Tag Archives: credit

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 …

Kampala, Uganda | THE INDEPENDENT | Metropole Uganda (Ltd), a credit reference bureau services provider, is set to unveil an online service that will enable borrowers check their credit ratings via mobile phones. Credit rating reports normally profiles borrowers and their abilities to pay back debt and are therefore used …

  Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …

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 …