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
African Union chief wants pan-African ratings agency
Dakar – Senegalese president Macky Sall called on Sunday for the creation of a pan-African credit ratings agency, saying that... Read more
15 May, 2022
IMF extends credit to Mozambique after debt scandal
Johannesburg – The International Monetary Fund has extended a credit facility to Mozambique, the first non-Covid related, since it pulled... Read more
30 Mar, 2022
Mozambique’s ex-president Guebuza to testify in debt scandal
Maputo – Ex-president Armando Guebuza was on Thursday expected to testify in Mozambique’s biggest corruption scandal, an affair concerning... Read more
17 Feb, 2022
IMF reaches agreement with Zambia on $1.4bn aid deal
Lusaka – IMF staff on Friday reached an agreement with Zambia on a $1.4 billion, three-year aid programme that they... Read more
4 Dec, 2021
