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AllAfrica News: Debt

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Namibia: PDM's Hengari Alarmed By Country's Debt Burden
[Namibian] Popular Democratic Movement parliamentarian Inna Hengari says she is concerned about the accelerating debt-servicing burden, calling it an "interest cost trap."

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Malawi: MCP Confirms K132 Million Debt to Blantyre City Council, Pledges Payment
[Nyasa Times] The Malawi Congress Party (MCP) has officially confirmed that it owes the Blantyre City Council a total of K132 million in unpaid city rates and has pledged to settle the debt promptly.

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Gambia: Finance Minister Pressed On Soaring Wage Bill, Growing Debt
[The Point] Members of the National Assembly raised questions over the government's rising wage bill, mounting debt servicing costs and declining non-tax revenue during a question-and-answer session with the Minister for Finance and Economic Affairs, Seedy Keita, following his ministerial statement on the implementation and monitoring of the annual budget.

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South Africa: World Bank Approves SA's Credit Guarantee Vehicle
[SAnews.gov.za] South Africa's drive to accelerate infrastructure development and unlock economic growth has received a significant boost after the World Bank's Board of Executive Directors approved the South Africa Blended Finance Platform for Resilient Infrastructure Program.

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Malawi: K8.1 Billion Lost, K9.1 Billion in Debt
[Nyasa Times] Malawi's state housing developer, the Malawi Housing Corporation (MHC), is facing a deepening financial crisis that analysts say places the institution on the brink of collapse after recording cumulative losses of K8.1 billion in just four years while its debts have ballooned to nearly double the value of its assets.

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