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Paying Too Much for Lending, Africa?

The problem is not that African countries are borrowing too much, but rather they are paying too much interest. There are a number of reasons for this, including badly informed ratings by rating agencies, as well as the behaviour of issuers, writes Misheck Mutize for The Conversation.

Africa: Countries Aren't Borrowing Too Much - They're Paying Too Much for Debt

The Conversation Africa, 19 February 2020

There is renewed concern about the sustainability of rising debt levels in many African countries. Much of this debt is being incurred through foreign currency denominated… Read more »

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Tanzania: SGR on Track After Govt Secures U.S.$1.46 Billion More for Project

East African, 15 February 2020

Tanzania has had a breakthrough in its standard gauge railway (SGR) external financing and the government no longer has to dig into its pockets to complete the $7.6 billion… Read more »
Nigeria: IMF Cuts Nigeria's 2020 Economic Growth Forecast

Premium Times, 18 February 2020

The International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria to two per cent from the 2.5 per cent it predicted earlier. Read more »
Africa: African Development Bank Rebuts World Bank President's comments on Africa's debt profile

African Development Bank, 13 February 2020

Abidjan, Cote d’Ivoire, 13 February 2020 - In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks,… Read more »
Nigeria: National Assembly to Approve U.S.$3.3 Billion Eurobond Sale

This Day, 12 February 2020

President Muhammadu Buhari has asked the National Assembly to approve the sale of $3.3 billion in Eurobonds. Read more »
Uganda: Government to Borrow More Shs430b for Oil Roads

Monitor, 12 February 2020

Cabinet on Monday agreed to borrow about Euros 108m (about Shs430b) from China for construction of oil roads. Read more »
Nigeria: 'Nigeria Does Not Have the Capacity to Borrow $23 Billion'

Daily Trust, 13 February 2020

Financial Analyst and Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has said the country does not have the capacity to borrow $23 billion as currently… Read more »
Nigeria: The Ticking Debt Bomb

This Day, 10 February 2020

Government should halt the journey to another debt trap Read more »
Nigeria: Nigeria Will Get First Tranche of $3bn Loan Soon - World Bank

Daily Trust, 10 February 2020

The World Bank has confirmed that discussions on its first tranche of the $3bn loan request to Nigeria have reached advanced stage and projected that the sum would be approved and… Read more »
Nigeria: What Govt Needs to Do to Avoid World Bank's 'Worst Case Scenario'

The Conversation Africa, 19 January 2020

In its latest report on Nigeria, the World Bank issued a stark warning: that the country risks becoming home to a quarter of the world's destitute people in a decade unless… Read more »
Nigeria: Nothing Wrong in Govt's Borrowing, Says Expert

This Day, 30 December 2019

The Executive Director of Finance and Chief Financial Officer of OES Energy Services, Mogaji Adegboyega Adegoke, has backed President Mohammadu Buhari's request for the approval of… Read more »
Togo: First International Private Loan

Togonews, 20 December 2019

The Ministry of Economy and Finance of the Togolese Republic is pleased to announce the signature on December 18th 2019 of a first transaction on the international market by the… Read more »