DRC: Payroll Surge Deepens Fiscal Strain as IMF Flags 2026 Deficit Risk
The State payroll in DR Congo has risen by a further 11 per cent this year, intensifying pressure on public finances, according to Valery Madianga, […]
deficit
Togo Revises 2025 Budget Amid Persistent Economic Uncertainties
Togo’s Government undertook a major adjustment of the national budget on 17 December 2025, adopting a revised finance law for the 2025 fiscal year. The […]
Nigeria’s Renewed Hope Agenda Targets Housing Deficit and Economic Growth
On 18 November 2025, the Federal Government of Nigeria reaffirmed that President Bola Tinubu’s Renewed Hope Agenda prioritises closing the nation’s housing deficit while driving […]
Nigeria Approves $2.85 Billion Foreign Borrowing Plan, Including First-Ever Sovereign Sukuk
On Wednesday, October 29, 2025, Nigeria’s Parliament has approved President Bola Tinubu’s request to secure $2.85 billion in external loans from international debt markets, marking […]
Namibia Records Largest-Ever Trade Deficit in August 2025 Amid Heavy Import Dependence
Namibia recorded its highest-ever trade deficit in August 2025, reaching 5.3 billion Namibian dollars (approximately 308 million U.S. dollars), according to data released by the […]
Kenya Faces Fiscal Dilemma as Ruto Opts for Borrowing Over Tax Hikes
In the wake of rejected tax increases and violent protests, Kenyan President William Ruto has announced plans to borrow heavily to address the country’s growing […]
Africa’s trade deficit with China widens in 2023, with falling commodity prices key factor
Africa’s trade deficit with China has widened to $64 billion as the Asian economic powerhouse recorded a drop in trade with top partners on the […]
Guinea-Bissau’s deficit almost ten times higher than agreed with IMF
The Government of Guinea-Bissau admitted on Wednesday that it will miss the deficit target agreed with the International Monetary Fund (IMF), with a figure that […]
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 […]
Cape Verde’s public accounts with deficit of 4,7 ME until February
Cabo Verde’s public accounts posted a deficit of 523 million escudos (4.7 million euros) until February, according to budget execution data. According to the document […]