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East Africa: Debt Rises By U.S.$10 Billion, Stoking Fears Over Repayment
East African, 1 April 2018
The region's debt rose by over $10.4 billion last year, as countries ramped up spending on key infrastructure projects, amid concerns about repayment capability. Read more »
East Africa Drowning In Debt
East African governments are being advised to set up independent debt management offices and increase their country's central bank capacity to improve economic management. Debt increased by U.S.$10 billion last year and is reportedly being used to finance key infrastructure projects.
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East Africa: Increasing Debt Burden Termed 'Unsustainable'
East African, 1 April 2018
East Africa's economic managers are walking a tightrope in the face of spiralling external debt largely fuelled by rising public expenditure, particularly on large infrastructure… Read more »
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East Africa: Uganda to Clear U.S.$41m in South Sudan Debts
Monitor, 3 April 2018
Parliament has recommended that the government pays outstanding arrears amounting to $41m (Shs150 billion) to 10 Ugandan companies that supplied maize and sorghum to government of… Read more »
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Uganda: Economy Slowly Recovering But Public Debt Increases
Independent (Kampala), 3 April 2018
Uganda's optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. Read more »
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Africa: Uganda Joins Africa's Big-Debt Club, Central Bank Warns On Default
East African, 23 March 2018
Uganda's national debt has nearly trebled in the last three years to more than 50 per cent of gross domestic product, creating a risk of default risk, since nearly two-thirds of… Read more »
InFocus
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The goverment's loan debt includes 51.9% of foreign loans and 48.1% of domestic loans and does not include recent borrowings which has continued unabated for over five years, ... Read more »
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The two Sudans have agreed to work together to convince the international community to write off their joint foreign debts. Read more »
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Brazil has officially cancelled U.S.$203 million owed by Tanzania for the 1979 construction of the Morogoro-Dodoma road. It is hoped the move will open up opportunities for trading ... Read more »
