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March 01
Nigeria: 'Servicing Debt With 60% Revenue Dangerous'
Daily Trust
An economist at SPM Professionals Mr Paul Alaje has warned that Nigeria's servicing of debts with about 60 per cent of earned revenue may be dangerous and unsustainable. Read more »
February 26
Namibia: Ask Your Bosses to Pay - Amupanda
Namibian
Windhoek mayor Job Amupanda posted on social media yesterday that ministry staff should ask their bosses to pay the City of Windhoek their debts of millions so they could be… Read more »
Nigeria: Despite N32.9tn Debt, Nigeria Won't Stop Borrowing - Ahmed
This Day
Notwithstanding Nigeria owing $86.39 billion (N32.9 trillion) to external creditors, the nation will continue to borrow to finance infrastructural development, the Minister of… Read more »
February 24
South Africa: Government Moves to Stabilise Debt As Budget Deficit Doubles
SAnews.gov.za
Government's fiscal strategy over the next three years will be to narrow the deficit and stabilise the debt-to-GDP ratio, the National Treasury said on Wednesday. Read more »
South Africa: Budget - Only the DA Will Get SA's Debt Under Control [press release]
DA
Albert Einstein was being perfectly serious when he quipped that compound interest is the most powerful force in the universe. If we don't resolve our debt crisis very soon, South… Read more »
February 23
Gambia: Hon. Jawara - D90 Million Budget Approved for Prison Dept
The Point
After a visit at the Central Prison and other prison installations last year, the Standing Committee on Defence and Security of the National Assembly felt it was necessary that the… Read more »
February 22
Ghana: Ghana May Pay U.S.$55 Million Judgement Debt - -Kofi Bentil
Ghanaian Times
Senior Vice President of IMANI Africa, Kofi Bentil, says Parliament can save the country from losing $55million in a case a Chinese private company has filed against it in the… Read more »
Kenya: DP Ruto Warns Against Over-Reliance on Foreign Loans
Capital FM
Deputy President William Ruto has cautioned against the government's over-reliance on foreign loans which he said derails development. Read more »
February 21
Kenya: Govt Targets New Loans to Repay Old Ones
Nation
Kenya will take new loans to repay the Eurobond when they fall due as part of its debt management strategy to reduce pressure on principal repayments. Read more »
Sudan: Sudan Devalues Currency to Seek Debt Relief
DW
The change is a key reform demanded by foreign donors and the International Monetary Fund (IMF). The country is hoping to overhaul its debt-laden, inflation-hit economy. Read more »
South Africa: ANC's National Debt Crisis - Every Child Owes R67 000 [press release]
DA
Ahead of our Alternative Budget tomorrow, the Democratic Alliance is launching a social media graphic to focus attention on South Africa's debt crisis. Read more »
February 20
Nigeria: China Loans to Nigeria Hit N3.2 Trillion - DMO
Premium Times
The director general of the Debt Management Office says the country is open to issuing 30-year plus bonds. Read more »
February 19
Rwanda: China Cancels $6 Million Debt to Rwanda, Offers Extra Grants
New Times
Rwanda and China have signed agreements where the Asian country will provide Kigali with a grant worth $60 million (Rwf59.5 billion). Read more »
Zimbabwe: Councils, Zupco Clash Over Unpaid Fees
Zimbabwe Independent
The Zimbabwe United Passengers Company (Zupco) has not been remitting fees for the use of designated urban bus terminuses thereby depriving cash-strapped urban councils of revenue. Read more »
Zimbabwe: Nampak Outlines Debt Clearance Plan
The Herald
PAPER and packaging firm, Nampak Zimbabwe Limited, says it will next month start paying in tranches a US$66,8 million it owes foreign creditors. Read more »
February 18
Kenya: Plans to Increase Debt Ceiling Above Sh9 Trillion Start
Nation
The National Treasury has set in motion plans to increase the debt ceiling once again to afford the 2021/22 budget. Read more »
Kenya: Tanasha Donna Forced to Clear Sh15,000 Debt After Grazia Rant
Nairobi News
Singer Tanasha Donna has been forced to clear a Sh15,000 due to makeup artist Zena Glam (Sylvia). Read more »
Nigeria: Govt to Convert N10tn CBN Financing to 30-Year Debt
This Day
The federal government has set the terms for the conversion of its stock of Central Bank of Nigeria (CBN) overdrafts into long-term notes in a bid to create transparency around its… Read more »
February 16
Gambia: Sidia Jatta Asks Why Gambia Is Celebrating Independence When She Is Grappling With a Staggering Debt Burden
Foroyaa
The National Assembly Member for Wuli West, Sedia Jatta, has queried the need for Gambians to celebrate Independence Day when their country is burdened with a debt of about… Read more »
February 12
Africa: AfDB President Adesina Says Vaccines and Debt Relief Will Be Key to Africa's Recovery From Covid-19
New Dawn
The President of the African Development Bank (www.AfDB.org), Dr. Akinwumi A. Adesina, has called for fair access to COVID-19 vaccines for Africans and said debt relief would help… Read more »
February 11
Nigeria: Govt Approves New Debt Management Strategy for Nigeria
Leadership
The federal government yesterday approved a new medium-term debt management strategy for Nigeria for the period of 2020-2023. Read more »
Nigeria: CBN - Govt's Fiscal Deficit Rose to N620 Billion in November 2020
This Day
The federal government's estimated fiscal deficit expanded to N620.49 billion in November 2020, compared with the N421.35 billion recorded in October 2020. Read more »
Nigeria: FEC Approves New Debt Management Strategy 2020 - 2023 - DMO
Vanguard
The Federal Executive Council (FEC) has, at its meeting on Wednesday, approved a new Medium Term Debt Management Strategy (MTDS) for Nigeria, for the period 2020-2023, according to… Read more »
Africa: Vaccines, Debt Relief Key to Africa's Covid-19 Recovery - Adesina
This Day
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called for fair access to COVID-19 vaccines for Africans. Read more »
Africa: Africa to Recover Faster With Vaccines, Debt Relief - AfDB
Daily Trust
President of the African Development Bank, Dr. Akinwumi Adesina, has called for fair access to COVID-19 vaccines for Africans, saying when combined with debt relief, African… Read more »

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Zambia's Debt, Political Crisis Casts Shadow On Future

Kenya Likely to Breach U.S.$80 Billion Debt Ceiling By 2022

Covid-19 Worsens Africa's Debt Problems - How to Respond

Inflated Deals A Debt Trap for Lesotho's Future Generations

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