South Africa’s KwaZulu-Natal region is pushing forward with the construction of a concrete wall along the Mozambique border, aiming to tackle vehicle theft and smuggling. This project, supported by both local and national government bodies, commands a budget of 50 million rands ($2.6 million) for barrier installation. A March 6 update revealed more than five […]
Related Posts
Ghana Slashes $5 Billion in Debt: Eurobond Holders Agree to Restructuring
Ghana has secured a major victory in its battle against mounting debt. The West African nation successfully negotiated a deal with Eurobond holders to cut $5 billion from its financial obligations. This agreement marks a turning point in Ghana’s economic recovery efforts. Finance Minister Dr. Mohammed Amin Adam shared the good news at a press […]
Brazil’s Selic cut to 13.25%: Corporate interest rates remain at 20% despite central bank move
The Central Bank has cut the Selic, Brazil’s key interest rate, to 13.25% annually after almost a year without changes. Despite this reduction, corporate loans are likely to continue to have interest rates around 20%. According to the monetary and credit statistics released by the authority for June 2023, the average interest rate for legal […]