AfDB Unveils 2025–2030 Strategy to Support Namibia’s Economic Transformation
The African Development Bank (AfDB) on Wednesday, March 11, launched its Country Strategy Paper for 2025–2030 for Namibia, outlining a range of financing and investment […]
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AfDB Approves Additional Debt Relief to Bolster Somalia’s Economic Recovery
The African Development Bank Group (AfDB) has granted nearly 18 million US dollars in additional debt relief to Somalia, according to an announcement made on […]
Mozambique Pays Over $42 Million to China in Debt Service Despite Loan Relief Measures
Mozambique paid more than US$42.2 million to China in debt service over a three-month period, making Beijing its largest bilateral creditor, according to data from […]
AfDB Commits $500m to Propel Ethiopia’s $10bn Mega-Airport Project
The African Development Bank (AfDB) has pledged a $500 million loan towards Ethiopia’s new $10 billion international airport in Bishoftu, southeast of Addis Ababa. The […]
Angola issues €1.5 billion debt to secure JP Morgan loan
Angola’s Ministry of Finance has secured a $400 million loan from U.S.-based bank JP Morgan, backed by a public debt issuance of $1.5 billion as […]
European Union Backs Cameroon’s Infrastructure Development with Major Loan
The European Union has committed to a €91-million-loan package to strengthen Cameroon’s infrastructure over the next three years. The agreement, announced in Yaoundé, aims to […]
World Bank Approves $2.25B Loan to Support Nigeria’s Economic Reforms Amid Hardship
The World Bank has granted Nigeria a $2.25 billion loan to bolster revenue and support economic reforms that have inadvertently contributed to the country’s worst […]
Ethiopia seeks $7bln loan from IMF, WB
Ethiopian authorities seek to borrow 3.5 billion dollars from the IMF and a similar amount from the World Bank to meet its hard currency needs, […]
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 […]
External loan disbursements to Mozambique halved in March
Foreign loan disbursements to Mozambique fell to 120 million dollars (110 million euros) in the first quarter 2023, less than half compared to the same […]