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- Preferential Creditors

Preferential Creditors Newsletter

CEC confirms receipt of $10.36m, says it is KCM’s preferential creditor 17 Apr 2025 05:16 GMT
THE Copperbelt Energy Corporation (CEC) has confirmed receipt of a partial payment of USD 10.36 million from Konkola Copper Mines (KCM) towards the USD 11.84 million court order. However, CEC says that contrary to KCM’s recent press release, it has under …
Afreximbank Rejects Fitch Downgrade, Defends Financial Strength and Treaty-Based Operations 14 Jun 2025 07:52 GMT
… member states, which grants it preferred creditor status and prohibits such actions …
Undermining multilateral status of African financial institutions sets a dangerous precedent 13 Jun 2025 20:19 GMT
… threat. While historically, the AFMIs preferred creditor status (PCS) and their treatment … the relevant African states. A preferred creditor in the international financial system …
INSOLVENCY AND LIQUIDATION 13 Jun 2025 17:44 GMT
… property or equipment. Then come preferred creditors, such as employees’ owed wages …
Fitch’s ratings downgrade hinged on erroneous views, says Afreximbank 13 Jun 2025 04:34 GMT
… /or to lift the preferred creditor status.”
Dissolved Company – What Does It Mean? 12 Jun 2025 09:29 GMT
… in statutory order: secured creditors, preferential creditors, unsecured creditors and finally any … pay is treated as a preferential creditor claim in insolvency, and may …
APRM Slams Fitch For ‘Flawed’ Downgrade Of Afreximbank 12 Jun 2025 07:30 GMT
… ’s multilateral governance and its Preferred Creditor Status. “Classifying sovereign loans underpinned …
Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course 11 Jun 2025 13:29 GMT
… certain protections. For example preferred creditors are repaid first, before … a traditional commercial bank. Preferred creditor status protects development finance institutions … They can reaffirm Afreximbank’s preferred creditor status, exclude it from …
Limavady Printing Company closes down 11 Jun 2025 13:54 GMT
… , as well as ordinary preferential creditors and secondary preferential creditors are estimated to receive …
AU agency says Fitch’s downgrade of Afreximbank is ‘flawed’ 10 Jun 2025 09:28 GMT
… a multilateral lender it has preferred creditor status. “The assumption Ghana, South …

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