The real reason Africa is up to its neck in debt [Yahoo! Finance]
AllianceBernstein Holding L.P. Units (AB)
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am
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Source: Yahoo! Finance
Estimated to have cost around half a billion pounds, it will only return to Kenyan hands when that dizzying sum has been fully paid off in tolls of £3 a journey or less. For the foreseeable future, the toll road, too expensive for many, looms large over congested streets as a perfect symbol of the country's debilitating debt. While China and international bodies like the IMF and World Bank shouldered much of the blame during recent violent protests in Nairobi, campaigners say private banks that own bonds issued by the Kenyan government are also a significant barrier to progress. Of Kenya's external debt payments between 2023 and 2025, almost half are to private creditors, primarily bondholders, demanding higher interest and quicker returns. This is one of the main reasons why Kenya is spending four times more servicing external debts – £27.7 billion at the end of 2022 – than it does on healthcare and education. According to figures in its latest Public Debt Register seen by
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AB
News
- AllianceBernstein Holding L.P. (NYSE: AB) had its price target raised by analysts at Barclays PLC from $36.00 to $39.00. They now have an "equal weight" rating on the stock.MarketBeat
- Capital Markets Outlook Q4 2024: Normalization Endgame [Seeking Alpha]Seeking Alpha
- AllianceBernstein Non-GAAP EPS of $0.77 beats by $0.05, revenue of $1.09B beats by $249.66M [Seeking Alpha]Seeking Alpha
- ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES THIRD QUARTER RESULTSPR Newswire
- AB vs. BLK: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
AB
Earnings
- 10/24/24 - Beat
AB
Sec Filings
- 10/24/24 - Form 8-K
- 10/24/24 - Form 10-Q
- 10/10/24 - Form 8-K
- AB's page on the SEC website