Business

Congo seeks relief talks with oil traders over $2b debt

By The Frontier Post | February 21, 2018

BRAZZAVILLE (Reuters): Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2 billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly lend money to resource-rich clients in financial distress […]

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Turkey: Consumer confidence flat in February

By The Frontier Post | February 21, 2018

Monitoring Desk ANKARA: Turkish consumers’ confidence in the country’s economy is flat in February, going down 0.1 percent compared to the figure in January, Turkey’s statistical authority announced on Tuesday. The consumer confidence index stands at 72.25 this month, while it was 72.33 in January. The index value is figured out in cooperation with the […]

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Japan bank keen to work with Turkey in third countries

By The Frontier Post | February 21, 2018

Monitoring Desk ISTANBUL: Collaboration between Japanese and Turkish firms in other third countries, especially in Africa could bring success since they complement each other, Japan Bank for International Cooperation (JBIC) senior official said on Tuesday. “Especially in Africa region I understand that Turkish companies have very close ties, network and business routes. We expect to […]

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