March 03
Kenya: Cut Debt-to-GDP Ratio to 55% By 2029, Controller of Budget Tells Treasury
Capital FM
Controller of Budget (COB) Margaret Nyakango has urged the National Treasury to lower the country's debt-to-GDP ratio to 55 percent by 2029. Read more »
February 28
Africa: Former African Heads of State Sign Cape Town Declaration Calling for Urgent Debt Relief
Capital FM
Eight former African Heads of State and Government have signed the Cape Town Declaration, calling for critical debt relief for highly indebted nations and advocating for lower… Read more »
February 27
Zimbabwe: Zimbabwe Could Clear Arrears With Bold Reforms, World Bank Says
New Zimbabwe
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements… Read more »
February 25
Malawi: Govt Must Suspend All Protocols - Malawi Is in a War Situation [opinion]
Nyasa Times
In this article, Dr. (HC) Anthony John Mukumbwa calls for immediate and bold action to address Malawi's economic crisis, urging the suspension of taxes on essential goods,… Read more »
February 21
South Africa: Trevor Manuel to Chair G20 Panel On African Debt Distress
Daily Maverick
Ukrainian President Volodymyr Zelensky may visit SA in the second quarter of 2025, but Russia's President Vladimir Putin is unlikely to attend the G20. Read more »
February 20
Botswana: We Need to Cut Spending - Jefferis
The Patriot
Botswana's government debt has surged in recent years, particularly since the COVID-19 pandemic, raising concerns over its sustainability. During a presentation at an India… Read more »
February 18
South Sudan: Afreximbank Seeks to Claw Back U.S.$657mn Debt From South Sudan
Independent (Kampala)
The African Export-Import Bank (Afreximbank) is suing the Republic of South Sudan for allegedly failing to repay US$657mn in trade and pandemic-related facilities. Read more »
February 17
Tunisia: President Kais Saied Stresses Need to Reschedule Debts Owed By Subscribers of Steg and Sonede
Tunis Afrique Presse
President Kais Saied met on Monday at the Carthage Palace with Faisal Tarifa, CEO of the Tunisian Electricity and Gas Company (STEG), and Noomene Mraihi, Central Production… Read more »
February 16
South Africa: DA's Budget Expectations - Growth, Debt Containment, and No New Taxes [press release]
DA
"The DA strongly opposes any tax increases and does not support increases to personal income tax, corporate income tax and value added tax." Read more »
February 14
Africa: Why 2025 Could Be a Turning Point in Africa's Debt Emergency [analysis]
African Arguments
A clear plan that would move power over debt from colonial institutions to a more representative body is on the table. Read more »
Kenya: High Interest Rates, Credit Downgrade Strain Kenya's Debt Management - Report
Capital FM
Kenya's public debt management has been severely impacted by high interest rates both globally and in the domestic market, according to the Medium-Term Debt Management Strategy… Read more »
Ghana: Ghana Faces Imminent Power Crises As Karpowership Threatens Shutdown Over $370m Debt
Ghanaian Times
The operators of the Karpowership have notified the Government that it will not be able to continue with the supply of power if the debt owed the company is not settled… Read more »
February 11
Kenya: Govt's Sh25bn Debt to Defunct NHIF Stalls Payments to Hospitals
Capital FM
Unpaid government premiums totalling Sh25 billion owed to the defunct National Health Insurance Fund (NHIF) have stalled the clearance of Sh30.9 billion in outstanding payments to… Read more »
February 10
Nigeria: Global Emission - Actionaid Canvasses Climate Justice, Cancellation of Nigeria, Other Developing Countries' Debt
This Day
ActionAid Nigeria (AAN) has called for climate justice and the cancellation of Nigeria's foreign debt as well as that of other African countries to appease the damage done by… Read more »
February 09
East Africa: IMF Says Ethiopia Near Debt Restructuring Deal With Creditors
Daba Finance
Ethiopia is close to finalizing debt restructuring talks under the G20's Common Framework The country defaulted on its $1 billion Eurobond in 2023 and has been negotiating with… Read more »
February 07
Kenya: Bus Body-Builder Labh Singh Harnam Singh Shuts Down Amid Debt
Capital FM
Bus body-building firm Labh Singh Harnam Singh Limited has been placed under administration, stripping its directors of control over the company's assets. Read more »
February 05
Nigeria: Nigeria Must Turn Debt to Economic Asset for Growth - VP Shettima
Leadership
Vice President Kashim Shettima has inaugurated the Supervisory Board of the Debt Management Office (DMO) as part of efforts by the Federal Government to strengthen fiscal and… Read more »
January 31
South Africa: South Africa's Debt Has Skyrocketed - New Rules Are Needed to Manage It [analysis]
The Conversation Africa
South Africa's fiscal trajectory paints a concerning picture. Public expenditure exceeds revenue. As a result sovereign debt is building up and interest on this debt is increasing. Read more »
