Corporate Travel Management Secures New Debt Facilities as It Books European Liabilities and ANZ Impairment

Corporate Travel Management has secured new $175 million debt facilities from PEP Credit, replacing its existing $75 million corporate facility and supported by a $65 million bank guarantee line from existing lenders. The expanded financing is intended to fund remediation obligations to key UK customers and provide sufficient liquidity for ongoing operations, contingent on the…

Malawi Economist Urges Institutional Action to Implement Africa’s Debt Position

Chikondi Phiri (second from left) making her contribution during the session NAIROBI, Kenya — African countries must move beyond political commitments and embed the Common African Position on Debt into national debt management, fiscal and budgetary systems, a Malawi government economist said Wednesday, writes Winston Mwale. Chikondi Phiri, principal economist in Malawi’s Ministry of Finance,…