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AllAfrica News: Debt

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[New Times] The government plans to finance its debt repayments by investing borrowed money in areas that can expand the economy and generate the resources needed to service the loans when they fall due, Finance Minister Yusuf Murangwa has said.

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[Daily Trust] A $1.5 billion loan being contemplated by the Nigerian government is just the latest addition to the long list of the country's borrowing spree.

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[AIM] Maputo -- The Mozambican government has announced a plan to pay its debt estimated at 81.3 billion meticais (around 1.27 billion US dollars at the current exchange rate), while introducing measures to prevent the accumulation of new unpaid commitments.

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[New Zimbabwe] The South African Department of International Relations and Cooperation (DIRCO) said that it had been facilitating discussions between ministers at binational commission meetings to get Zimbabwe to release funds owed to businesses in the neighbouring country.

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[New Times] Rwanda is moving to expand its electricity capacity and accelerate the transition to clean, reliable power through Small Modular Reactors (SMRs). The technology is no longer the only question. The bigger challenge is financing a pioneering 100 MW plant, estimated to cost around $500 million.

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