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Euro bank breaks 22-year lending drought to Zimbabwe, grants €15m CABS credit line for private firms

Euro bank breaks 22-year lending drought to Zimbabwe, grants €15m CABS credit line for private firms Euro bank breaks 22-year lending drought to Zimbabwe, grants €15m CABS credit line for private firms European Investment Bank (EIB) The European Investment Bank (EIB) has agreed a €15 million fund to support Zimbabwean businesses hit by COVID-19, the first such financing to the country by the bank in over two decades. The fund, to be channelled via CABS, is part of the EIB’s programme to support the resilience of African businesses during the pandemic. EIB is owned directly by the 27 European Union member states.

Gold Coast couple s Australian 4WD Hire company systematically lied to customers, Federal Court rules

Gold Coast couple s Australian 4WD Hire company systematically lied to customers, Federal Court rules Posted 5 updated 5 Vitali Roesch and his wife have been banned from managing corporations for three years. ( Print text only Cancel A Russian-born businessman and his wife based on Queensland s Gold Coast have been told they face jail unless they repay tourists they ripped off through their outback car rental company, Australian 4WD Hire. Key points: They are liable to imprisonment or other punishment if they fail to do so The court found their hire company lied to customers and its contracts were declared void A damning Federal Court judgment has found their Australian 4WD Hire business systematically lied to customers and used unfair contracts to demand they pay the full costs of repairing or replacing damaged vehicles, even if there was no damage.

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