Tag: Debt Management
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Namibia’s Local Banks Step Up: N$6 Billion Facility to Refinance Eurobond Debt
Overview: Local Banks Backstopping the Government’s Debt Strategy Namibia’s financial sector has rallied to support a government strategy aimed at stabilizing and refinancing its international debt. Local banks have mobilized a total of about N$6 billion to help settle portions of a multibillion Eurobond liability, underscoring the role of domestic lenders in sovereign debt management.…
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Local banks back Namibia: N$6 billion to settle Eurobond debt
Namibia secures local funding to settle Eurobond debt Namibia has again turned to its domestic banking sector to manage its public debt, with local banks providing a combined N$6 billion to help settle portions of the country’s multibillion-dollar Eurobond obligations. This move underscores the growing role of Namibian lenders in supporting sovereign finance and driving…
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NamWater Faces a N$2.8 Billion Debt Burden Threatening Namibia’s Water Future
Overview of the debt challenge Namibia’s national water utility, NamWater, is grappling with a mounting debt of about N$2.8 billion. The arrears come from a diverse mix of customers, including town and municipal councils, mines, private consumers, rural communities, and other local authorities. This growing unpaid balance poses a serious risk to the utility’s ability…
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Canadians Under 35 Stack Debt as Buy Now, Pay Later Takes Over
Growing Debt Stresses among Canadians Under 35 Finance experts and credit counsellors are sounding the alarm: a rising share of debt trouble in Canada is now concentrated among people under 35. In Calgary and across the country, young adults report mounting balances, high monthly payments, and a feeling that their finances are perpetually behind the…
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Why a Bank Director’s $88k Monthly Earnings Ended in Modest Savings
Understanding the Paradox: High Income, Low Savings It’s possible for someone to bring in a substantial monthly income yet still carry a surprisingly small balance in savings accounts. A case often cited involves a bank executive who earned around $88,000 a month but appeared to have only about $13,000 tucked away in savings during a…
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Why a Bank Director with a Big Salary Had Low Savings: The Hidden Cost of Lifestyle Inflation
Introduction: When a Big Salary Doesn’t Translate to Big Savings It’s a common paradox: a person earns a substantial monthly income, yet savings appear scant. A case in point is a bank director who drew more than $88,000 per month in salary but reported only about $13,000 in savings during a divorce settlement. This situation…
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Stonegate Group Moves to Sell £1bn Worth of Pubs as It Reshapes Portfolio
Stonegate Eyes a £1bn Cash Boost by Offloading 1,000 Pubs Britain’s largest pub group, Stonegate, is reportedly pursuing a significant strategic move: a potential sale of about 1,000 its pubs for roughly £1 billion. The plan signals a bold portfolio rethink as the company navigates changing consumer tastes, rising costs, and the evolving structure of…
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How Ghana’s 2026 Budget Could Transform the Economy, Says Speaker Bagbin
Ghana Set to Use the 2026 Budget as an Economic Transformation Tool Speaker of Parliament Alban Bagbin has emphatically linked the 2026 budget to a broader strategy for transforming Ghana’s economy. Speaking at a Post-Budget Workshop in Accra, he underscored that fiscal policy should do more than balance books; it must actively foster growth, create…
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Pakistan’s Public Debt Reaches Record Rs80.5 Trillion: What It Means for the Economy
Overview: A Record-Breaking Debt Level Pakistan’s public debt rose to a new high of Rs 80.5 trillion by the end of June 2025, according to a written reply from the Finance Ministry to the National Assembly. The disclosure, submitted in response to a query by lawmaker Asif Khan, underscores the continuing fiscal challenges facing the…
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Ghana Won’t Rush Back to Borrowing: Ato Forson Calls for a Break in the Borrowing Cycle
Introduction: A Cautionary Stance on Borrowing Finance Minister Dr. Cassiel Ato Forson has signaled a deliberate shift in Ghana’s approach to financing its needs. In recent remarks, he stated that he has no intention of rushing the country back into the international capital market for loans. The position marks a pivotal stance in a climate…