Moti Ben-Moshe Mulls Buying Africa-Israel
The potential bid includes a NIS 700 million capital injection and a NIS 400-450 million debt write-off.
Creditors Irate Over Africa Israel’s Charity
As Africa Israel Investments is in talks about debt relief, a report this week that the property company donated 100 million shekels ($26.2 million) over the last six years even as Lev Leviev’s indebted property company was still recovering from a previous bailout has raised the ire of bondholders.