Latest news with #Kabeya
IOL News
25-04-2025
- Business
- IOL News
US tariffs threaten to destabilise African banks amid global trade tensions, warns Moody's
Moody's on Thursday said it expected the increase in tariffs after the 90-day pause is lifted to have few direct credit implications for African banks because the continent's trade with the US was slight, which will limit risk transmission. Image: RON AI Moody's Ratings has cautioned that though the US tariffs are expected to have few direct credit implications for African banks, the tariffs will have significant indirect negative implications through the financial markets' risk-transmission channel. Earlier this month, the US government authorised a 90-day pause on the implementation of most new US tariffs, reverting to a universal rate of 10% on all almost all targeted countries, including African countries. However, the Trump administration ramped up import tariffs on goods from China to 145% and the Chinese government retaliated with its own 125% tariffs on US imports, setting off a trade war between the world's two largest economies. Moody's on Thursday said it expected the increase in tariffs after the 90-day pause is lifted to have few direct credit implications for African banks because the continent's trade with the US was slight, which will limit risk transmission. Mik Kabeya, vice president and senior analyst at Moody's Ratings, said while their overall outlook for the African banking sector was unchanged, the tariffs will engender a more challenging macroeconomic outlook and greater uncertainty around asset prices and interest rates. Consequently, Kabeya said the tariffs will likely have indirect negative implications for African banks' operating environment by significantly curbing global economic growth as businesses and consumers suspend or slow investment decisions. Slower global growth ïs also expected to depress the prices of some commodities that African countries export. Kabeya said reduced economic growth on the continent would negatively affect African banks' profitability and asset quality because it would weigh on their business lending activity and on borrowers' repayment capacity, leading to lower net interest income and fees and commission income, along with higher loan loss provisioning and problem loan formation. 'For Africa's banks, second-round effects of the macroeconomic fallout include the implications of China's lower economic growth and commodity price adjustments challenging the export sector,' Kabeya said. 'Given that China is the primary export market for Sub-Saharan African commodity exporters, China's reduced growth will modestly weigh on African banks' business generation as their export-oriented clients face reduced business activity. 'Low oil prices will also pose risks to banks' foreign currency liquidity since oil exports are a key source of foreign exchange earnings in several oil exporting African countries such as Nigeria and Angola. Crude oil prices have fallen significantly in April and will likely remain low but volatile this year.' Separately, Kabeya said the tariffs will have significant indirect negative implications for African banks through the financial markets' risk-transmission channel.
BBC News
19-02-2025
- Sport
- BBC News
England flanker Kabeya renews Lightning contract
England international Sadia Kabeya has extended her contract at Loughborough Lightning for the 2025-26 Red Roses flanker joined the Midlands side in 2021 and if selected will play her 55th game as a Lightning player this Friday against Trailfinders, their final Premiership Women's Rugby match of the season."I re-signed for Lightning firstly because of the people," Kabeya told the club website. , external"The girls and the culture that we have here is great, it makes turning up and training and having those hard sessions worth it. The second reason was the type of rugby that we are playing."Flanker Kabeya has 18 Test caps so far but missed out on England's WXV 1 title defence last autumn due to 22-year-old has played nine games for sixth-placed Loughborough this season, scoring two tries.
Associated Press
11-02-2025
- Sport
- Associated Press
French handball player Jemima Kabeya dies suddenly, aged 21
PARIS (AP) — Jemima Kabeya, the goalkeeper for French handball club Plan-de-Cuques, has died suddenly at the age of 21, her team said on Tuesday. Kabeya had represented France in the junior categories. The team did not disclose the cause of death. 'She was a goalkeeper of great talent and an exemplary teammate, but Jemima was above all a radiant, sunny young woman of immense kindness,' the club said. 'Her smile and her commitment will leave an indelible memory in our hearts and in the history of Handball Plan-de-Cuques.' According to the international handball federation, Kabeya had played at Plan-de-Cuques since 2022, extending her contract for two years in 2024. She was one of the top goalkeepers in the French league this season, with a 35.6% saving efficiency and 78 saves. 'The IHF president, Dr Hassan Moustafa, would like to extend condolences to the family, friends, teammates, and all those who were touched by Jemima's presence,' the IHF said. 'The loss of such a bright and vibrant young life is a tragedy beyond words.'
