May 22
Ghana: Can We Avoid Future IMF Credit? [opinion]
Ghanaian Times
At long last, the Executive Board of the International Monetary Fund (IMF) has approved the long-awaited $3-billion bailout being sought by Ghana to reset its economy to ease the… Read more »
May 21
Nigeria: The Buhari Legacy - Killings Without End, N77 Trillion Debt, 22% Inflation [opinion]
Vanguard
It may be wrong to assume President Muhammadu Buhari's legacy would be a subject of controversy. Read more »
Nigeria: Afe Babalola Urges Incoming Federal Government to Seek Debt Relief for Nigeria
Premium Times
Mr Babalola also enjoined the incoming administration to cut expenditures and undertake reforms to scale down governance costs and ease the country's fiscal burden. Read more »
May 20
Ghana: IMF Deal - Brace up for Tough Times Ahead - Minority
Ghanaian Times
The Minority in Parliament has admonished Ghanaians to brace themselves up for difficult economic times ahead as Ghana reached an agreement with the International Monetary Fund… Read more »
Somalia: IMF Completes Fifth Review of Somalia's Long-Running Debt Relief
Shabelle
Washington, DC: On May 17, 2023, the Executive Board of the International Monetary Fund (IMF) completed the fifth review of the Extended Credit Facility (ECF) arrangement for… Read more »
May 19
Southern Africa: Zimbabwe's Woes Affecting Rest of Region - Chissano
allAfrica
The crisis in Zimbabwe is having “terrible consequences” for the whole of Southern Africa by delaying the building of roads, railways and power lines, says former… Read more »
Zimbabwe: Debt Clearance Tied to Farmers' Compensation and Credible Polls
RFI
The African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The… Read more »
Ghana: Ghana's Chronological Developmental Aspirations Up to the Present - and the Future Perspectives [opinion]
Ghanaian Times
The present ongoing developmental aspiration of Ghana is known as Ghana Beyond Aid Agenda. Read more »
May 18
Africa: Human Rights & Sovereign Debt Restructurings - a Proposal for an Optimal Outcome [opinion]
IPS
Zambia defaulted on its debt in November 2021 but has not yet reached an agreement with its creditors. Its president recently warned that this situation is hurting its citizens and… Read more »
Nigeria: $800m Loan - 'Too Late to Incur Debt for Incoming Govt,' Moghalu Tells Buhari
Vanguard
...insists subsidy is a drain pipe of Nigeria's resources Read more »
May 17
Angola: Angola's Debt to China Valued At U.S.$20 Billion Dollars
ANGOP
The Chinese ambassador Gong Tao on Wednesday told press in Luanda that Angola's debt to China is estimated at $20 billion dollars and it represents 42.5% of the country's external… Read more »
May 15
Ghana: President Akufo-Addo Elated for Creditor Committee's Support to Ghana's U.S.$3 Billion IMF Bail Out
GhanaToday
President Nana Addo Dankwa Akufo-Addo has welcomed the news by the creditor committee for Ghana formed by countries with eligible claims on the country for the swift adoption by… Read more »
May 13
Ghana: Paris Club Gives Green Light for U.S.$3 Billion IMF Programme - Finance Minister
Ghanaian Times
The Paris Club yesterday agreed to establish the Official Creditor Committee (OCC) under the G20 Common Framework for Debt Treatments, to seek financing assurances from bilateral… Read more »
May 12
Somalia: Somalia's Hope for Debt Relief Under Threat, Experts Warn
VOA
A renewed political dispute between the federal government of Somalia and the Puntland federal member state, and a failure of the fragile reforms to boost revenue collection and… Read more »
May 11
Zambia: Govt Asks France to Use 'Influence' to Speed Up Debt Restructuring
RFI
Zambian President Hakainde Hichilema has asked French President Emmanuel Macron to use his global influence to help move forward a long-delayed restructuring of Zambia's foreign… Read more »
May 05
Africa: Achieving Debt Sustainability and Economic Resilience in Africa
Africa Renewal
Multilateral development banks should listen to African stakeholders; lend in local currency, collaborate with regional and national bodies such as Public Development Banks; and… Read more »
May 03
Ghana: Parliament Approves 7 Loan Agreements
Ghanaian Times
Parliament has by a resolution at an emergency sitting of Parliament, in Accra, yesterday, approved seven loan agreements to finance government projects. Read more »
May 01
Nigeria: DMO Defends $13bn Indebtedness to World Bank
Vanguard
The Debt Management Office, DMO, has saidthat Nigeria's $13.46 billion World Bank loan is a plus because the loans which came from the international Development Association (IDA)… Read more »
Nigeria: Failure to Recover Amcon's N4tn Debt Will Hurt Economy, Kuru Warns
This Day
*Urges stakeholders not to allow few debtors escape with our commonwealth Read more »
April 26
Ghana: IEA Proposes Imposition of Debt Ceiling of 60 Percent of GDP
Ghanaian Times
The Institute of Economic Affairs (IEA) is proposing a strict oversight by Parliament over borrowing and debt accumulation as per Article 181 of the Constitution. Read more »
April 25
Kenya: Cap National Debt to GDP, Nakuru Residents Urge
Capital FM
Residents of Nakuru County have backed plans by the National Treasury to cap the national debt as a percentage of the Gross Domestic Product (GDP), to encourage productivity. Read more »
April 21
Ghana: World Bank to Advance U.S.$1 Billion to Ghana Under IMF Programme - Finance Minister
Ghanaian Times
The World Bank is expected to advance almost $1 billion to Ghana if the country secures an International Monetary Fund (IMF) programme. Read more »
April 05
Zimbabwe: 'Pathway to Hope' - It's Time to Give Zimbabwe Back to the People [analysis]
Daily Maverick
Zanu-PF today is a ruling party steeped in patronage politics and captured by rogue capitalists and criminals of all stripes who are making millions out of a crooked system while… Read more »