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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

Africa: How to Sustain High Growth in Sub-Saharan Africa

After significant strides across sub-Saharan Africa over the past quarter-century, there is now a deterioration in the macroeconomic health of many countries, warns Abebe Aemro… Read more »

Africa: Indian PM Modi's African Safari

Nearly nine months ago the third India-Africa Forum Summit, and the first that included all African states, was held with much fanfare in Delhi. Read more »

Mozambique: Govt Takes First Step to Repairing IMF Ties

The Mozambican government has made an “extensive disclosure of information” to the International Monetary Fund in recent days, after earlier hiding from the IMF more… Read more »

Chad: Chad Makes Progress Through a 'Desert Sandstorm'

On August 1, Chad obtained the approval of the Executive Board of the International Monetary Fund (IMF) to institute a three-year program under its Extended Credit Facility for… Read more »

Zimbabwe: Nation Needs Debt Relief to Recover, Says IMF

Zimbabwe is in a state of "debt distress" and is preparing a request for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative established by international… Read more »

Africa: G20 Leaders Promise Billions for Low-Income Nations

The leaders of the world's 20 biggest economies, recognizing that the global financial crisis has "a disproportionate impact" on vulnerable people in poor countries, have promised… Read more »

Liberia: Big Steps Taken Toward Debt Relief

Liberia is on its way to clearing debts of U.S. $1.5 billion to international financial institutions under relief schemes designed for the world’s most heavily-indebted… Read more »

Liberia: IMF Announces Debt Relief Milestone

The International Monetary Fund has announced an important milestone in granting substantial debt relief to Liberia. Read more »

Mali: New Film Focuses on Life and Debt in Africa

Bamako, a film set in that city, is a complex and ingenious production dealing with Africa's relationship with the West. Read more »

South Africa: Country to Help Clear Liberia's Debt

South Africa is to contribute US$3,6 million towards clearing Liberia's debts to the African Development Bank (ADB). Read more »

Cape Verde: Well-Governed African Nations Merit Attention, Says Prime Minister

"In African countries at-large there is not close attention being given to countries that have good government," Cape Verde Prime Minister, Jose Maria Neves said Thursday… Read more »

Nigeria: Govt Free of Most Foreign Debt, Pledges Social Investments

Dr. Ngozi Okonjo-Iweala, the finance minister of Nigeria, says that a significant portion of the nation's revenues can be re-targeted to improve the lives of Nigerians, now that… Read more »

Africa: Religious Leaders Seek To 'Keep The Momentum Going' On Millennium Goals - Ndungane

As world leaders convened in New York for the UN World Summit in New York earlier this month, influential religious leaders from around the world met last weekend to discuss the… Read more »

Africa: Japan Announces New Aid, 'Marshall Plan' for Africa

Japanese Prime Minister Junichiro Koizumi has pledged to increase his country's aid to Africa to $5 billion over the next three years, according to the Asahi Shimbun, a Japanese… Read more »

Africa: Aid Should be Tied to Needs, Goals, Says U.S. Official

However distracted by Thursday's bombings in London, the G8 meetings in Gleneagles, Scotland continued with consideration of global climate change and a working lunch that South… Read more »

Zambia: Zambia Is a Peaceful Destination for Tourism and Investment - Mwanawasa

Levy Mwanawasa, who took part in last week's U.S.-Africa Business Summit, became president of Zambia in January 2002 after a hotly contested election the previous month in which he… Read more »

Mozambique: Country Pursuing Investment for Development, President Says

Armando Guebuza, who won the presidency of Mozambique in December 2004 elections, is one of the African leaders attending the Corporate Council on Africa's Business Summit in… Read more »