Tag: debt
As Africa’s debt crisis threatens progress, experts urge bold, homegrown solutions
Africa’s mounting debt burden — now standing at 64.3% of the continent’s GDP — is choking vital investments in health, education, and infrastructure, warns the ... Read More
Nigeria, Malawi and Rwanda have Africa’s worst-performing currencies in 2024
Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, ... Read More
Kuwait extends $2 billion deposit to Egypt through 2025
On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally ... Read More
Commercial court fine deepens Maroc Telecom’s debt
Maroc Telecom reported a soaring debt to 23 billion dirhams, up 32.1% as a result of the compensation it was asked to pay to its ... Read More
Niger again fails to meet debt payment as post-coup woes pile
Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday ... Read More
Tunisia’s new Prime Minister takes oath
Ahmed Hachani, Tunisia’s new Prime Minister swore in on Monday July 31 right after his appointment, before President Kais Saied, a few hours the latter ... Read More
IMF $3bn bailout package for Ghana defies Akufo-Addo’s ‘Ghana beyond aid’ policy
Ghana, formerly praised for its stability and good governance, is finally getting some breathing room after Ghanian officials announced last week (18 May) that the ... Read More
Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current ... Read More
A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa
Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and ... Read More
Nothing’s free: skepticism grows over China’s debt forgiveness
Skeptics say that despite China’s agreement to forgive interest-free loans to 17 African countries as it seeks to dispel debt-trap allegations, the days of Beijing ... Read More