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debt

Moratorium on Africa’s debt payments is “an indispensable step” –France’s Macron

April 16, 2020 Steven Addamah 0

French President Emmanuel Macron on Wednesday urged international creditors to relieve African countries of debt payments this year to help them deal with the coronavirus […]

Chinese FM welcomed in Ethiopia, dismisses Africa debt fears

January 4, 2019 Steven Addamah 0

China’s foreign minister, Wang Yi, on Thursday said Beijing will continue supplying loans to African governments despite accusations that China’s increased investments on the continent […]

South African Airways could see a profit by 2021 – CEO

September 27, 2018 Steven Addamah 0

South African Airways chief executive Vuyani Jarana said the debt-plagued airline is making steady progress to achieve profitability at the end of the 2021 financial […]

IMF to consider bailout for debt-crippled Congo Republic

June 28, 2018 Khalid Al Mouahidi 0

The Executive Board of the International Monetary Fund will examine Congo Republic’s request for a bailout on July 6, the international lender said on Wednesday. […]

African nations at risk of debt distress despite growth – IMF

May 9, 2018 Steven Addamah 0

The International Monetary Fund on Tuesday warned that Sub-Saharan African nations are at growing risk of debt distress. This came in the IMF regional economic […]

Nigeria to raise $2.5 billion through Eurobonds

January 26, 2018 Khalid Al Mouahidi 0

Nigeria will raise $2.5 billion through Eurobonds in the first quarter, the Debt Management Office (DMO) said on Thursday. According to the head of the […]

IMF says more work needed before Congo’s debt-plagued economy bailout

December 21, 2017 Geraldine Boechat 0

The International Monetary Fund (IMF) has concluded its negotiation mission in Congo without reaching an agreement on an assistance package, the Washington-based international lender said […]

Kenya: gov’t, banks agree to convert Kenya Airways’ debt to equity

November 13, 2017 Steven Addamah 0

The Kenyan government has agreed with local lenders to convert more than $400 million of Kenya Airways’ debt into equity, increasing the government stake to […]

African Development Bank outlook stable – Fitch Affirms

August 9, 2017 Khalid Al Mouahidi 0

Fitch Ratings has confirmed the African Development Bank’s (AfDB’s) Issuer Default Rating (IDR) rating, keeping it at “AAA” with a stable outlook. AfDB enjoys strong […]

Sudan can end economic crisis

September 4, 2012 Steven Addamah 0

The IMF has praised the austerity measures of the government but asked for the tax collection to be improved in order to subsidize its oil […]

News

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    May 19, 2022 0
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    May 18, 2022 0
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    May 18, 2022 0
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    Ugandan troops to leave DRC on May 31

    May 18, 2022 0
  • Kenya: 9th Africities Summit Opens in Kisumu with Participation of Morocco

    May 17, 2022 0

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