Matthew Hill

1 week ago | bloomberg.com | Katarina Hoije |Matthew Hill

A delegate arrives for the African Development Bank group annual meeting in Abidjan, on May 26. (Bloomberg) -- The African Development Bank, the continent’s largest home-grown multilateral lender, will elect its new leader on Thursday. Five candidates are vying for the job as the institution confronts multiple challenges, including aid cuts to Africa, the withdrawal of support by US President Donald Trump and the fallout from his trade war.

2 weeks ago | bloomberg.com | Matthew Hill |Ekow Dontoh

Minister of Finance Cassiel Ato Forson(Bloomberg) -- Ghana, emerging from a bruising debt restructuring process, faces a dispute with African Export-Import Bank, one of its biggest commercial creditors, over whether it should take losses on a $768.4 million liability. The finance ministry says the debt must be treated comparably to others it’s restructured, from bilateral loans with China to $13 billion in eurobonds.

1 month ago | bloomberg.com | Moses Mozart Dzawu |Matthew Hill

A mine worker hammers a ingot of gold during the refining process at a gold mine in Loulo, Mali. (Bloomberg) -- Surging gold and the slide in oil prices are offering some African countries a rare boost, as the region copes with the fallout from President Donald Trump’s trade war and freeze on US aid.

2 months ago | yahoo.com | Antony Sguazzin |Janice Kew |Matthew Hill

(Bloomberg) -- Leaders across Africa have said US President Donald Trump’s decision to abruptly end billions of dollars of aid to the continent is a wake up call for their countries to be more self-reliant. Most Read from BloombergAdvertisementSo far they haven’t risen to the challenge.

2 months ago | news.bloomberglaw.com | Prinesha Naidoo |Matthew Hill

Firm suspended billing customers in Mozambique for two monthsPost-election unrest seen costing nation 3% of its GDPNasdaq-listed Karooooo Ltd., which provides vehicle-tracking and fleet-management services, will provide for an impairment of goodwill in its Mozambique operations due to the political upheaval gripping the southeast African nation. Mozambique has endured months of tension following disputed Oct.