Nigeria: Govt Seeks Fresh U.S.$2.5 Billion World Bank Loan

Daily Trust

The Federal Government and World Bank are in talks for as much as $2.5 billion in a new tranche of concessionary lending to Nigeria, the bank's Vice President for Africa Hafez… Read more »

Nigeria: Despite $81bn Debt Burden, Nigeria Seeks $2.5bn World Bank Loan

This Day

Nigeria and the World Bank have begun talks for a loan of $2.5 billion in a new tranche of concessionary lending by the multilateral financial institution. Read more »

Zimbabwe: Minister Moyo Denies Owing Power Utility U.S.$414 000

New Zimbabwe

Local Government Minister, July Moyo is denying owing the Zimbabwe Electricity Supply Authority (Zesa) US$314 000 in unpaid bills. Read more »

Nigeria: $9.6 Judgement Debt - Court Orders Forfeiture of P&ID's Assets

This Day

Justice Inyang Ekwo of the Federal High Court, Abuja on Thursday ordered the forfeiture of assets belonging to Process and Industrial Development (P&ID) limited to the federal… Read more »

Mozambique: 'Hidden Debts' Suspect Was Talking to FBI

AIM

One of the key suspects in the case of Mozambique's "hidden debts" has been cooperating with the United States Federal Bureau of Investigation (FBI) since January. Read more »

Nigeria: Govt Sets Up Inter-Agency Committee to Recover N5trn Amcon Debt

Leadership

After issuing several threats and warnings without compliance, the federal government has swung into action by inaugurating an inter-agency committee to recover over N5 trillion… Read more »

Zimbabwe: Zesa, Minister Tussle Over U.S.$400,000 Debt

The Herald

Local Government, Public Works and National Housing Minister July Moyo has denied owing the Zimbabwe Electricity Transmission and Distribution Company (Private) Limited over US$400… Read more »

Nigeria: 10 Commandments On Foreign Loans [opinion]

This Day

Nigeria, warns Ned Nwoko, should be circumspect about foreign loans. Read more »

Nigeria: Nigerians Want Former CJN Belgore Punished for Betraying Country

Premium Times

Following PREMIUM TIMES report that exposed how former Chief Justice of Nigeria (CJN), Alfa Belgore, helped British firm, Process and Industrial Developments Limited (P&ID), to… Read more »

Mozambique: Third Credit Suisse Banker Pleads Guilty

AIM

Surjan Singh, the third of the three former executives of Credit Suisse, charged by the US justice authorities in connection with the scandal of Mozambique's "hidden debts", has… Read more »

Zimbabwe: High Interest Rates, Mortgage Cancellations Retard Turnall's Debt Plan

Zimbabwe Independent

High interest rates and mortgage cancellations are reversing the gains of Turnall Holdings Ltd's debt restructuring plan. Read more »

Mauritius: Chetan Ramchurn - "If We Judge Pravind Jugnauth Solely On The Debt Levels And Creation Of New Industries, He Has Failed" [interview]

L'Express

With the loss of a number of members of the Mouvement Militant Mauricien (MMM) in the run up to the general election, Weekly speaks to Chetan Ramchurn, former president of the… Read more »

Nigeria: How Govt Got Hit With a $9.6 Billion Judgment Debt in London [analysis]

The Conversation Africa

Nigeria has received a legal hiding after a UK court awarded a private company a US$9.6 billion judgment debt against the West African nation. The ruling has generated significant… Read more »

Nigeria: Rising Debts Fuelling Vulnerabilities in Nigeria, Others, Experts Warn

This Day

Rising debt levels are fuelling vulnerabilities in Nigeria and other African countries, especially as external debt is shifting from the public to the private sector, experts have… Read more »

Mozambique: 'We Won't Pay Hidden Debts', Renamo Promises

AIM

Antonio Muchanga, the candidate for governor of Maputo province of Mozambique's main opposition party, the former rebel movement Renamo, has promised that, if Renamo wins the… Read more »

Nigeria: $9.6bn Judgement Debt - Govt to Push for Abrogation of Huge Cash Award

Vanguard

As Nigeria goes on appeal to set aside the huge cash awarded by a British commercial and arbitration court to an offshore compaany over a botched gas supply contract, indications… Read more »

Angola: Angola, IMF Want Debt Below 90 Percent of GDP

ANGOP

Angolan Secretary of State for Budget Aia-Eza da Silva said on Friday that the Angolan government and the International Monetary Fund (IMF) want public debt below 90 percent of… Read more »

Zimbabwe: Legacy Debts Haunt Firms

Zimbabwe Independent

The viability of several companies is under serious threat as a result of legacy debts denominated in foreign currency following far-reaching currency reforms by government in… Read more »

Zimbabwe: Border Timbers Restructures Long-Overdue Debt

Zimbabwe Independent

MILLING and timber manufacturing company Border Timbers says it has entered into negotiations to restructure its long-standing debt with a German bank DEG over a US$5,5 million… Read more »

Zimbabwe: Harare Lawyer Faces Jail for Failure to Pay Debt

New Zimbabwe

Harare lawyer Frank Nyangani faces jail for failing to pay a debt he owes the National Railways of Zimbabwe (NRZ) Contributory Pension Fund. Read more »

North Africa: Update On Algeria - Assessing the Role of Credit in the Moroccan Economy [Blog]

Moroccan American Center

One of the potential calamities or blessings, depending on your point of view, of the continued stand-off between the Army and demonstrators in Algeria is its deepening economic… Read more »

Zimbabwe: Arrears Dent Post-Idai Financial Support Mobilisation - World Bank

New Zimbabwe

Zimbabwe's debt position is hampering Cyclone Idai financial support mobilisation, a situation which may see the country's recovery efforts lagging behind its equally affected… Read more »

Nigeria: Experts Warn FG Over N24.3 Trillion External Debt

Daily Trust

An international investment and business consultant, Opeyemi Agbaje, has warned the Federal Government against adding more debts to the current N24.3 trillion foreign debt and… Read more »

Nigeria: Nwoko Warns FG Against China's Concessional Loans

This Day

A former member of the House of Representatives, Hon. Ned Nwoko yesterday warned the federal government against China's concessional loans, describing it as damning and… Read more »

Nigeria: Interest-Based Loans Killing Nigeria's Economy - Expert

Daily Trust

The Director, International Institute of Islamic Banking and Finance (IIIBF) at Bayero University, Kano, Professor Binta Tijjani Jibril says Nigeria has consistently relied on… Read more »