Deeply indebted Zambia gets $275 million from World Bank
Lusaka – The World Bank has approved $275 million in aid to debt-ridden Zambia to help it recover from... Read more
28 Oct, 2022
‘Speed is what we need’ – indebted African govts tell creditors
Johannesburg – African governments on Saturday urged creditors to speed up debt relief, saying delays were limiting growth on... Read more
16 Oct, 2022
Kenya denies defaulting on China railway debt
Nairobi – Kenya on Thursday denied it had defaulted on interest repayments on a loan advanced by China for... Read more
15 Oct, 2022
54 poor nations urgently need debt relief, says UN
Geneva – Cascading global crises have left 54 countries – home to more than half of the world’s poorest... Read more
11 Oct, 2022
Embattled Credit Suisse to buy back $3 billion of debt
Zurich – Troubled Swiss banking giant Credit Suisse, which has scrambled to ease fears about its financial health, announced... Read more
7 Oct, 2022
Debt-ridden Zambia secures $1.3 billion in IMF bailout
Lusaka – The International Monetary Fund has approved a $1.3 billion loan to debt-ridden Zambia to help it restore... Read more
1 Sep, 2022
Kenya’s debt rises to historic high – treasury
Kenya’s debt level has reached record highs despite President William Ruto’s vow to tame the country’s appetite for loans,... Read more
16 Aug, 2022
Mali says has caught up on debt payments
Bamako – Mali announced on Friday it had “settled all unpaid” debt repayments after tough sanctions imposed by West... Read more
13 Aug, 2022
IMF says could clear Zambia’s reform plan by September
Lusaka – Zambia’s plan to restructure its crushing debt load is likely to go before the board of the... Read more
16 Jun, 2022
High-level IMF team heads to Zambia for debt talks
Lusaka – A high-level IMF team will meet with Zambian officials this week as the southern African country seeks to... Read more
14 Jun, 2022
