Ghana Faces Imminent Power Crises As Karpowership Threatens Shutdown Over $370m Debt
Ghanaian Times
The operators of the Karpowership have notified the Government that it will not be able to continue with the supply of power if the debt owed the company is not settled… Read more »
High Interest Rates, Credit Downgrade Strain Kenya's Debt Management - Report
Capital FM
Kenya's public debt management has been severely impacted by high interest rates both globally and in the domestic market, according to the Medium-Term Debt Management Strategy… Read more »
Bus Body-Builder Labh Singh Harnam Singh Shuts Down Amid Debt
Capital FM
Bus body-building firm Labh Singh Harnam Singh Limited has been placed under administration, stripping its directors of control over the company's assets. Read more »
Gabon Appoints New Economy Minister Amid Mounting Debt Challenges
Daba Finance
Gabon's military leader, Brice Oligui Nguema, appointed Mark Doumba as the new economy minister Doumba, a Harvard-trained entrepreneur, will tackle the nation's growing debt… Read more »
Govt's Sh25bn Debt to Defunct NHIF Stalls Payments to Hospitals
Capital FM
Unpaid government premiums totalling Sh25 billion owed to the defunct National Health Insurance Fund (NHIF) have stalled the clearance of Sh30.9 billion in outstanding payments to… Read more »
Global Emission - Actionaid Canvasses Climate Justice, Cancellation of Nigeria, Other Developing Countries' Debt
This Day
ActionAid Nigeria (AAN) has called for climate justice and the cancellation of Nigeria's foreign debt as well as that of other African countries to appease the damage done by… Read more »
IMF Says Ethiopia Near Debt Restructuring Deal With Creditors
Daba Finance
Ethiopia is close to finalizing debt restructuring talks under the G20's Common Framework The country defaulted on its $1 billion Eurobond in 2023 and has been negotiating with… Read more »
Nigeria Must Turn Debt to Economic Asset for Growth - VP Shettima
Leadership
Vice President Kashim Shettima has inaugurated the Supervisory Board of the Debt Management Office (DMO) as part of efforts by the Federal Government to strengthen fiscal and… Read more »
South Africa's Debt Has Skyrocketed - New Rules Are Needed to Manage It [analysis]
The Conversation Africa
South Africa's fiscal trajectory paints a concerning picture. Public expenditure exceeds revenue. As a result sovereign debt is building up and interest on this debt is increasing. Read more »
Govt Begins Validation of Debt to Road Contractors - Roads Minister
GhanaToday
The Minister for Roads and Highways, Mr Kwame Agbodza, has disclosed that the government has commenced a validation process to ascertain the actual indebtedness to road… Read more »
Fact-Checking Former Minister Osita Chidoka's Claims On Nigeria's 2025 Budget, Debt and Policing
Africa Check
Fact-checking former minister Osita Chidoka's claims on Nigeria's 2025 budget, debt and policing Read more »
Uganda's Public Debt Worrying, Says Akena
Nile Post
Uganda's public debt has been steadily rising since 1986, when the National Resistance Movement (NRM) government took power. Read more »
Consortium Drags National Stadium Bid Concession Winner to Adr At FCT High Court Over Debt
This Day
Following the failure to settle the debt owed to them, a Technical Consortium to Messrs GreenArps Project Limited on the concession of the National Stadium in Lagos dragged the… Read more »
Nigeria's Public Debt Rises By N8.02trn to N142.3trn in Q3 2024
Daily Trust
Nigeria's total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97% (N8.02 trillion) compared to N134.3 trillion in June 2024. Read more »
Kenya At High Risk of Debt Distress - New Report
Capital FM
Kenya remains at a heightened risk of debt distress, despite the government's successful sale of a $2 billion Eurobond last year, according to a new report from the Institute of… Read more »
