AfDB

Fixing Africa’s triple set of dilemmas: high debt, large govt spending, collapsing currencies

Governments of highly indebted African countries need to take a number of steps to alleviate the stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilizing domestic currencies. While South Africa’s elevated public debt at 74% of GDP has almost doubled over the last decade, Kenya’s debt interest payment as a […]

Niger: Military helicopter crashes, three crew members killed

Niger’s ministry of Defense announced Monday the crash of a military helicopter and the death of three members of the crew, during a drill. “This Monday, December 26, 2022, around 10:40 am local time, an MI-17 helicopter of the Nigerien Armed Forces, returning from a routine training flight, crashed while landing on the military runway […]

Mauritanian President ignores Polisario emissary

Mauritania’s President Mohamed ould Cheikh El Ghazouani has refused to receive a Polisario emissary who is in Nouakchott for five days, reported le360.ma, saying that the move irked Algeria which continues to pull the strings of the separatist militia. The Polisario envoy, Mustapha Sayed, has been in Nouakchott for five days without being able to […]