Nigeria's Debt Woes: From Optimism to Worry Despite IMF Repayments #WestAfrica #debt #IMF #Nigerias #optimism #Repayments #Woes #Worry
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$16 BILLION FTX repayments start Feb 18th! 
Bullish signal for crypto IMO. #FTX #Crypto #Repayments #Bitcoin #Bullish
California revokes BlockFi’s lending license 2 years after bankruptcy - Bankrupt and now defunct BlockFi has entered into a settlement agreeing ... - https://cointelegraph.com/news/california-revokes-blockfi-license-2-years-bankruptcy #californiafinancinglaw #cryptolending #california #bankruptcy #repayments #cfllicense #blockfi #loans #dfpi #ftx
Mt. Gox makes $35M BTC transfer to unmarked addresses - Around 500 BTC has been moved from a Mt. Gox-associated address but it i... - https://cointelegraph.com/news/mt-gox-makes-35-million-btc-transfer-unmarked-addresses #repayments #coldwallet #exchange #bitcoin #markets #mt.gox
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash - The collapsed exchange has started debt repayments to creditors via sele... - https://cointelegraph.com/news/mt-gox-repayments-bitcoin-bitcoin-cash #rehabilitationplan #cryptoexchange #bitcoincash #repayments #cryptonews #bitcoin #mt.gox #btc #bch
Cointelegraph · Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
Important to avoid burdening #worker #cooperatives with #debt. #Private #enterprises often have large debt #repayments eating into #revenues. It is a #vulnerability. Competing against that kind of #enterprise without debt is an advantage. Watch now: https://buff.ly/44FEwyf
#Adesina criticizes #opaque #loans linked to #Africa's #resources
The head of the #African #Development #Bank is calling for an end to loans given in exchange for the continent's #rich #oil #reserves or essential #minerals used in #smartphones and #electric car #batteries.
This type of #borrowing has plunged many #African #countries into a #financial #crisis.
“They're just bad, first and foremost, because you can't value assets properly,” #Akinwumi Adesina said in an interview with The Associated #Press in #Lagos, #Nigeria, last week.
"If you have #minerals or #oil under the ground, how do you find a #price for a long-term #contract? It's a challenge," he explains.
Linking future revenues from #natural #resource #exports to loan #repayments is often presented as a way for recipients to obtain f#inancing for #infrastructure #projects and for lenders to reduce the #risk of not getting their money back.
The shift to #renewable #energy and #electric #vehicles has caused a spike in demand for essential minerals, which favors this type of lending. The agreement between #China and the #Congo illustrates this well. Beijing thus exploits the world's largest #reserves of #cobalt, a mineral used to #manufacture #lithium #batteries.
Africanews · Adesina critique les prêts opaques liés aux ressources de l'Afrique | AfricanewsLe directeur de la Banque africaine de développement appelle à la fin des prêts accordés en échange des riches réserves de pétrole du continent ou des minéraux essentiels utilisés dans les smartphones et les batteries des voitures électriques.