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Egypt’s path to economic recovery hinges on IMF reforms, fiscal discipline

As Egypt navigates its economic recovery, a notable divergence has emerged between Government projections and IMF estimates regarding public debt reduction. While the Egyptian Government targets a reduction of public debt to 85% of GDP by the end of FY2024/25 and to 80% by mid-2027, the IMF forecasts a slower decline from 92.9% to 73.9% […]

Libya contemplates seizure of Zambia’s international assets over $380-million debt

Libya’s telecommunications investor LAP GreenN, controlled by the UN-backed Government of National Accord (GNA) is considering seizure of Zambia’s international asset in a bid to recoup $380 million that Southern African country owes it.   The debt, LAP GreenN notes, dates back to Zambia’s nationalization of Zamtel in 2012, a year after LAP GreenN bought […]

UN warns Congo’s M23 rebels war could spill over to region

UN chief Antonio Guterres warned that the ongoing war between the central government of DR Congo and the M23 rebels in the east could spiral into a regional war. Guterres rang the alarm bell as 178,000 people were forced to displace amid a surge in M23 insurgency in the past two weeks. Tutsi-led M23 is […]