In August 2020, South African retail giant Shoprite officially announced its decision to discontinue operations in Nigeria, welcoming interest from various potential investors. A ... Read more »
The Mozambique government is suing Swiss lender Credit Suisse, a United Arab Emirates shipbuilder and a handful of bankers in London over their alleged role in a U.S.$2 billion ... Read more »
Atiku Abubakar, former vice president and the presidential candidate of the Peoples Democratic Party has lashed out at the government's lending, saying that the terms of ... Read more »
The International Monetary Fund (IMF) has approved U.S.$4.3 billion in emergency assistance to help South Africa fight the novel coronavirus pandemic. The IMF says the loan will ... Read more »
President Edgar Lungu has requested debt relief and cancellation from China due to the economic impact of the novel coronavirus pandemic, his office has said. Zambia's public debt ... Read more »
Finance Minister Tito Mboweni has said he has the support of the African National Congress leadership in approaching the International Monetary Fund for financial support to partly ... Read more »
Top on the list is Kenya, which has been on a borrowing spree in the past few years. The country will have to spend a staggering U.S.$8.5 million in the new financial year on ... Read more »
Kenya's debt bill has shocked parliament, which has, for the past eight years, acted as cheerleader for the National Treasury's borrowing spree that has never been seen in any East ... Read more »
As the impact of the Coronavirus crisis spreads, pushing Africa economies into free fall, countries urgently need debt relief and liquidity. That is the message in a statement by ... Read more »
The biggest chunk of the loans, taken to fund the region's response to the Covid-19 pandemic and cushion the economies against disruptions caused by the virus, have reportedly come ... Read more »
AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.