-
7 Feb 23
Rescue and aid efforts have been mobilised in Turkey and Syria following devastating earthquakes.
-
30 Jan 23
The risk of higher government deficits has prompted another downgrade in Nigeria’s credit rating, Moody’s has said.
-
24 Jan 23
The Ghanaian government’s auditor general has criticised how departments spent, and managed billions of cedi allocated to fund the Covid-19 response.
-
24 Jan 23
The restructuring of the Zambian government’s debt is key to progressing welfare and education reforms, and ensuring financial sustainability, senior finance figures have said.
-
20 Jan 23
To meet borrowing needs, the Egyptian government will have tough decisions to make following the approval of a $3bn International Monetary Fund loan.
-
19 Jan 23
Land reform is key to ending poverty and fighting climate change, according to the world’s leading government lender.
-
12 Jan 23
Overall sukuk issuance is expected to rise slowly this year as major issuers’ financing needs remain high but so do oil revenues, analysts have predicted.
-
11 Jan 23
Egypt will reduce the state’s role in the economy – including its military, which has grown its footprint rapidly in the decade since a 2013 coup – in a bid to boost growth, the president has agreed...
-
10 Jan 23
The BRICS group of countries should expand to include more members from the Global South, including many in Africa, South Africa’s ruling party has said as the government begins its year-long...
-
20 Dec 22
The International Monetary Fund has agreed to release $447m to the Kenyan government to help support the nation’s budget and continued progress on reforms.
-
19 Dec 22
The Ghanaian government has suspended payments on all bonds, commercial loans and bilateral debt, as the nation seeks to restructure its debts.
-
15 Dec 22
The Ghanian government has reached a provisional agreement on a $3bn loan package with the International Monetary Fund.
-
6 Dec 22
Glencore will pay $180m to the Democratic Republic of Congo in order to “address the consequences of its past conduct” in the country, amid investigations into alleged corrupt practices there.
-
24 Nov 22
Work to strengthen the international tax system will begin at the United Nations after a group of African countries put forward a resolution they hope will give developing countries a bigger say in...
-
18 Nov 22
Most people in Nigeria lack adequate access to cooking fuel, water sanitation, healthcare, food security and housing, the nation’s official statistics body has found.
-
11 Nov 22
The Chad government has agreed a debt restructure with its lenders which the nation hopes will pave the way for finance from the International Monetary Fund.
-
8 Nov 22
Central bank reserves in Egypt fell by a fifth in just nine months, leading to ratings agency Fitch warning it could downgrade its judgement of the country.
-
4 Nov 22
Surging oil and natural gas revenues will help push Qatar’s budget into surplus this year and over the medium term, meaning a credit rating upgrade is increasingly likely, ratings agency Moody’s has...
-
2 Nov 22
Lenders should work with governments in sub-Saharan Africa to improve financial management and governance and help “catalyse” climate finance to the region, the International Monetary Fund has said.
-
28 Oct 22
The Egyptian government has reached an agreement on an $3bn loan from the International Monetary Fund aimed at supporting the budget and pushing forward “deep structural and governance reforms”.
-
24 Oct 22
The energy crisis has hit progress by Nigeria on turning its finances around, according to a ratings agency.
-
24 Oct 22
A fresh attempt has been made to end graft in South Africa’s institutions.
-
17 Oct 22
The Tunisian government has received provisional approval for a $1.9bn loan from the International Monetary Fund aimed at financing reforms to improve social protection and government revenues.
-
14 Oct 22
High oil prices mean Chad does not require relief on its debts, according to a statement from a group of countries that had previously agreed to arrange it.
-
5 Oct 22
High inflation combined with increased debt servicing costs has increased the likelihood of a debt default and led to Moody’s downgrading Ghana’s credit rating.