Sandra Kunda
The Zambia Conference of Catholic Bishops (ZCCB), through Caritas Zambia, has called for support from the stakeholders in the debt cancellation campaign which was launched on 31st January 2025 by the Zambian Catholic Bishops.
The ZCCB Caritas Executive Director Fr. Dr. Gabriel Mapulanga says that to kick-start the campaign, they look forward to working with civil society organizations, the government, opposition politicians, church mother bodies, other religious organizations that are not Christian, the media, and the lenders themselves.
Fr. Mapulanga says the Church intends to undertake several activities, such as conferences for stakeholders, marches, public awareness campaigns, and the distribution of placards…
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It’s been a tough few years for former Man United star, Wes Brown.
The 45-year-old, who played 362 times for Man United, endured the break-up of his marriage in 2022 and was declared bankrupt the following year.
Now, however, things appear to be turning around for Brown with the two-time Champions League winner…
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The TOI correspondent from London:Vijay Mallya’s appeal against a bankruptcy order made in the UK courts concluded on Thursday with the judge overseeing the hearing of three separate appeals referring several times to the “Alice in Wonderland world of the case” and “going down rabbit holes”. Judge Sir Anthony Mann has reserved judgment.
The Indian businessman repeated his arguments that the assets realised by the banks exceeded what he owed them so he should never have been made bankrupt.
All the while Mallya is declared bankrupt, a trustee in bankruptcy can investigate his assets, including those in offshore trusts.
The court heard that there are “potentially valuable assets and trusts” that the bankruptcy trustee can…
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Family Metal Foundry Saves a Business The KTM Insolvency Nearly Killed MSN
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Lilium faces insolvency again Aerospace Global News
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Party says Jabu Mbalula’s appointment highlights gross failure in governance and accountability
ActionSA demands accountability for the appointment of insolvent acting Premier Jabu Mbalula
19 December 2024
ActionSA is deeply concerned about the shocking revelations surrounding the appointment of Jabu Mbalula as Acting Premier of the Free State. This appointment, marred by allegations of insolvency and the lack of proper vetting, highlights a gross failure in governance and accountability.
It has been confirmed that Mr Jabu Mbalula, who is also the MEC for Community Safety, Roads, and Transport, is insolvent and currently under debt administration. Despite this, he was appointed as both MEC and Acting…
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Image credit: Lilium
Lilium Aerospace has filed for insolvency again after a last-ditch funding deal collapsed, marking the end of the German eVTOL developer’s turbulent journey.
A group of investors had pledged more than €200 million to revive Lilium after its initial insolvency in October, but the funds never materialised. With no viable alternatives, the company confirmed it would cease operations
“While talks about alternative solutions are still ongoing, the chance for restructuring right now is highly unlikely and therefore operations will be stopped,” Lilium said in a statement. “Given the situation, this is deeply regretful for all employees and Lilium Aerospace thanks them for their resilience and…
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Thames Water has won court approval for up to £3bn in emergency debt that will allow it to avoid collapse – at least in the short-term.
The debt package is an important staging post for the utility, which supplies water and sewage services to nearly a quarter of the UK population, as it seeks to repair its finances.
Yet it still has a long way to go before it is out of danger.
Thames Water had said that it would run out of cash on 24 March. That outcome would force the government to take over in a special administration regime – a form of temporary nationalisation – in order to keep serving its 16 million customers across London and south-east England.
The company said the debt deal, with a host of investors and…
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Eskom debt relief: municipalities must meet conditions to avoid exclusion MSN
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New Look to close 26 Irish stores amid running losses and liquidation challenges Apparel Resources
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Insolvency law: Council settles on position for core capital markets union legislation consilium.europa.eu
