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Kenya faces difficult times ahead because of pressure to pay debts, create jobs for the youth, offer improved services to citizens and uproot entrenched corruption.
ZIMBABWE's total debt has soared to US$20, 5 billion with the government resorting to local borrowing in a development likely to see the debt situation worsening.
Nairobi -- Former Bomet Governor Isaac Ruto risks facing a lawsuit over an alleged unpaid sum of Sh5 million for 50 cattle supplied to his ranch for a beef project.
Nairobi -- President William Ruto has reassured Kenyans that the newly appointed public debt audit task force will uncover the full extent of the nation's public debt, which has significantly im...
Walvis Bay residents say they will not tolerate RedForce Debt Management's operations on behalf of the town's municipality.
TANZANIA -- THE Bank of Tanzania (BoT) published the Treasury bonds issuance calendar for the first half of the fiscal year 2024/25.
The Debt Management Office (DMO) said Nigeria's debt-to- Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country's...
The R78 billion debt owed to Eskom by municipalities must be urgently addressed to protect the ability of the power utility to fulfil its mandate.
Nairobi -- The High Court has suspended the Presidential Taskforce on the forensic audit of public debt pending the determination of the petition.
Nairobi -- The Public Service Commission (PSC) has appointed Raphael Owino as the new Director General of Public Debt Management at Treasury.
A Government employee lending institution and Long term insurer, acting as the trusted advisor, Entrepo Holdings has secured an N$900 million debt funding solution from RMB Namibia.
The US was the target of pointed criticism from the International Monetary Fund last week, with the organisation calling out everything from Washington's trade policy to its deficits.
While accusing the government of hiding the truth and not providing practical solutions to the country's economic problems, he called for a national dialogue on Ghana's economy.
Amidst a sharp rise in Nigeria's external debt to approximately $45 billion and an exodus of investors, the Chief Executive of CFG Advisory, Tilewa Adebajo, has emphasised the need for urgent le...
Namibia's national debt has gone up by more than half in relation to gross domestic product (GDP) in the last seven years.
Maputo -- The Mozambican Ministry of Economy and Finance and the Attorney-General's Office (PGR) announced on Monday that the government has obtained an out-of-court settlement with the banks wh...
Maputo -- Maputo 2 Jul (AIM) - The residents of several neighborhoods of Maputo city are facing heaps of foul-smelling rubbish in the streets because the municipal council has stopped collecting...
Nairobi -- President William Ruto expressed regret that the government will be forced to borrow an additional Sh1 trillion in the Financial Year 2024/2025 due to the withdrawal of the Finance Bi...
The Nigerian Education Loan Fund (NELFUND) has met over the approval for disbursement of student loan to successful applicants.
The Debt Management Office (DMO) yesterday clarified that Nigeria's fresh borrowing was N7.71 trillion in the first quarter of 2024.
Flagbearer of the National Democratic Congress (NDC), thanked the South Korea for their debt forgiveness.
The Finance Ministry said a recent report of the Institute of International Finance (IIF) asserted that Egypt has repaid $25 billion of its domestic and external public debts since March.
Minister of Finance and Economic Affairs Simplex Chithyola Banda has disclosed that negotiations with debtors over debt restructuring have started bearing fruits as Malawi has signed a supplemen...
Monrovia, Liberia -- Debtors to the United Methodists University, including lawmakers here, risk having their names published, as the administration says patience is running out.
First City Monument Bank Asset Management Limited in collaboration with TLG Capital Investment Limited, United Kingdom (FCMB-TLG) has opened the first series of their Private Debt Fund for inves...
Nume Ekeghe
In US dollars, the figure fell from $108.2 in December 2023 to $91.4 in March
The DMO official said that the debt report was somewhat an improvement from the past, before President Bola Tinubu's government.