Minister of State Denies Debt Moratorium With China
ANGOP
The Minister of State for Economic Coordination, José Massano, clarified Sunday, in Shandong, that the debt relief agreement between Angola and the People's Republic of… Read more »
Paris Club Creditors Cancel 99 Percent of Somalia's Debt
Shabelle
The Paris Club of Creditors has reached an agreement with the government of Somalia that will result in the cancellation of up to $2 billion of the country's debt- approximately… Read more »
SA Company Signs Dubious Deal Over Debt Collections in Lesotho
GroundUp
Award of lucrative tender for collecting outstanding student debt being probed by authorities Read more »
Global South Stagnating Under Heavier Debt Burden
IPS
Much higher interest rates - due to Western central banks - are suffocating developing nations, especially the poorest, causing prolonged debt distress and economic stagnation. Read more »
GOL, AfDB Sign U.S.$40m Loan for MRU Road Development and Transport Facilitation Project Phase 1
FrontPageAfrica
On Friday, March 1, 2024, the Government of Liberia and the African Development Bank (AfDB) signed a US$40 million loan agreement for the Mano River Union Road Development… Read more »
Govt, AfDB Sign U.S.$40 Million Loan
New Republic
The Government of Liberia through the Ministry of Finance,Development Planning and the African Development Bank have signed a US$$40 million loan agreement for the Mano River Road… Read more »
Cardoso Warns Nigeria On Debt Risks
Daily Trust
Central Bank of Nigeria (CBN) governor, Olayemi Cardoso has warned Nigeria and other developing countries to be wary of debt risks saying if left unchecked, they will hinder… Read more »
Govt Gets Plaudits for 2024 Borrowing Plan
The Herald
The Zimbabwean Government's decision to release the 2024 Annual Borrowing Plan (ABP) has been met with positive reactions from analysts and other key economic actors, who see it as… Read more »
Nigerian Govt Offsets $120 Million Debt to Gas Companies
Premium Times
"The arrears gas producers are owed as of last year was about $ 1.3 billion. But between October 2023 and the end of January, the government has paid over $120 million to offset… Read more »
Africa's Debt Crisis Needs a Bold New Approach - & a Way Forward
IPS
It hasn't been easy for African states to finance their developmental and environmental policy objectives over the past few years. Read more »
Zimbabwe's External Creditors Slammed for 55% Interest On Principal Debt
New Zimbabwe
A huge chunk of the country's external debt has been worsened by exorbitant Principal Arrears (PRA) and Interest Rates (IRA) which in turn subdues the country's repayment efforts,… Read more »
South Africa Urgently Needs a Debt Ceiling
The Herald
A debt ceiling 'of around 64 percent of gross domestic product would be appropriate for South Africa, along with some unpopular decisions to get it down from the current 74 percent Read more »
Govt to Raise Zw$ 9 Trillion Amid Debt Crisis
263Chat
The government is set to borrow ZW$ 9 trillion, approximately US$640 million, largely from the domestic market to cover its 2024 budget gap, a move many fear may rattle the local… Read more »
Africa's Debt Crisis Needs a Bold New Approach - Expert [analysis]
The Conversation Africa
It hasn't been easy for African states to finance their developmental and environmental policy objectives over the past few years. Read more »
Ogun Waste Managers Threaten to Withdraw Services Over Huge Debt
Premium Times
"The money being owed members, puts over 1000 direct and indirect jobs on the line should they close shops due to lack of funds to continue operations." Read more »