International Monetary Fund's Kenyan representative Jan Mikkelsen says while the economy proved to be "resilient to drought and a prolonged election period this year", the rising ... Read more »
The International Monetary Fund has warned Nigeria and other sub-Saharan African countries of excessive debt services in the respective economies. According to IMF, debt servicing ... Read more »
The government says it has recovered U.S.$65 million debt owed to it by Niger and Benin as part-payment for electricity supplied to the two neighbouring countries. Read more »
The U.S. Justice Department and Federal Bureau of Investigation are investigating three international banks for their roles in selling about U.S.$2 billion of debt for Mozambique, ... Read more »
China has announced the pardoning of U.S.$36 million in debt, although the full amount owed by Mozambique has not been revealed. This comes at a time the Filipe Nyusi-led ... Read more »
Minister of Finance Kemi Adeosun has expressed confidence that the federal government's revenue and debt management strategy will mitigate the country's debt service risk and ... Read more »
Minister of Finance Kemi Adeosun has revealed that U.S.$3 billion of the U.S.$5.5 billion, which it plans to raise from the international financial market, will be used to ... Read more »
Etisalat Nigeria, now called 9Mobile, took out a syndicated loan from 13 Nigerian banks but failed to make repayments earlier this year. Read more »
The National Railways of Zimbabwe has struck a deal with a consortium led by the Diaspora Infrastructure Development Group and South Africa's Transnet. Read more »
Kemi Adeosun, Minister of Finance, has said that Nigerians need to tolerate the recurring borrowing and negotiations as they are temporary and aimed at delivering the rail system, ... Read more »
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