Kenya racing to meet Chinese loan repayment deadline

Through Eric Olander Editor-in-Chief, The China Africa Project Kenyan Treasury officials are undoubtedly worried about what will happen next Thursday. The date marks the end of a five-year repayment holiday granted by the China Exim Bank for the $ 1.4 billion loan used to build the Nairobi to Naivasha Standard …

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PPP loan waiver: it’s complicated – Article

Through: John stanfield The original intention of the Payment Protection Plan (“PPP”) loan program was to provide a simple means of accessing capital quickly during a very uncertain period in our history. With the exception of a few pitfalls which were largely due to the sheer volume of submissions to …

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Banks announce tightening of lending standards in Q3

US banks tightened standards for business and consumer lending in the third quarter amid continued uncertainty over the economic outlook. The Federal Reserve’s quarterly survey of major loan officers found that large net shares of banks said they had raised the bar for commercial and industrial lending to large and …

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