Blocked funds: African Century banks on government

AFRICAN Century is optimistic that the government will deliver on its promise to settle legacy foreign debts, which were registered as “blocked funds”. Between 2015 and 2019, a number of companies could not remit payments to foreign suppliers and shareholders due to foreign currency shortages in the country.Advertisements After the introduction of an interbank rate…

Subscribe to read full article. Subscribe today

Related posts

ICT, consumer stocks drive markets growth

Natfoods cries foul over rampant smuggling

Tanganda revamps coffee production

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More