Cape Verde: Central Bank warns of “high level” of non-performing loans
The Bank of Cape Verde on Monday August 21 warned of the high level of non-performing loans on the balance sheet of banking institutions in […]
debt
Angola settled almost 400 ME of overdue debt in 2022
The Angolan government paid in 2022 362 billion kwanzas (€397 million) of debt to creditors with emphasis on the National Electricity Company (Ende) and Chinese […]
San Tomean government wants to stop 300ME debt with Angola
The São Tomense government wants to settle a debt of about 300 million euros with Angola, under a new economic cooperation agreement signed with representatives […]
Portugal and Cape Verde to sign agreement to convert debt into climate fund
Prime Ministers of the two countries will sign an agreement on the 23rd aimed at transforming the debt to be applied in investments to increase […]
Mozambique’s public debt to fall below 100% of GDP by 2023
The consultancy Fitch Solutions believes that Mozambique’s public debt should fall below 100% in 2023, due to the acceleration of the economy, higher gas revenues […]
Angola: The National Bank sells $500 million in debt securities
The National Bank of Angola announced Tuesday that it will make public debt securities from its foreign currency portfolio in the amount of US$500 million […]
IMF in Lusaka to bail out debt
The IMF’s financial support to Zambia to bail out a massive debt that has put the country into default is expected to be concluded in […]
Moratorium on Africa’s debt payments is “an indispensable step” –France’s Macron
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
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
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 […]