Ghana had reached a deal with bondholders that will forgo nearly $5 billion in a sovereign debt restructuring deal that would help the country avoid default. The deal marks a key step in the country’s quest to restructure its $13 billion debt that left the country on the brink of financial collapse. Bondholders including Abrdn, […]
Guinea’s Supreme Court on Sunday evening confirmed the final results of the Dec. 28 presidential election, declaring transitional leader Mamady Doumbouya the winner with 86.72 per cent of the vote and formally proclaiming him president for a seven-year term. Supreme Court First President Fodé Bangoura announced the decision at a press briefing, citing constitutional provisions. […]
Four East African Community (EAC) member states — Rwanda, Burundi, Democratic Republic of Congo (DRC) and South Sudan — have joined the joint project by Kenya and Uganda to develop a modern railway to ease movement of goods on the Northern Corridor. The decision was made during a meeting of the Joint Ministerial Committee on […]
