AllAfrica News: Debt

Sudan: Removing Sudan From Terrorism List Is Step to Ease Debt Burden - IMF

Sat, 24 Oct 2020 15:37:58 GMT

[SNA] Washington -- The International Monetary Fund (IMF) stated on Friday that the US government's plans to lift Sudan from the list of states sponsoring terrorism would remove one of the obstacles facing the heavily indebted country in its quest to ease the debt burden.

Zimbabwe: Man Stabs, Injures Neighbour Over U.S.$100 Debt

Sat, 24 Oct 2020 11:22:48 GMT

[New Zimbabwe] Mutare -- A Mutare man has been admitted in hospital after he sustained serious injuries recently when he was stabbed by a neighbour over a US$100 debt.

Zimbabwe: Central Bank Debt Accumulation Above U.S.$2 Billion

Sat, 24 Oct 2020 09:23:38 GMT

[Zimbabwe Independent] The US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank could be violating borrowing rights to sustain the foreign currency auction system.

Nigeria: Country's Debt-GDP Ratio Could Hit 68% - IMF Raises Alarm

Fri, 23 Oct 2020 06:14:17 GMT

[Vanguard] Sub-saharan Africa faces a huge challenge, made worse by the coronavirus pandemic, to find nearly $900 billion to repay massive debt and fund essential public spending, the International Monetary Fund (IMF) warned Thursday.

Uganda: Parliament Asks Govt to Clear Shs45.6b Utl Debt, Form New Telecom

Thu, 22 Oct 2020 13:01:35 GMT

[Monitor] Parliament has recommended that government clears a Shs45.6b debt that Uganda Telecom (UTL) holds with the Eastern and Southern Trade and Development Bank currently known as TDB.

Namibia: Govt in Deeper Debt Ditch

Thu, 22 Oct 2020 11:44:15 GMT

[Namibian] NAMIBIA'S government is expected to borrow almost N$40 billion and increase the country's debt burden to N$158 billion in the next three years.

Kenya: Govt to Borrow U.S.$5,5 Billion From Domestic Market

Thu, 22 Oct 2020 06:14:42 GMT

[Nation] Continuing impact of Covid-19 on the economy has forced the National Treasury to review government's spending for this financial year revising the figures upwards to a tune of Sh128 billion.

South Africa: Eskom's Debt Burden Is Sidestepped in a Cascade of Plans to Revive South Africa's ...

Tue, 20 Oct 2020 08:31:11 GMT

[Daily Maverick] Eskom has a debt load of about R488-billion, which weighs on already deteriorating public finances. But there seems to be no credible plan to reduce the power utility's crippling debt.

Zimbabwe: Huge Debt Adds to Harare Water Woes

Mon, 19 Oct 2020 08:48:08 GMT

[The Herald] Municipal Reporter

Malawi: Malawi Feminist Alliance Calls for Unconditional Cancellation of Debts

Fri, 16 Oct 2020 10:10:33 GMT

[Nyasa Times] Feminist Macro Economics Alliance-Malawi (FEAM) has asked rich governments and international lender institutions to unconditionally cancel Malawi's external debt to enable the country channel its meagre resources towards helping its empoverished population and fighting the devastating effects of the Coronavirus disease (Covid-19) crisis.

Zambia: Govt's Debt Crisis Worsens

Fri, 16 Oct 2020 08:24:14 GMT

[Nation] Lusaka -- Zambia's debt situation seems to be deepening with some commercial creditors "refusing" to grant it some relief it was seeking to ease the pressure, the country's Parliament heard late Thursday.

Nigeria: Osinbajo to Nigerians - Don't Panic Over Rising Public Debts, 2021 Budget Deficit

Thu, 15 Oct 2020 08:50:03 GMT

[Premium Times] Nigerians need not panic over the country's rising public debt and how the huge 2021 budget deficit would be financed, the Vice President, Yemi Osinbajo, said on Wednesday in Abuja.

Nigeria: World Bank, IMF Plan Debt Reduction for Nigeria, Others

Thu, 15 Oct 2020 05:33:22 GMT

[This Day] The President of the World Bank Group, Mr. David Malpass, has said he is in talks with the Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva on how to provide debt reduction and succour to Nigeria and other International Development Association (IDA) countries that had been hit by the COVID-19.

Angola: Angola Wants Debt Payment Deadline Extension

Wed, 14 Oct 2020 12:54:46 GMT

[ANGOP] Luanda -- Angola will reduce spending and optimise tax management if the initiative to extend payment of its debt is not accepted by international creditors, the Finance Minister, Vera Daves de Sousa said Tuesday.

Zimbabwe: Public Debt, Corruption - Twin Vices to Eradicate

Wed, 14 Oct 2020 07:44:54 GMT

[The Herald] Business Reporter

Nigeria: Covid-19 - AIG-Imoukhuede Calls for Debt Relief for Nigeria, Others

Wed, 14 Oct 2020 07:30:01 GMT

[This Day] The Founder/Chairman, Africa Initiative for Governance (AIG) and Co-founder, Nigeria Solidarity Support Fund (NSSF), Mr. Aigboje Aig-Imoukhuede has appealed for more funding from international financial institutions as well as debt relief for Nigeria and other countries in Africa.

Zimbabwe: Zimbabwe's Debt Stifling Its Economy

Tue, 13 Oct 2020 14:04:36 GMT

[East African] Experts are warning that Zimbabwe's appetite for Chinese loans is pushing the country's foreign debt to unsustainable levels.

Nigeria: Ambitious but Debt-Hole 2021 Budget

Tue, 13 Oct 2020 14:00:57 GMT

[Daily Trust] President Muhammadu Buhari repeated a positive trend that began in 2019 with the presentation of the 2021 budget to the National Assembly last week.

Nigeria: 2021 Budget - Finance Ministry Gets Lion's Share Amid Rising Debt Service Obligations

Tue, 13 Oct 2020 11:01:11 GMT

[Premium Times] The Federal Ministry of Finance, Budget and National Planning will get the lion's share of the 2021 federal budget if lawmakers accept the proposals from the executive arm of government.

Ghana: Ghana's Public Debt to See Significant Rise - World Bank Projects

Tue, 13 Oct 2020 08:17:14 GMT

[Ghanaian Times] With less than three months to end the year, the World Bank is projecting a significant rise in Ghana's total public debt for this year.