The Economic Freedom Fighters (EFF) are taking significant steps to introduce a Private Member’s Bill aimed at enhancing ...

State-contingent debt instruments allow countries hit by economic and climate crises to restructure their debt repayments.

S&P Global Ratings, in its downgrade of Senegal's credit rating this month, pegged hidden debts at around $13 billion and the ...

Credit ratings have become a dominant factor in shaping the global perception of Africa’s economic health and investment ...

According to the Debt Management Office, Nigeria’s total public debt rose to N142.3tn as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024.

With rising consumer debt levels in South Africa, the National Financial Ombud Scheme warns of the dangers of reckless ...

Kenya's cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody's said on Wednesday, as the ...

A rift within Senegal’s government could plunge the West African nation’s already beleaguered economy into further disarray.

Africa is already in a debt crisis from borrowing money at high interest rates and unfavorable lending conditions. By 2023, African countries had spent more money on repaying debt than flowed in.

Legislators across African countries are calling for diversification of exports and increasing intra-African trade to cushion ...

The National Assembly has passed the Eskom Debt Relief Amendment Bill, as part of ongoing interventions to rescue the power utility from years of operational challenges and financial crisis.