Tue Mar 15, 2016/Reuters The International Monetary Fund (IMF) has approved two-year standby facilities for Kenya worth about $1.5 billion, which can be drawn on if the East African nation faces unforeseen shocks. “The Kenyan authorities have indicated that they will continue to treat both arrangements as precautionary,” the IMF […]
Tag: $1.5 billion
MTN Offers $1.5 Billion to Settle Nigeria Fine-Reuters
By InvestAdvocate Lagos (INVESTADVOCATE)-South African telecoms firm, MTN Group has offered $1.5 billion to settle a $3.9 billion fine slammed on it by the Nigerian Communications Commission (NCC) for not complying with the deadline to disconnect unregistered SIM card users, according to a Reuters reporting quoting a document sighted. MTN […]
Oando to seek shareholders’ vote to raise 250 bln naira
Nigeria’s Oando plans to seek shareholder approval to raise up to 250 billion naira ($1.5 bln) via debt or equity, the energy company said on Tuesday. Oando plans to hold the shareholder meeting on Feb. 18, it said in a statement, adding that 50 billion naira of the amount will […]
