Libby George

London

Emerging Markets Correspondent at Reuters

Reuters emerging markets correspondent in London. Previously Lagos and D.C. Wisconsinite at heart. Pulitzer finalist. Covered energy, politics and now money.

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Articles

Nigeria's $5bn oil-backed loan from Aramco 'delayed by oil price drop'

2 weeks ago | timeslive.co.za | MacDonald Dzirutwe |Libby George |Julia Payne

EXCLUSIVE 11 June 2025 - 14:00 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia. File photo.
Exclusive-Nigeria's $5 billion oil-backed loan from Aramco delayed by oil price drop, say sources

2 weeks ago | ca.marketscreener.com | MacDonald Dzirutwe |Libby George |Julia Payne

Published on 2025-06-10 at 06:24, updated on 2025-06-10 at 06:27LAGOS/LONDON/BRUSSELS (Reuters) -Nigeria and Saudi Arabian oil company Aramco are struggling to reach an agreement on a record $5 billion oil-backed loan after a recent decline in crude prices sparked concern among banks that were expected to back the deal, four sources told Reuters.
Zambia says Afreximbank loan is commercial and will be restructured

3 weeks ago | marketscreener.com | Chris Mfula |Libby George

LUSAKA (Reuters) -Zambia's Afreximbank loan is commercial and will be restructured, the country's treasury secretary said on Friday. "We are still negotiating with them. The debt will be restructured," Secretary to the Treasury Felix Nkulukusa told Reuters in Lusaka in response to a question on the status of Zambia's loan with Afreximbank.
Unlocking DRC's mining potential through global standards adoption

3 weeks ago | bizcommunity.com | Danette Breitenbach |Libby George |Katja Hamilton |Anton Visser

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies A leading producer of copper and cobalt, the Democratic Republic of Congo (DRC) is also seeing exploration interest in commodities such as gold and lithium. Source: © AVZ Minerals AVZ Minerals As the Democratic Republic of Congo (DRC) works towards leveraging its mining sector for broader economic upliftment, it will need to support the raising of standards across a wide range of mining disciplines.
15th Telkom Radio Awards entries open

3 weeks ago | bizcommunity.com | Danette Breitenbach |Libby George |Katja Hamilton |Anton Visser

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies The 2025 Telkom Radio Awards have opened for entries and will close on 14 August, with no fee to participate, and stations can edit their entries right up until the entry deadline. The Telkom Radio Awards are open for entries (Image supplied)BDO South Africa continues to serve as the official auditors for the Awards.
Corona flips the script with Hidden Sunsets OOH campaign

3 weeks ago | bizcommunity.com | Karabo Ledwaba |Danette Breitenbach |Libby George |Katja Hamilton

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies For over 100 years, Corona and sunsets have been inseparable—but many people don’t realise there’s a hidden sunset on every bottle. Thanks to Corona’s signature bottle and lime ritual, a delightful surprise has been uncovered: flip the bottle, and the label reveals a secret sunset tucked within its design. The OOH campaign debuted in Cape Town for the South African consumers. Source: Supplied.
Fitch downgrades Afreximbank to one notch above 'junk'

3 weeks ago | reuters.com | Libby George

The Fitch Ratings logo is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/ File Photo LONDON, June 4 (Reuters) - Fitch downgraded Afreximbank's credit rating to one notch above junk on Wednesday, with a negative outlook, citing high credit risks and weak risk-management policies.
Fitch downgrades Afreximbank to one notch above 'junk'

3 weeks ago | marketscreener.com | Libby George

Published on 06/04/2025 at 05:12, updated on 06/04/2025 at 05:18 LONDON (Reuters) - Fitch downgraded Afreximbank's credit rating to one notch above junk on Wednesday, with a negative outlook, citing high credit risks and weak risk-management policies. The one-notch downgrade to BBB- comes as the African lender battles to protect its loans from restructuring in Ghana, Zambia and Malawi, claiming that as a multilateral lender it has preferred creditor status.
Local debt markets could shield Africa as funding sources shrink, Moody's says

3 weeks ago | timeslive.co.za | Libby George

Moody's research shows the median interest rate on local currency debt in Africa stands at about 12%, compared with 8% in Latin America and 5.5% in Asian emerging markets, highlighting cost savings African sovereigns could achieve with deeper, more developed local markets.
Local Debt Markets Could Shield Africa as Funding Sources Shrink, Moody's Says

3 weeks ago | money.usnews.com | Libby George |Karin Strohecker

By Libby GeorgeLONDON (Reuters) -African countries should focus on developing liquid local debt markets in their home currencies to protect them from global volatility and fickle foreign investors, said Moody's global head of sovereign and sub-sovereign risk, Marie Diron. Credit ratings for some countries on the continent have begun climbing after a rough cycle of cuts and outlook downgrades spurred by the stress the COVID-19 pandemic put on sovereign balance sheets.