November 19
Africa: Domestic Resources Key to Africa's Debt Freedom
Africa Renewal
-- says Claver Gatete, Executive Secretary, UN Economic Commission for Africa Read more »
November 17
Nigeria: N4 Million Debt - Bobrisky's U.S.-Based Accuser Replies Him With Audio Proof
Premium Times
Mr John, a socialite, allegedly leaked an audio conversation between himself and Bobrisky to VDM to recover a lingering N4m debt. Read more »
November 15
Nigeria: Nigerian Hospital Battles Incessant Power Outages Over N3.1 Billion Debt
Premium Times
This recent incident is a recurring issue, as the hospital faced a similar blackout in March which lasted for 16 days. Read more »
Nigeria: Cabinet Approves $2.2bn External Borrowing Plan - Minister
Premium Times
The minister said the plan is made up of access to the international capital market for some combination of the Euro bond offer and the Sukuk bond offer, and perhaps a Euro bond of… Read more »
November 14
Africa: New UN Report On Rethinking Africa's Debt - Debunking Myths and Identifying Sustainable Solutions
Africa Renewal
The 2024 UN OSAA report, "Unpacking Africa's Debt: Towards a Lasting and Durable Solution", addresses the urgent need to reform Africa's debt structures and offers a roadmap for… Read more »
Africa: Rethinking Debt in Africa - Unpacking Myths and Identifying Sustainable Solutions
Africa Renewal
The 2024 OSAA Report challenges widely held assumptions about Africa's debt, revealing that the continent does not suffer from a crippling debt overhang but instead faces a… Read more »
Africa: Fudged Figures, Gas, and Debt - Digging Into MDBs' 'Climate Finance' [analysis]
African Arguments
Half of all Multilateral Development Banks' climate finance goes to Europe. Just 4% is grants. We don't just need more but better climate finance. Read more »
Zimbabwe: Activists Demand Trillions in Climate Finance, Urging Developed Nations to Repay 'Climate Debt' to the Global South
263Chat
Global climate activists intensified their demands at COP29 in Baku, calling for developed countries to take accountability for climate change impacts that continue to devastate… Read more »
November 12
Zimbabwe: Govt Makes Debt Resolution Headway
The Herald
The Second Republic is making headway towards ensuring the country's long-standing debt challenges are resolved. Read more »
November 06
Somalia: U.S. Forgives $1.14 Billion Debt to Somalia's Economic Recovery
Radio Dalsan
In a move to bolster Somalia's economic recovery and stability, the United States has forgiven $1.14 billion in debt owed by Somalia. The debt cancellation, announced by US… Read more »
November 05
Africa: African Countries Shouldn't Have to Borrow Money to Fix Climate Damage They Never Caused - Economist [analysis]
The Conversation Africa
As we approach the global annual climate change conference, COP29, the need for increased public finance from the global north to address climate adaptation in Africa has become… Read more »
Ethiopia: Parliament Approves $738.2 Million Loan to South Sudan for Cross-Border Highway
Addis Standard
Ethiopia's House of People's Representatives has approved a $738.2 million loan to South Sudan for the construction of a major cross-border highway aimed at connecting the two… Read more »
Nigeria: Viral 'U$57.5bn Loan' to Nigerian Biafra Secessionists Not True
Africa Check
Viral 'U$57.5bn loan' to Nigerian Biafra secessionists not true Read more »
November 03
Ghana: Financial Skills Like Managing Debt Are Key to Success, but Ghana's Small Businesses Don't Have Them [analysis]
The Conversation Africa
Financial literacy is vital for individuals and households. Simply put, it's the ability to understand and effectively use various financial skills: budgeting, managing debt,… Read more »
October 31
Kenya: Govt Secures U.S.$605 million IMF Loan
Capital FM
The International Monetary Fund (IMF) has approved a disbursement of Sh78 billion (US$605 million) to assist Kenya in bolstering its fiscal and external buffers and enhancing… Read more »
October 30
Ethiopia: Ethiopia's Steel Giant Abyssinia Eyes $20 Million IFC Loan for East African Expansion, Green Initiatives
Addis Standard
The Board of Directors of the International Finance Corporation (IFC) is set to vote on a financing package of up to $20 million in secured loans for Abyssinia Group of Industries… Read more »
South Africa: Tshwane Mayor Nasiphi Moya in Talks to Settle R6.7bn Eskom Debt
Daily Maverick
New City of Tshwane Mayor Nasiphi Moya outlined her 100-day plan on Wednesday to improve the city's finances, revitalise the economy and prioritise service delivery. Read more »
South Africa: Slow Compliance With Servicing Eskom Debt a Risk to Debt Write-Offs
SAnews.gov.za
National Treasury has warned that municipalities' slow compliance with conditions of the debt relief programme on arrears to Eskom risk delaying debt write-offs. Read more »
South Africa: Govt Must Manage R6-trillion Debt Better - Finance Minister
SAnews.gov.za
Finance Minister Enoch Godongwana has told Parliament that in order for government to achieve its goals of, amongst others, inclusive growth and reducing unemployment, the country… Read more »
October 23
Africa: The IMF Just Made the Case for Its Own Irrelevance [opinion]
IPS
On Friday the 11th, the IMF announced policy changes that will save developing countries $1.2 billion per year. Despite the self-congratulations and fanfare, these reforms are only… Read more »
October 22
Nigeria: Alleged $4.4m Debt - Logistics Firm Loses Bid to Vacate Ex-Parte Order
This Day
All efforts by GPC Energy and Logistics Limited, to discharge a restriction order placed on it's accounts in 36 banks in Nigeria, by a Lagos Federal High Court, seem to have failed… Read more »
