The government has been accused of "mortgaging the future of Malawians" by recklessly borrowing close to U.S $2 billion from foreign institutions. Read more »
Olusegun Obasanjo, the former president of Nigeria, has faulted President Muhammadu Buhari's external borrowing plan saying "If we borrow some U.S.$30 billion, in less than ... Read more »
The Bank of Mozambique announced the decision to make exchange rates more transparent as it struggles to bring inflation under control. Read more »
The International Monetary Fund has lifted "remedial measures" against Zimbabwe after the economically stricken country paid its debt to the organisation. Read more »
Sonangol has reportedly seen its fortunes decline after President José Eduardo dos Santos' daughter, Isabel, took over the oil company. Read more »
The International Monetary Fund has made it clear that it will not disburse funds in a situation where it thinks the debt is not sustainable. Read more »
South Africa's Eskom and Mozambique's Hydro Cahora Bassa have given the Zimbabwean government to December 2016. Read more »
The government has been accused of using almost half of the controversial U.S $2 billion to secure weapons. Read more »
Finance Minister Kemi Adeosun has accused the western community of blocking Nigeria's plan to improve the power sector. Read more »
President Filipe Nyusi has confirmed that an independent audit of secret loans allegedly made by government will be lead by the Attorney-General's Office. Read more »
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