Achim Steiner, administrator of the United Nations Development Programme, stated on Monday that the world’s poorest nations were forced to put debt payments ahead of investments,...
Amidst mounting concerns about Uganda’s economy’s debt crisis, the total value of refinanced government securities exceeded 50% of all Treasury Bills and bonds issued in the...
Multilateral body, International Monetary Fund (IMF) is “optimistic” that a debt restructuring deal would soon be reached between its officials and Ghana. As talks between...
Over the past week, there were many important stories from around the African continent, and we served you some of the most topical ones. Here is...
After failing to make a $33 million “coupon” payment on its only international government bond, Ethiopia has become Africa’s third debt defaulter in as many years....
The World Bank said it has committed $12 billion to Kenya’s development over the next three years, potentially a major boost to the East African country’s...
Zambia has suffered a significant setback in its attempts to restructure its debt as it announced on Monday that official creditors, including China, refused a revised...
The International Monetary Fund (IMF) is “seriously considering” a possible augmentation of Egypt’s $3 billion loan programme. The IMF Managing Director, Kristalina Georgieva told journalists on...
The Chinese Consul-General, Lagos, Nigeria, Yan Yuqing, on Thursday promised that her country would not create a debt crisis in Nigeria and other African countries. Yuqing...
The International Monetary Fund (IMF) has not changed its stance on Zambia’s debt restructuring agreement, according to Zambia’s Ministry of Finance and National Planning. The Memorandum...