The Zambian government has announced that it has reached an agreement with a consortium of private creditors to restructure $3 billion of its international bonds, marking…
Browsing: debt
Shuaibu Audu, Nigeria’s Minister of Steel Development, has announced plans to meet with the Transmission Company of Nigeria (TCN) in the coming days to develop strategies…
Kenyan authorities have fined an online lender $3,700 for allegedly debt shaming customers by intruiding and distributing their personal information. It came as a result of user…
Mobile telecommunication operator MTN Group has reduced its debt further through early settlement of $300 million in euro bonds with a 2024 maturity date. The South…
According to local reports, the Egyptian government has declared that it will increase train and metro rates by up to 25% by the end of August…
The Bank of Tanzania says the East African country’s national debt stood at $36.08 billion as of November 30, 2021, an increase of $5.34 billion year-on-year…
Ethiopia is restructuring an additional $1 billion of debt as it seeks to free up funds to support its economic recovery amid the global COVID-19 pandemic.…
The Nigerian government is set to recover more bad loans. About N5.2 trillion debt owed Africa’s largest economy by some individuals and firms are expected to…
Nigeria is showing more signs of being broke and her insolvency is growing. Evidence of this came during budget briefing. Nigeria’s Minister of finance, budget and…
In Africa, it seems like colonization never left. It is as though the last vestiges of colonization we tried to shake off got stuck using magnetic…