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Maroc Maroc - iafrica.com - A La Une - 09/Sep 14:00

Land Bank Secures Historic Debt Restructuring Agreement

After years of challenging negotiations, the Land Bank has achieved a groundbreaking deal with its lenders to restructure its substantial debt. The specialist agricultural bank, which defaulted on R45 billion in debt in 2020 due to poor management and governance issues, has faced a complex and prolonged restructuring process. In May 2020, the Land Bank… 

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