August 05
Uganda: World Bank Must Stand Firm on Uganda
As the World Bank considers resuming lending to Uganda despite the country’s recent enactment of the Anti-Homosexuality Act (AHA), it is imperative to recognize the potential… Read more »
November 30, 2023
Africa: Moving Africa's 'Just Transition' Forward
Despite contributing a mere 4% of global greenhouse gas (GHG) emissions, Africa disproportionately bears the brunt of climate change’s devasting impacts. In fact, Just… Read more »
November 07, 2023
Africa: A Call to Reframe the Inequitable Global Poverty Definition
When some people living in the Global North hear of the poverty level of less than $2 per day by the United Nations and extreme poverty line of $2.15 per day as defined by the… Read more »
October 26, 2023
South Africa: World Bank Development Loan to Bring Change to Coal-Dependent South Africa?
The World Bank Board has announced in a press release that a U.S.$1 billion Development Policy Loan (DPL) has been offered to support the government's efforts to promote… Read more »
October 25, 2023
South Africa: Over U.S.$5,2 Billion Needed For Transnet's Turnaround Plan
Transnet, a pipeline, rail, and port enterprise owned by the South African government, is asking Treasury for more than U.S.$5,2 million (R100 billion) over the course of the… Read more »
October 09, 2023
Ghana: Ghana IMF Debt Review Looks Promising
The Ghanaian government and the International Monetary Fund agreed at the staff level to the first review of a U.S.$3 billion loan program, clearing the way for a transfer of… Read more »
October 06, 2023
Kenya: President Ruto to Ask for U.S.$1 Billion Loan From China With Extended Repayment Period
President William Ruto will ask China for a U.S.$1 billion loan to complete stalled road construction projects, when he travels to Beijing later this… Read more »
September 27, 2023
Ghana: Future Financial Stability in Doubt as Ghana Sinks Deeper Into Debt
Ghana faces a possible debt default as it's debt crisis sees no end it sight, according to Nile Post. Read more »
September 06, 2023
Africa: UN Chief Guterres Calls on Africa to Become Renewable Energy Superpower #AfricaClimateHope
This continent is rich in renewable energy potential. Read more »
May 19, 2023
Southern Africa: Zimbabwe's Woes Affecting Rest of Region - Chissano
The crisis in Zimbabwe is having “terrible consequences” for the whole of Southern Africa by delaying the building of roads, railways and power lines, says former… Read more »
March 28, 2023
Africa: The Economic Challenges These Countries Are Facing
More and more Africans are experiencing poverty. coupled with the impact of Covid-19 and the war between Russia and Ukraine that intensified just over a year ago, weighs heavily on… Read more »
November 23, 2022
South Africa: Amendment to Finance Bill Welcomed - South African News Briefs - November 23, 2022
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November 17, 2022
Africa: Blowing Hot Air - How Top Emitters are Doing on their Energy Transitions #AfricaClimateCrisis
Finding sustainable forms of energy is one of the critical global challenges we face when dealing with the climate emergency and that means an urgent move away from fossil fuels. Read more »
November 07, 2022
Africa: Perceived Versus Real Risk In African Credit Ratings
The ratings of African governments have enabled a robust Eurobond market for African sovereign bonds with over $300 billion issued in the last couple of decades. Maintaining access… Read more »
October 31, 2022
Ghana: President Reassures Ghanaians Over Talks With IMF
President Nana Akufo-Addo has defended his government's decision to seek a U.S. $3 billion bailout from the International Monetary Fund to help overcome the country's economic… Read more »
June 23, 2022
Africa: IMF Calls for Good Governance, Stronger Anti-Corruption Measures on the Continent
The African Union and the International Monetary Fund (IMF) convened a two-day meeting on good governance and corruption in Botswana to discuss how Africa can reap the benefits of… Read more »
January 14, 2021
Africa: Biden Should Implement a 'Yellen Bond' Plan for African Debt
The OECD (Organisation for Economic Co-operation and Development) has estimated that external capital inflows to emerging market countries shrank in 2020 by about $700 billion… Read more »
December 02, 2020
Africa: Africa Desperate for Debt Relief to Recover From Covid-19
The economic and health costs to Africa of the Covid-19 pandemic are unprecedented by any measure. With the death toll rising above 50,000 and more than two million confirmed… Read more »
November 16, 2020
Africa: Zambia's Debt Default - A Lose-Lose Situation
It’s almost a year since the start of the COVID-19 pandemic, and no country has been spared the brutal economic and social impact. Read more »
May 04, 2020
Africa: When It Rains It Pours - COVID-19 Exacerbates Poverty Risks in Poorest Countries
As the number of COVID-19 cases continues to rise in Africa and Southern Asia, and the global economy enters a synchronized recession unseen since the Second World War, the world's… Read more »
April 07, 2020
Africa: Positive Moves After Finance Ministers Call for Debt Relief During COVID-19 Crisis
The appeal Africa's ministers of finance made to bilateral, multilateral and commercial partners after their online conferences of March 19 and 31, 2020, for the alleviation of… Read more »
January 07, 2020
Africa: How Debt Markets Can Supercharge Trump's 'Prosper Africa' Initiative
The ‘Prosper Africa’ policy launched by the Trump administration last yearto substantially increase U.S. investments in Africa (which pale relative to those from China,… Read more »
February 18, 2019
Mozambique: Debt Scandal - Former President's Son Arrested
The son of Mozambique's former president Armando Guebuza has been arrested in a legal crackdown on suspects linked to a $2-billion government debt scandal, AFP reports. Read more »
December 19, 2018
Mozambique: Debt-Ridden Govt Still Financing Gas Stations
The Filipe Nyusi Nyusi-led government continues financing fuel stations in Mozambique to ensure availability of petrol, diesel, cooking gas and oil, Verdade reports. Read more »
December 05, 2018
South Africa: Dark Times Ahead? Cash-Strapped Power Utility Needs Massive Govt Bailout
In light of festive season power cuts, Eskom's woes continue to mount. The embattled power utility plans to ask the government to absorb about R100 billion - nearly U.S.$7.2… Read more »