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News
Nature Conservancy Builds Out $4 Billion Finance Team
1+ hour, 13+ min ago (525+ words) What does a conservation group do with a portfolio worth more than $4 billion? It brings in more people to manage it. The Nature Conservancy, an American conservation nonprofit, is expanding the team that runs its Nature Finance operation. That operation…...
Zimbabwe Keeps US Dollar in Play Until Inflation Steadies
1+ hour, 23+ min ago (582+ words) Most countries eventually want their own money to be the only thing you use to pay for stuff. Zimbabwe does not, at least not yet. On Wednesday, August 5, 2026, Finance Secretary George Guvamatanga told business leaders in Harare that the government…...
France, UK to Co-Chair Zimbabwe Debt Talks
20+ hour, 43+ min ago (617+ words) Now two of Europe's biggest economies are stepping in to help. France and the UK have accepted the role of joint leaders for a new forum designed to relieve Zimbabwe's debt burden. Zimbabwe's Finance Ministry announced the move in a…...
Madagascar Hikes Rate to 12.5% on Inflation
22+ hour, 11+ min ago (610+ words) Madagascar's central bank does not make headlines often. On Tuesday, August 4, 2026, it did. Governor Aivo Andrianarivelo and other policymakers lifted the key interest rate from 12% to 12.5%. This rate guides the cost of borrowing across the economy, and it had not moved…...
Eskom Split: South Africa Hires Lender Talk Advisers
22+ hour, 20+ min ago (582+ words) South Africa is moving ahead with a plan to break up Eskom, formally Eskom Holdings SOC Ltd., the government-owned electricity utility. The first step is to appoint transaction advisers who will negotiate with lenders on behalf of the government and…...
Rising Gambling Among SA Workers as Salaries Fall Short
6+ day, 18+ hour ago (289+ words) Here is the problem for a lot of South African households: the paycheck does not stretch far enough. Why are so many people betting? Because they need the money to cover their regular expenses and pay down debt. Lower- and…...
Argentina Gets Credit Rating Upgrade to B3 from Moody's
2+ week, 20+ hour ago (289+ words) Argentina's credit rating just got another lift. Moody's Ratings bumped the country up to B3 from Caa1, a move that puts Argentina further away from the "highly distressed" category. That is the third time in under three months that a major credit-rating…...
Angola Inks $900M Deal with Chinese Firms for Deepwater Term
2+ week, 1+ day ago (222+ words) Angola wants to become more than just an oil exporter, and it just placed a big bet to make that happen. Roque Saraiva, chairman of Barra do Dande Development Co., said, "The money is entirely private sector." The terminal itself…...
World Bank Approves $1.5B Loan for South Africa Infrastructu
2+ week, 2+ day ago (1145+ words) World Bank Approves $1.5 Billion Loan to Revitalize South Africa's Infrastructure and Employment Briefs Finance World Bank Approves $1.5 Billion Loan to Revitalize South Africa's Infrastructure and Employment - The World Bank has approved a $1.5 billion loan to South Africa for infrastructure upgrades....
GoldenPeaks Bankruptcy: $1.6B Debt, Polish Unit Loans Under
3+ week, 1+ day ago (278+ words) GoldenPeaks Capital amassed $1.6 billion in debt from various financial institutions, among them Brookfield Asset Management and NordLB, to fund solar project construction in Poland and Hungary. In May 2026, when GoldenPeaks initiated Chapter 11 proceedings in the US, the filing entities possessed…...