African Copper�s debt balloons to P1,2 bn

Tuesday, July 14, 2015

Cash-strapped copper producer, African Copper has secured another $2 million (P20 million) loan facility from parent company ZCI’s controlling party, the Copperbelt Development Foundation.

This brings the Botswana subsidiary’s interest-bearing loans with ZCI to $102,3 million (P1,2 billion).

The new loan facility, which would provide the subsidiary with short-term working capital, followed on a $1.5-million unsecured and a $4.5-million secured loan facility in May and February respectively as the company sought out long-term funding.

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African Copper�s debt balloons to P1,2 bn

Cash-strapped copper producer, African Copper has secured another $2 million (P20 million) loan facility from parent company ZCI’s controlling party, the Copperbelt Development Foundation.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!