Floods ravage Nigeria, killing 179 and displacing thousands
The devastating floods in Nigeria have caused widespread damage to infrastructure, agriculture, and livelihoods.
Floods ravage Nigeria, killing 179 and displacing thousands Read More »
Debt
Egypt inflation slows, but central bank lending to govt surges
Egypt’s central bank has increased its lending to the government, fueling concerns about economic stability and inflation.
Egypt inflation slows, but central bank lending to govt surges Read More »
Ghana’s debt restructuring plan takes final steps
Investors in Ghana’s Eurobonds have a chance to swap their holdings for reissued bonds.
Ghana’s debt restructuring plan takes final steps Read More »
Ethiopia seeks debt relief amid economic crisis
Ethiopia is grappling with a severe debt crisis, seeking relief through restructuring.
Ethiopia seeks debt relief amid economic crisis Read More »
Cameroon issues $550 million bond with 10.75 pct coupon
Cameroon’s government successfully raised $550 million through a bond sale to address domestic debt and stimulate economic growth.
Cameroon issues $550 million bond with 10.75 pct coupon Read More »
Ethiopia eases foreign exchange curbs to attract bailout
The move aims to attract a $10.5 billion bailout package from international lenders to address the country’s economic crisis, including high debt, inflation, and foreign currency shortages.
Ethiopia eases foreign exchange curbs to attract bailout Read More »
Niger’s economy rebounds with oil exports, IMF aid
The IMF approved $71 million for Niger despite a military coup, while urging the country to improve debt management and fight corruption.
Niger’s economy rebounds with oil exports, IMF aid Read More »
Ghana’s growth sprouts as debt talks resume
Ghana’s economy grew in the first quarter of 2024 despite facing upcoming debt restructuring talks with bondholders.
Ghana’s growth sprouts as debt talks resume Read More »
High borrowing rates cripple Africa’s development, leaders say
Facing high debt and unfair borrowing costs, African leaders urge reform of the global financial system.
High borrowing rates cripple Africa’s development, leaders say Read More »
AfDB’s Adesina warns against unequal resource deals
Resource-backed loans are risky and can lead to exploitation by lenders, the African Development Bank urges a new approach.
AfDB’s Adesina warns against unequal resource deals Read More »