Mozambique's public debt currently stands at U.S.$12.37 billion, of which about 16% is owed to China, Minister of Economy and Finance, Adriano Maleiane has said. Of the total ... Read more »
South Sudan has secured a U.S.$52.3 million loan from the International Monetary Fund (IMF) to address its urgent balance of payments needs. Announcing the loan approval ... Read more »
It is almost a year since the start of the Covid-19 pandemic. G-20 countries mobilised more than U.S.$11 trillion in stimulus packages, printing additional money to combat its ... Read more »
The main opposition, the Peoples Democratic Party has chided President Muhammadu Buhari for his plan to take a U.S.$1.2 billion loan, this time from Brazil. There has been huge ... Read more »
By June 2020, East African economies -Kenya, Uganda, Tanzania and Rwanda- had accumulated over U.S.$86 billion in public debt, with Kenya holding 77.11% of the debt, followed by ... Read more »
Low-income countries have been especially hard hit by the economic downturn caused by the Covid-19 pandemic, leading to more people needing assistance for their basic needs. This ... Read more »
The pandemic's disruption to the economy is pushing 3,1 million Ugandans into poverty, the UN has warned in a report on the socio-economic impact of the pandemic in Uganda. The ... Read more »
Eskom has said it is losing at least nearly U.S.$173 million in revenue annually due to illegal power connections in Gauteng, Daily Maverick writes. Of that, it is haemorrhaging ... Read more »
President Muhammadu Buhari has justified the government's borrowing to finance infrastructure projects. However, some experts are calling on the government to consider other ... Read more »
President Uhuru Kenyatta is scheduled to sign a U.S.$1,7 billion deal with a French consortium, that will be used for upgrades to the 190-kilometer Rironi-Nakuru-Mau Summit Road. ... Read more »
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