Monday, October 7, 2024
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Debt Crisis

How Kenya’s treasury squandered Sh55 billions in debt penalties

In a damning revelation, a special audit has uncovered how Kenya's treasury squandered Sh55.8 billion in debt penalties over...

Kenya repays $560 million Eurobond debt with World Bank support

Kenya has successfully repaid the remaining balance of $560 million for the 2014 Eurobond debt with the support of...

Uganda to reduce commercial borrowing to tackle debt crisis

Uganda has been facing a mounting public debt crisis, with the government borrowing extensively for big infrastructure projects under...

Nigeria’s debt servicing surpasses $2.2 billion in five months

Nigeria has been grappling with the issue of debt servicing for quite some time now, with the latest data...

Why Africa donors are transitioning from aid to loans

As Africa continues to face a mounting debt crisis, the shift from aid to loans by donors is exacerbating...

African nations grapple with $75 billion debt interest payment burden

African nations are a daunting challenge as they grapple with a staggering $75 billion debt interest payment burden this year. This...

President Ruto warns of unsustainable global financial architecture

According to President Ruto, the existing financial system poses significant obstacles to sustainable development and climate action in Africa.

How Kenya shilling appreciation is reshaping Dollar debt share

In recent months, the Kenyan shilling has been steadily appreciating against major foreign currencies, leading to a reshaping of...

Ghana Emerges as Africa’s Leading Debtor to the IMF

In a recent financial report released by the International Monetary Fund for July 2023, Ghana has once again emerged...