AllAfrica News: Debt

[Daba Finance] Nigerian off-grid energy startup Okra Solar has secured a US$7 million debt facility from British International Investment. The financing aims to accelerate clean energy access and scale mesh-grids across Nigeria. Okra Solar, founded in 2016, provides innovative technology for off-grid communities. British International Investment, known as BII, is the UK's develo...

[Nile Post] Parliament's Committee on Finance, Planning and Economic Development has recommended the cancellation of Shs2.6 billion in outstanding mineral rent owed by Kilembe Mines Limited, citing the company's financial difficulties, inadequate government funding and the transfer of its mining assets to a new consortium.

[Vanguard] The World Bank said that the foreign debt of Nigerian companies rose by 179.6 per cent in seven years to $54.48 billion in 2025 from $19.49 billion in 2018.

[Premium Times] Mr Adeleke dismissed claims that his administration took new foreign loans.

[New Era] Government has injected millions of dollars into electrification projects in Hardap and //Kharas but mounting municipal electricity debts and delays in establishing a regional distributor threaten to undermine efforts to expand access and improve service delivery. Industries, Mines and Energy Minister Modestus Amutse on Saturday publicly challenged the Rehoboth Town Co...