Morocco Jamaa lefna

Gabon restructures portion of debt to finance ocean protection

Gabon has converted $163 million, a third of its debt, into funds to protect its oceans, US-based NGO The Nature Conservancy (TNC) and the Government of the central African country said Tuesday August 15. The swap operation marks “the start of a 15-year conservation project… to help Gabon finance ocean protection and management for 30 […]

The six African countries with highest debt to GDP ratios

Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent. This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are […]

Rwanda in mourning: Africa and world commemorate 30th genocide anniversary

African heads of state gathered in Rwanda’s capital Kigali on Sunday (7 April) as the small African nation marks 30 years since the genocide orchestrated by armed Hutu that killed an estimated 800,000 people, mainly ethnic Tutsis. As Rwanda commemorates 30 years after one of the bloodiest massacres of the 20th century, President Paul Kagame […]