May 16
Kenya: Heavy Taxation Not a Solution to Kenya's Debt Problem - Tax Experts
Capital FM
Tax and exchange control experts have called on the government to employ innovative revenue generation strategies as it seeks to settle the ballooning debt to avoid overburdening… Read more »
Nigeria: Electricity - Nigeria Govt to Offset N130 Billion Debt to Gas Companies
Premium Times
Mr Adelabu said in February that the indebtedness of the country's power sector to electricity generating companies (GenCos) and gas companies (GasCos) had risen to over N3… Read more »
May 15
Kenya: Debt Shaming Among Digital Lenders Down 75% On New Law
Capital FM
Cases of harassment and debt shaming by digital lenders have declined by 75 percent, coming on the back of the enactment of the Central Bank Amendment 2021 into law. Read more »
Uganda: Angry Woman Confiscates Census Tablet Over Enumerator's Debt
Nile Post
Ms Jennifer Awori, a fish dealer based at Kisima II Island on Lake Victoria in Jinja City East, pounced on 34-year-old Annette Kibekityo, who owed her money. Read more »
Nigeria: Gov Fubara Attacks Wike Over Rivers' 'Huge Debt Burden'
Premium Times
Mr Fubara said contractors were coming for payments running into billions of naira for projects commissioned by his predecessor. Read more »
Nigeria: Wike Administration Left Rivers in Debt - Fubara
Daily Trust
Governor Siminalayi Fubara of Rivers State has revealed that a huge debt burden was left behind for his administration. Read more »
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Africa: Annual Meetings 2024 / Old Debt Resolution for African Countries - The Cornerstone of Reforming the Global Financial Architecture
African Development Bank (AfDB)
When African Development Bank Group member states meet from 27 to 31 May in Nairobi, Kenya for the 2024 Annual Meetings, the question of African debt will be one of the key… Read more »
Zimbabwe: Appropriate Mortgage Loans Needed to Grow Real Estate - Westprop
The Herald
WestProp Holdings Limited says local banks and the Government should work on mechanisms to drive the provision of mortgage facilities and provision of "formal funding" channels to… Read more »
May 14
Nigeria: I Inherited Huge Debt From Wike, Says Fubara
Daily Trust
Governor Siminalayi Fubara of Rivers State has revealed that a huge debt burden was left behind for his administration. Read more »
Nigeria: Police Arrest Portable Over Unpaid G-Wagon Debt
Premium Times
Lagos State Police spokesperson Benjamin Hundeyin confirmed Portable's arrest. Read more »
May 06
Nigeria: 10 Days After, EFCC Detains 19-Yr-Old Varsity Student Over Mum's Debt
Leadership
The Economic and Financial Crimes Commission (EFCC) has arrested and detained a 300-level Nursing student of Babcock University, Ilishan-Remo, Ogun State, Miss Oluwateniola… Read more »
May 05
Africa: African Countries Can't Resolve Their Debt Crisis Under a System Rigged Against Them [analysis]
The Conversation Africa
The debt situation in many African countries has escalated again to a critical juncture. Twenty are in, or at risk of, debt distress. Read more »
Nigeria: Fitch Raises Nigeria's Debt Rating Outlook to Positive
Leadership
Nigeria's debt rating outlook was lifted by Fitch Ratings to positive from stable, six months after it said that reform progress since President Bola Tinubu came to power in May of… Read more »
May 01
Namibia: Walvis Bay to Probe Redforce Over Debt Collection Contract
Namibian
Walvis Bay municipality lawyer Richard Metcalfe has issued a statement saying the municipality will investigate how RedForce Debt Management got a debt collection contract with the… Read more »
April 30
Nigeria: Oil Marketers Threaten Nationwide Strike
This Day
The Chairmen, Forum of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Tuesday threated to embark on a nationwide strike over the N200 billion bridging debt owed… Read more »
April 25
Nigeria: Sale of Discos...Experts, Labour Want Debt-Ridden Firms Unbundled
Leadership
Ahead of the federal government's plan to sell the electricity distribution companies (DisCos) under the management of banks and the Asset Management Company of Nigeria (AMCON),… Read more »
April 23
Nigeria: Power Outage - TCN Seeks Increased Funding, Payment of Outstanding Gas Debt
Leadership
The managing director, Transmission Company of Nigeria (TCN) Abdulaziz Sule has urged the Senate Committee on Power to assist in raising funds for the completion of over 120… Read more »
April 21
Nigeria: Claim 45 Percent of Kaduna State's Debt Borrowed Before El-Rufai's Administration Inaccurate
Daily Trust
Claim: An X user claimed that 45 per cent of Kaduna State's debt was borrowed before Governor Nasir El-Rufai was elected in 2015. Read more »
April 17
Nigeria: Debt Crisis - Kaduna Assembly Begins Probe of El-Rufai
Leadership
Kaduna State House of Assembly has set up a 13-man ad-hoc committee to investigate financial transactions, loans, grants and projects executed by the of Mallam Nasir el-Rufai… Read more »
April 16
Africa: IMF Executive Board Endorses Reforms to Promote the IMF's Capacity to Support Countries Undertaking Debt Restructurings [document]
IMF
The Executive Board of the International Monetary Fund (IMF) endorsed today the recommendations of the IMF staff paper "Policy Reform Proposals to Promote the Fund's Capacity to… Read more »
April 15
Africa: Leaders Need to Break the Chokehold of Debt and Austerity. Our Health Depends On It
IPS
As leaders gather for the Spring Meetings of the IMF and World Bank amid the cherry blossom trees of Washington, DC, there is some good news to celebrate. Read more »