Follow AllAfrica News: Debt, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/all-africa-news-debt Tue, 21 Mar 2023 06:40:55 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp1jbBpudTjiQyxhxzpi7FpJ [Seychelles News Agency] The Seychelles' cabinet of ministers has given its approval for the Ministry of Finance to start negotiations for a new Extended Fund Facility (EFF) with the International Monetary Fund (IMF), said the country's Vice President on Thursday.]]> Fri, 17 Mar 2023 08:19:16 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp1jbBpudTjiQyxhxzpi7FpJ https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp01IQ3AsDCvjFyOSYGFl6uu [Daily News] THE government has signed a loan agreement of 161.47 million US dollars (about 374.9bn/-) with the African Development Bank (AfDB), to implement Kakono Hydropower Project (Kakono HPP).]]> Fri, 17 Mar 2023 06:51:32 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp01IQ3AsDCvjFyOSYGFl6uu https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp297s2RTKKdNYvmyuk5fxzE [Ghanaian Times] The govern­ment is making progress on the external debt negotiations for debt relief from the country's international creditors as part of the Inter­national Monetary Fund (IMF) programme, the President, Nana Addo Dankwa Akufo-Addo, has said.]]> Fri, 10 Mar 2023 14:49:19 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp297s2RTKKdNYvmyuk5fxzE https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp091G8d3rDqJkGT5aWO9DEx [Premium Times] Nigeria's lawyer told the court that P&ID obtained its contract "by telling repeated lies and paying bribes to officials."]]> Fri, 10 Mar 2023 06:55:01 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp091G8d3rDqJkGT5aWO9DEx https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2HoavWi0TDn68qfTAM-Smm [Vanguard] Nigeria has asked a London High Court to deliver judgement in its favour in a case against Process and Industrial Developments Company, P&ID.]]> Thu, 09 Mar 2023 09:41:35 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2HoavWi0TDn68qfTAM-Smm https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp1rPIVIuesGd-4sICfMfkNm [Ghanaian Times] When the government opted for the Highly Indebt­ed Poor Country (HIPC) initiative in 2001 for debt forgiveness, the hopes of many of Ghanaians were that the country had been given a clean sheet to operate and would not go back on the path of debt distress.]]> Fri, 03 Mar 2023 14:17:37 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp1rPIVIuesGd-4sICfMfkNm https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp1yRiLLXKTQSJNaYRWadcX6 [Capital FM] Nairobi -- Women will now access cheaper loans in a new Government plan aimed at advancing financial inclusion in the country.]]> Thu, 02 Mar 2023 16:45:21 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp1yRiLLXKTQSJNaYRWadcX6 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp29u32JBQvRXXMq2h3ehXEp [Capital FM] Nairobi -- The Cabinet has approved a legislative proposals seeking to replace the nominal debt ceiling of Sh10 trillion with a debt anchor set at 55 percent of Gross Domestic Product (GDP) in present value terms.]]> Wed, 01 Mar 2023 13:24:52 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp29u32JBQvRXXMq2h3ehXEp https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp19RcuJIYKw9tKEpFgimKzx [New Zimbabwe] Former Mozambique president, Joaquim Chissano reiterated the need to avoid bad history between Zimbabwe and its lenders stifle the spirit of debt resolution engagement.]]> Tue, 28 Feb 2023 06:54:28 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp19RcuJIYKw9tKEpFgimKzx https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp159yLoUTxFGS3FFO_xyF25 [New Zimbabwe] President Emmerson Mnangagwa has committed to conduct the forthcoming 2023 elections fairly amid indications that the country's creditors have identified the area as a requirement for debt resolution.]]> Fri, 24 Feb 2023 10:10:42 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp159yLoUTxFGS3FFO_xyF25 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp28tW0LhDMGtWZMehmtHS8- [The Herald] The second key stakeholders meeting on the debt strategy opens today with African Development Bank (AfDB) president Dr Akinumwi Adesina, the chief facilitator of Zimbabwe's arrears clearance and debt resolution process, arriving yesterday with former Mozambique President Joaquim Chissano, the other external facilitator, already in the country.]]