All aboard ‘The Debt Express’: China’s pincer movement on Africa
The Nairobi to Mombasa train is the side of Kenya’s expensively-assembled railway that its government would prefer the world sees. ...
Tag: Debt
Nigeria’s Borrowing Binge, Poverty Soars | By Peter Obi
On July 22, 2025, the Nigerian Senate approved an additional $21 billion, €2.2 billion, ¥15 billion of external borrowing for ...
The Way Out of Africa’s Debt Doom Loop
By Hippolyte Fofack “All animals are equal, but some animals are more equal than others,” George Orwell famously wrote in ...
Africa’s debt crisis needs a bold new approach: Expert outlines a way forward
By Prof. Danny Bradlow It hasn’t been easy for African states to finance their developmental and environmental policy objectives over ...
Niger defaults on debt payments again as post-coup woes pile
Niger missed a debt payment of 13.4 billion CFA francs ($22m) last week, the West African debt management agency said ...
Bad Debtor: Court Orders Seizure Of Senator Victor Umeh Assets Over N136m Bank Debt
A Federal High Court in Abuja has ordered Senator Victor Umeh, representing Anambra Central Senatorial District, to pay N135,722,303.40k along ...
Kenya’s Debt: Worried William Ruto
Since taking office last September, Kenya’s President William Ruto has focused on reducing the country’s national debt to tackle the ...
IMF says Ethiopia’s $2bln funding hinges on debt-restructuring efforts
The $2 billion loan for Ethiopia will need clear commitments from development partners and financing assurances from G20 Common Framework ...
EXCLUSIVE | IMF African Department Director, Abebe Selassie, weighs in on fuel subsidies, debt restructuring in Africa countries
Sub-Saharan Africa is not alone, of course. There is a global slowdown in the region, as elsewhere, is feeling the ...
Yellen to push for ‘speedy’ action on Zambia, Ghana debt relief
United States Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for ...
In Ghana, Vice President Kamala Harris to call for debt reduction for African nations
United States Vice President Kamala D. Harris will have her first full day in Ghana on Monday, after arriving there ...
Ghana’s move to restructure cedi, overseas debt weighing on banks from Africa to the UK
Ghana is restructuring most of its public debt, estimated at 576 billion cedis, to finalize a $3 billion bailout from ...
Ghana begs China for possible debt cancellation
Ghana has moved to the next stage of handling the government's debts internationally and has initiated talks with China over ...
Zambia joins Ghana in quest to restructure its debt under the G20 Common Framework
On Monday, the president of Zambia Hakainde Hichilema, called to his country’s creditors to restructure Zambia’s debt, so as to ...
15% of low-income countries are already in debt distress – IMF
The International Monetary Fund (IMF) has stated that about 15% of low-income countries are already in debt distress.
Igbo Attire at Same-Sex Wedding Sparks Firestorm
Senegal AFCON 2025 Champions: A Title, a Tempest, and a Tale for the Ages
Sierra Leone Marks First National Day of Remembrance for Civil War Victims
IMF Approves Immediate Disbursement of About US$261 Million to Ethiopia
Senegal win chaotic AFCON final after Morocco miss penalty and stage walk-off protest
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