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 […]
debt
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 […]
Sudan can end economic crisis
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 […]