Egypt’s money supply grows rapidly despite IMF pressure
Despite IMF pressure, the central bank continues to support the government’s spending.
Egypt’s money supply grows rapidly despite IMF pressure Read More »
Debt
Ghana offers bondholders choice in debt restructuring
The government is offering bondholders the opportunity to exchange their existing bonds for new instruments with different terms.
Ghana offers bondholders choice in debt restructuring Read More »
Ethiopia’s currency float sparks hope for debt relief
Bondholders have rejected the government’s proposed debt haircut, setting the stage for tense negotiations.
Ethiopia’s currency float sparks hope for debt relief Read More »
Cameroon secures $550 million to clear debt
Cameroon successfully concludes a $550 million bond sale to reduce domestic debt and boost economic activity.
Cameroon secures $550 million to clear debt Read More »
Ethiopia seeks IMF bailout with market-based exchange rate
Ethiopia has relaxed foreign exchange controls in hopes of securing a multi-billion dollar bailout as it grapples with economic challenges.
Ethiopia seeks IMF bailout with market-based exchange rate Read More »
IMF approves $71 million for coup-stricken Niger
The country’s economy is expected to rebound due to oil exports and lifted sanctions, but the IMF urges reforms.
IMF approves $71 million for coup-stricken Niger Read More »
Ghana’s economy shows signs of recovery in Q1
Despite a positive economic upturn in Q1, Ghana restarts negotiations with bondholders to address its $13 billion debt.
Ghana’s economy shows signs of recovery in Q1 Read More »
African leaders demand reform of ‘unjust’ global financial system
African leaders at a major economic gathering say the current global financial system unfairly penalizes African nations with high borrowing rates, hindering their development.
African leaders demand reform of ‘unjust’ global financial system Read More »
African Development Bank urges end resource-backed loans
The head of the African Development Bank argues resource-backed loans are unfair, leave African nations in debt, and benefit countries like China.
African Development Bank urges end resource-backed loans Read More »
UAE pumps $35 billion into Egypt, fueling economic, tourism
A $35 billion investment from the UAE promises to revitalize Egypt’s economy, with a focus on tourism, infrastructure, and debt relief.
UAE pumps $35 billion into Egypt, fueling economic, tourism Read More »