AllAfrica News: Debt

Addis Ababa -- The Government of Ethiopia has registered better achievements in controlling budget deficit and debt payment restructuring during the past three months of the Ethiopian fiscal yea...

https://allafrica.com/stories/202311240076.html

Monrovia -- Liberia faces a setback as the World Bank suspends its access to "unwithdrawn loans" due to the George Weah administration's failure to service previously disbursed loans, marking a ...

https://allafrica.com/stories/202311230362.html

The 110 former staff members of ABU Zaria obtained a N2.5 billion court judgement in 2015 following their unlawful disengagement by the university in 1996.

https://allafrica.com/stories/202311200051.html

Riyadh, Saudi Arabia -- The Saudi Fund for Development (SFD) on Thursday signed over $580m development loan agreements with 12 African ministers to implement 14 new development projects in vario...

https://allafrica.com/stories/202311170533.html

Nairobi -- Kenyan debt has increased to Sh10.6 due to the uptake of domestic and international loans as well as currency fluctuation.

https://allafrica.com/stories/202311170063.html

Nairobi -- The government intends to pay $300 million of the $2 billion Eurobond in December that is due for payment in June 2024.

https://allafrica.com/stories/202311090671.html

Nairobi -- President William Ruto has revealed that the country has made positive steps to deal with debt distress saying they will make a US$300 million payment in December 2023 towards the US$...

https://allafrica.com/stories/202311090632.html

London -- Credit Suisse on Tuesday withdrew from the trial taking place in the London High Court on the case of Mozambique's "hidden debts'.

https://allafrica.com/stories/202311090122.html

When some people living in the Global North hear of the poverty level of less than $2 per day by the United Nations and extreme poverty line of $2.15 per day as defined by the World Bank, they w...

https://allafrica.com/stories/202311070089.html

Luanda -- The International Monetary Fund (IMF) predicts that Angola's economy will grow in 2024 to over 3 percent, which will accelerate the diversification of the country's economy, the IMF's ...

https://allafrica.com/stories/202311020691.html

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff ...

https://allafrica.com/stories/202311020520.html

China isn't the main cause of Africa's debt crisis, but concerns about transparency and collateral agreements cannot be ignored.

https://allafrica.com/stories/202311020509.html

Lagos -- Nigeria's foreign debt is expected to rise further to about $51 billion, following President Bola Tinubu's request to the Senate, seeking approval to borrow additional $7.8 billion and ...

https://allafrica.com/stories/202311020266.html

Debt and rising debt repayment costs, now the biggest government expenditure, was the thread in Wednesday's Medium-Term Budget Policy Statement. It means everything from no bailouts for state-ow...

https://allafrica.com/stories/202311020124.html

The World Bank Country Director for Nigeria, Shubham Chaudhuri, on Wednesday, said the bank has committed over $11 billion in the past three years for government at both the federal and the sub-...

https://allafrica.com/stories/202311020102.html

The servicing of government's rising debt is "crowding out" social spending in the country, says Finance Minister Enoch Godongwana.

https://allafrica.com/stories/202311020055.html