Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

Zimbabwe secured a $500 million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said.

Country’s central bank said it secured $500 million loan
Loan will be used to stabilize’s Zimbabwe’s currency market
The Southern African country secured a $500 million loan from the African Export-Import Bank to stabilize its tottering currency market by offering platinum production as collateral, sources say. Continue reading Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

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TRUMP’s FINANCIAL DISCLOSURE: Golden House, Net worth, Income, Golden Bike, Car, Private jet, Helicopter & Lifestyle

TRUMP’s FINANCIAL DISCLOSURE: Golden House, Net worth, Income, Golden Bike, Car, Private jet, Helicopter & Lifestyle

Trump had revenue of at least $434 million in 2018, saw drop in Mar-a-Lago money, new filing reveals

President Donald Trump’s latest financial disclosure report shows he had at least $434 million in revenue last year, but saw a drop in money coming from his Florida luxury resort Mar-a-Lago. The report, released Thursday, is required to be filed annually with the Government Ethics Office. Continue reading TRUMP’s FINANCIAL DISCLOSURE: Golden House, Net worth, Income, Golden Bike, Car, Private jet, Helicopter & Lifestyle

Theresa May’s party slumps to fifth place as pressure mounts for her to go

Theresa May’s party slumps to fifth place as pressure mounts for her to go

“We are at real risk of sleepwalking into remaining in the EU,” Brexit Secretary Steven Barclay wrote in the Sun newspaper.

LONDON (Reuters) – Prime Minister Theresa May’s Conservatives have fallen to fifth place in an opinion poll ahead of the May 23 European parliamentary election as pressure grows for her to set a date for her own departure.

Nigel Farage’s Brexit Party was in the lead, up four percentage points, on 34% while May’s Conservative Party had just 10%, the YouGov poll for the Times newspaper showed. The opposition Labour Party was down five points on 16%.

Two parties which support staying in the EU, the Liberal Democrats and the Greens, were on 15% and 11% respectively.

The collapse in support for the Conservative Party is piling pressure on May to set a date for her departure. Senior Conservatives want May to set out her plans this week. Continue reading Theresa May’s party slumps to fifth place as pressure mounts for her to go

British government spends extra £160m on Brexit consultant contracts

British government spends extra £160m on Brexit consultant contracts

Ministers have spent an “eye watering” £160m on a new round of Brexit contracts. … Deloitte and Ernst & Young are among nine companies whose contracts have been extended, many until April 2020, six months after the UK’s new scheduled exit from the European Union. A further 11 firms have been given brand new contracts. Continue reading British government spends extra £160m on Brexit consultant contracts

Rwanda’s development model wouldn’t work elsewhere in Africa. True or false?

Rwanda’s development model wouldn’t work elsewhere in Africa. True or false?

A quarter of a century ago, in Rwanda, you stood a higher chance of getting flowing blood instead of running water if you opened a tap. That is, of course, if you were in one of the few areas that had access to piped water infrastructure. Elsewhere, poverty, pain and disease festered and the horror of death lurked, awaiting to claim the next victim. And there were many of them! Many stories of the suffering endured during this period are yet to be told in full, and many more will never be told in full for they bring into question the entire concept of humanity itself.

Regardless, a quarter of a century ago, a people decided to defy death, took a stance against an ongoing genocide and fought for freedom, dignity and prosperity. The Rwanda that is familiar in popular imagination today – environmentally clean, economically growing and politically stable – is the result of the sum of all the people who have chosen to be makers of their own history, not bystanders singing redemption songs to a selfish and disinterested international audience. It is a country that has vowed to never again go through the pain and suffering it did, losing over one million lives to ethnic chauvinism. It is also a country that, in building the future it desires, has come under severe criticism at best, and under serious attacks, some of which are – in fact – a threat to national security. Continue reading Rwanda’s development model wouldn’t work elsewhere in Africa. True or false?