FundingDeal

ArcelorMittal South Africa Close to Securing Funding to Revitalize Troubled Mills

3 months ago

In a significant development for South Africa's steel industry, ArcelorMittal South Africa has moved closer to finalizing a financial agreement aimed at rescuing its beleaguered operations. The company has been grappling with a series of challenges, including operational inefficiencies and financial strains that have hindered its ability to perform at optimum levels.

IMF Strikes $266 Million Deal with Tanzania to Boost Economic Stability

8 months ago

In a significant development for Tanzania's economic landscape, the International Monetary Fund (IMF) has formalized an agreement with the East African nation that will unlock $266 million in funding. This financial support is crucial for Tanzania as the nation seeks to bolster its fiscal health and navigate the challenges posed by both global economic fluctuations and domestic pressures.