To get the latest U.S.$2 billion loan from the International Monetary Fund, the national treasury has reportedly promised to control the government wage bill - a signal of tough ... Read more »
The Japanese government has suspended the servicing of Mozambique's debt to Japan, amounting to 92 million meticais (about 1.3 million U.S. dollars). The suspension of the debt ... Read more »
The government of China has announced a partial pardon of debt totalling U.S.$36 million, equivalent to about 2% of Mozambique's debt with the Asian country, to help in the fight ... Read more »
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to provide spending details of the overdrafts and loans obtained by the government ... Read more »
Mozambique has lost the latest round of a court case in the UK, where judges ruled that the London High court was not the appropriate jurisdiction for Mozambique's complaint ... Read more »
"The government went on a borrowing spree over the last few years and was then unable to repay," notes Peter Leon, co-chair of the Africa group at the law firm Herbert Smith ... Read more »
Experts have warned that the government is likely to breach the U.S.$80 billion debt ceiling by early 2022, if the rate at which it is borrowing to support its budget and finance ... Read more »
While richer countries have been able to deploy trillions of dollars to cushion themselves from the impact of Covid-19, African nations already struggling to repay billions in debt ... Read more »
Unless Lesotho governments refrain from the habit of awarding grossly inflated tenders for various infrastructure projects, future generations will be caught up in a massive debt ... Read more »
A Harare lawyer has approached the High Court demanding to know the total amount of debt that Zimbabwe owes to internal and external creditors. Besides Zimbabwe being heavily ... Read more »
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