> Thu, 23 Feb 2023 09:21:15 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp28tW0LhDMGtWZMehmtHS8- https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2nikA_PYVKTixhxzpi7FpJ [Ghanaian Times] The Finance Minister, Ken Ofori Atta, has disclosed that talks are underway with China over Ghana's debt following a successful domestic debt exchange programme.]]> Wed, 22 Feb 2023 14:09:21 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2nikA_PYVKTixhxzpi7FpJ https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2Kat0l9x5aMh-xWH3zZqEA [VOA] Addis Ababa -- United Nations Secretary-General Antonio Guterres said Saturday that African countries are being denied needed debt relief, noting that because of a lack of financial support, the African continent is facing a very difficult situation.]]> Sun, 19 Feb 2023 10:00:51 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2Kat0l9x5aMh-xWH3zZqEA https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2fzj9oLWIxd2w5Ur-z5Bww [Africa Check] In January 2023, Kenya's most widely read newspaper corrected a story attributing an eye-catching borrowing spree to the country's new government.]]> Fri, 17 Feb 2023 14:59:17 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp2fzj9oLWIxd2w5Ur-z5Bww https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp0Hgw6xPJmRa4MOI2eu70Rg [This Day] Lagos -- Today, our country's debt is about ten or more times what it was at the start of this present government. Compared with the size of our economy, this is the largest it has been since independence. To make it worse, this debt profile is projected or expected to grow exponentially to an alarming, but unknown ratio, in the coming years.]]> Fri, 17 Feb 2023 09:17:38 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp0Hgw6xPJmRa4MOI2eu70Rg https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3OzuysLwbeZN5ZnUTwRGH7 [RFI] Ghana's finance ministry has announced that the country's domestic debt exchange programme has been successfully closed as foreign lenders discuss forming an official creditor committee, which would be a first step for the country to start debt relief talks as it struggles to manage its post-Covid economic crisis.]]> Tue, 14 Feb 2023 15:16:59 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3OzuysLwbeZN5ZnUTwRGH7 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp0vyWXdgyZ2WtKEpFgimKzx [Africa Renewal] Addressing debt while bolstering agriculture, energy access and continental trade could ease burden on struggling economies]]> Tue, 14 Feb 2023 06:48:45 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp0vyWXdgyZ2WtKEpFgimKzx https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3q727wkBNPflyOSYGFl6uu [The Conversation Africa] In the run-up to Kenya's 2022 polls, economic issues, particularly public debt and joblessness, took centre stage. The Kenya Kwanza team led by William Ruto suggested that Kenya had over-borrowed, a habit they pledged to stop. Ruto's rivals defended the debt, insisting investment in infrastructure would spur economic growth.]]> Thu, 09 Feb 2023 06:36:28 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3q727wkBNPflyOSYGFl6uu https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3luLjn_AtLGe4DA87rvhPr [Addis Standard] Addis Abeba -- As part of the Ethiopian Italian Cooperation Framework 2023-2025 which was announced during the Prime Minister Abiy Ahmed visit to Rome on 06 February, the two countries have signed agreements worth 140 million Euros (100 million soft loans and 40 million grant).]]> Wed, 08 Feb 2023 16:50:34 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3luLjn_AtLGe4DA87rvhPr https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3Ytj2P-PsrQVRpWVnEcNkS [This Day] The Chairman and Chief Executive Officer of Lionstone Offshore Services Limited, Mr. Amaechi Ndili, has denied owing Hercules Offshore Nigeria Limited to the tune of $4.6 million.]]> Tue, 07 Feb 2023 07:00:43 +0200 https://api.follow.it/track-rss-story-click/v3/B2xtaXFLGp3Ytj2P-PsrQVRpWVnEcNkS