ZIMBABWE is presently saddled with a US$5,7 billion debt that is impacting adversely on the economy, but we need to handle the issue more soberly and ensure that we employ debt settlement strategies that will not prove costly in the end.
Despite the recent controversy generated by the proposed $40 million ECOWAS fund loan, Kano State Governor, Malam Ibrahim Shekarau, has explained that he won't be deterred by critics , as he takes no decision without prior consultation with the legislature.
Former Head of State and All Nigeria Peoples Party (ANPP) presidential candidate in the 2003 and 2007 elections, Major-Gen.Muhammadu Buhari, has responded to claims by the Presidency that he lacked the moral high ground to criticise the administration of President Umaru Musa Yar'Adua.
The Deputy Majority Leader in Parliament and a Member of the National Media Commission (NMC), Mr. John Akologu Tia, has expressed dissatisfaction over the government's inability to pay the allowances of members of the Commission, which have accrued over the last ten months.
ZIMBABWE, weighed down by a $5,7 billion debt, should not rush into adopting the Highly Indebted Countries Initiative but should instead pursue other strategies that could yield better results.
Zimbabwe should not be hamstrung by the US$700 million debt it inherited from the Rhodesian Government in 1980 and should move to ensure the reparations are paid.
BUILDING hardware manufacturer and distributor Dawn Group plans to raise R300m through a rights offer this month to strengthen its balance sheet and reduce bank debt.
With ballooning household borrowing from "all possible sources" showing an unprecedented rise in consumerism, Botswana will need financial education and more stringent regulations to curb increasing bad debt and arrears, analysts warn.
Loans do not come cheap; it comes with the conditions that keep the borrower enslaved for long time. This is one lesson the present government in Borno State has learnt in the cause of providing infrastructural development.
OVERDUE bank loans in Namibia have ballooned by nearly 18 per cent to N$2,1 billion in six months as the economic crisis continues to cripple consumers' ability to pay their debts.
City tycoon Karim Hirji has seven days to repay $1.5m (about sh3b) he was advanced for accommodating delegates of the Commonwealth Heads of Government Meeting (CHOGM) in 2007.
If Nigeria continues to do business as usual its Vision 20: 2020 objectives will not be met, the World Bank Country Director said yesterday.
The inequity of climate change was that it was the regions that had historically least contributed to greenhouse gas emissions that would be most affected, while the guilty parties would have the technological and financial resources to escape the worst of it.
West African business conglomerate, Stallion Group, owned by the Vaswani Brothers, has strongly denied recent reports in the media pointing to a N3 billion non-performing loan purportedlyowed by one of its subsidiaries, premium Seafoods Ltd, to Equatorial Trust Bank (ETB), Nigeria.
OVERLY indebted South Africans are making progress on reducing debt, but the number of people struggling to pay their bills is still rising.
