"The government went on a borrowing spree over the last few years and was then unable to repay," notes Peter Leon, co-chair of the Africa group at the law firm Herbert Smith ... Read more »

A Harare lawyer has approached the High Court demanding to know the total amount of debt that Zimbabwe owes to internal and external creditors. Besides Zimbabwe being heavily ... Read more »

The International Monetary Fund (IMF) has released a statement disclosing that tax, governance and monetary policy reforms, are part of its ongoing debt negotiations with the ... Read more »

Mozambique's public debt currently stands at U.S.$12.37 billion, of which about 16% is owed to China, Minister of Economy and Finance, Adriano Maleiane has said. Of the total ... Read more »

South Sudan has secured a U.S.$52.3 million loan  from the International Monetary Fund (IMF) to address its urgent balance of payments needs. Announcing the loan approval ... Read more »

Typhoid fever and diarrhoea cases have fallen significantly in the capital city Kampala and the district of Kawempe, according to an African Development Bank report. Kawempe has ... Read more »

The Zimbabwean government has, for a prolonged period, been engaged in a losing battle to stem illegal foreign exchange market activities. President Emmerson Mnangagwa's government ... Read more »

The Bank of Uganda has said foreign-based commercial banks do not need its approval to lend funds originating abroad, bringing relief to Kenyan banks that had been rattled by a ... Read more »

More than 2,600 records obtained by BuzzFeed News and shared with the International Consortium of Investigative Journalists show that banks, money transfer companies and other ... Read more »

Business empires grown by Angolans during the rule of former President José Eduardo dos Santos are facing crackdowns in Europe, reports the International Consortium of ... Read more »