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 […]
debt
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 […]
IMF to consider bailout for debt-crippled Congo Republic
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
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
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
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
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
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 […]