash loan, according to people familiar with the negotiations. The negotiations reached a stalemate after five months of on-and-off talks, with both sides rejecting the other’s offers and counter offers, said the people, who asked not…

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IMF Staff Completes discussions with the Central African Economic and Monetary Community

Posted on by The Editorial Team
IMF Staff Completes discussions with the Central African Economic and Monetary Community

London, (Capital Markets in Africa):- A team from the International Monetary Fund (IMF), led by Mario de Zamaróczy, visited Libreville and Yaoundé during April 23–May 7, 2015 and held discussions with the institutions of the Central African Economic and Monetary Community (CEMAC1) on common policies for member countries. Mr. Bernard Laurens, mission chief for the CEMAC Financial Sector Assessment Program, joined the mission to discuss financial sector reforms to promote stability and development. At the…

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