African countries are having a risky affair with eurobond debt and it could end very badly — Quartz

The financial downturn of 2008, was the single largest catalytic factor compelling Sub Saharan African countries to seek alternative sources of financing for social and infrastructure development. The countries, previously reliant on bilateral loans and grants from both the West and eastern blocs, realized with the downturn that the honey pod had dried up. In…

via African countries are having a risky affair with eurobond debt and it could end very badly — Quartz

Advertisements

Kenya’s largest supermarket has gone bankrupt and rivals are set to snap up its empty stores — Quartz

Kenya’s largest supermarket chain, Nakumatt, has applied to the high court for administration under insolvency laws, in a bid to fight liquidation efforts and shield itself from creditors. The move will come as no surprise to regular Nakumatt customers who have seen stock dwindle in recent months after suppliers cut it off for failing to…

via Kenya’s largest supermarket has gone bankrupt and rivals are set to snap up its empty stores — Quartz

Liberia Ruling Party Contests Result Of Presidential Vote — West African Times

Liberia’s ruling party on Sunday announced a formal complaint against the electoral commission over the outcome of the October 10 presidential poll, days before a runoff involving its candidate, Vice-President Joseph Boakai. A statement released by the Unity Party and two other parties called for “a logical legal conclusion as quickly as permissible under Liberian […]

via Liberia Ruling Party Contests Result Of Presidential Vote — West African Times