PTA Bank

Type: Organization
Name: PTA Bank
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

CABS secures $25m PTA Bank loan

INTEGRATED financial services company CABS has secured $25 million from the PTA Bank for on lending to various sectors of the economy, managing director Kevin Terry said yesterday.BUSINESS REPORTERThe lines of credit would be a boost to the economy which ... [Published Newsday - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Biti wants rand to replace US dollar

RENEWAL Team interim secretary-general and former Finance minister Tendai Biti yesterday called on the government to disband the use of the US dollar (US$) as the official base currency and officially adopt the softer South African rand (SAR) to stimulate ... [Published Newsday - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Rebranded CABS gets $45m for fresh loans

ZIMBABWE’S biggest mortgage lender, Central African Building Society (CABS) says it has secured $45 million in lines of credit from international financiers for mortgage finance and for lending to the struggling local industry.Managing director Kevin ... [Published New Zimbabwe.com - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

S Africa firm plans to raise Sh2bn from Kenya bond market

South African firm Real People Investment Holdings Ltd plans to raise up to Sh2 billion from the Kenya bond market, marking the first time a foreign firm has made such an issue.Real People, listed on the Johannesburg Stock Exchange (JSE), said the bond ... [Published Business Daily Africa - Jul 23 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

OMCS Relevance Probe Completed

THE consultant engaged to evaluate the existence of middlemen in the oil procurement process, has concluded the work and submitted findings to the Government, Energy Permanent Secretary Charity Mwansa has said.Ms Mwansa said in an interview that the Government ... [Published AllAfrica.com - Jul 18 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

Emerging market syndicated loans - news in brief, July 18, 2014

Slavneft Yanos launches $500m loanRussian oil refinery Slavneft Yanos has launched a $500m unsecured loan into the market.Raiffeisen Bank International is co-ordinating the facility, according to two loans bankers away from the Austrian lender."There ... [Published GlobalCapital - Jul 17 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

PTA Bank approaches lenders for $200m deal

The Burundi-headquartered borrower has a $100m two year deal maturing at the end of August, according to Dealogic. It paid a margin of 350bp.Commerzbank, FirstRand and Standard Chartered provided that facility. Banks new to PTA have been approached for ... [Published GlobalCapital - Jul 16 2014]
First reported Jul 14 2014 - Updated Jul 14 2014 - 1 reports

African Equities Cause Investors to Rub Hands

Last year, Africa became the most popular destination for private equity according to the Emerging Markets Private Equity Association .Africa came ahead of Brazil , Russia , India and China and in 2012, Africa was ranked the fifth most popular. Transaction ... [Published HispanicBusiness.com - Jul 14 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Fall of Kwacha hurting extenal obligation - MoF

THE MINISTRY of Finance has complained that the depreciating Kwacha is hurting external obligations which included paying Zambia's diplomats and debt servicing.And the ministry says it will not hesitate to recall idle public funds being kept in commercial ... [Published Zambia Post - Jul 10 2014]
First reported Jul 06 2014 - Updated Jul 06 2014 - 1 reports

Hwange spends $33 million on equipment

HWANGE Colliery Company Limited (HCCL) has acquired equipment worth over US$33 million to improve production to around 300,000 tonnes a month and plans to divide operations into units as the struggling miner manoeuvres to return to the black.In the year ... [Published New Zimbabwe.com - Jul 06 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Mtamangira survives chop

Share this article:HARARE - Mine minister Walter Chidhakwa yesterday retained faith in Farai Mtamangira’s Hwange Colliery Company Limited (HCCL) board amid expectations that the second largest shareholder Nicolas Van Hoogstraten would push for the board’s ... [Published Daily News Zimbabwe - Jul 01 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Zimbabwe: Hwange Eyes Profitability By Year-End

HWANGE Colliery Company Ltd, the country's largest coal miner, expects to turn profitable upon commissioning of new equipment before year-end, an official said.The company has finalised the acquisition of loading and drilling equipment worth $15 million ... [Published AllAfrica.com - Jul 01 2014]

Quotes

"At all levels of governance, it is also important that everyone familiarises themselves with the statutes, regulations and guidelines on management and administration of public funds to ensure that the intended beneficiaries are touched by these resource outlays, in a timely, positive and sustainable manner" said Yamba
"We had planned that a contract miner augments our production but there are delays in terms of that" he said, without giving the reasons for the deferral
...Investments Limited, Dr Rajan Mahtani and other officers of Finance Bank Zambia Limited considerable embarrassment and distress," Mandenakis stated. "I wish to unreservedly withdraw the allegations...as contained in the letters referred above, and express my sadness for having made such statements."
"With such production and estimated monthly revenues of at least $12 million, the company will become profitable and its going concern position will be enhanced."

More Content

All (21) | News (20) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (1)
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Zim economic crisis might last 10 years - Biti [Published The Zimbabwean - Jul 24 2014]
CABS secures $25m PTA Bank loan [Published Newsday - Jul 24 2014]
Biti wants rand to replace US dollar [Published Newsday - Jul 24 2014]
Rebranded CABS gets $45m for fresh loans [Published New Zimbabwe.com - Jul 24 2014]
S Africa firm plans to raise Sh2bn from Kenya b... [Published Business Daily Africa - Jul 23 2014]
OMCS Relevance Probe Completed [Published AllAfrica.com - Jul 18 2014]
Emerging market syndicated loans - news in brie... [Published GlobalCapital - Jul 17 2014]
PTA Bank approaches lenders for $200m deal [Published GlobalCapital - Jul 16 2014]
African Equities Cause Investors to Rub Hands [Published HispanicBusiness.com - Jul 14 2014]
Fall of Kwacha hurting extenal obligation - MoF [Published Zambia Post - Jul 10 2014]
Hwange spends $33 million on equipment [Published New Zimbabwe.com - Jul 06 2014]
Ody’s loses hotel to Finance Bank [Published Zambian Watchdog - Jul 03 2014]
Ody's loses hotel to Finance Bank [Published Zambia Post - Jul 03 2014]
Mtamangira survives chop [Published Daily News Zimbabwe - Jul 01 2014]
Zimbabwe: Hwange Eyes Profitability By Year-End [Published AllAfrica.com - Jul 01 2014]
Access Bank : Mahtani Threatened Access Bank Ov... [Published 4 Traders - Jun 27 2014]
Seychelles : SEYCHELLES signed a pact with PTA ... [Published HispanicBusiness.com - Jun 25 2014]
KISCOL takes off as Kenyan sugar industry grows... [Published World Finance - Jun 23 2014]
PTA Bank issues 1.8 percent shares to Seychelles [Published StarAfrica.com - Jun 21 2014]
Ex-Im Bank Signs $100 Million Agreement with PT... [Published Financial Services - Apr 11 2014]
2nd Somalia Investment Summit (SIS) [Published Somaliland Sun - Feb 14 2014]
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Ex-Im Bank Signs $100 Million Agreement with PT... [Published Financial Services - Apr 11 2014]
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