Mozambique's renewed efforts to solve its spiralling "secret debt" crisis have again collapsed, leaving the country struggling to recover its reputation. The IMF says government has not done enough to … read more »
The country's oldest coal mining firm, Hwange Colliery Company Limited, is reportedly considering selling the town for U.S.$300 million as part of efforts to pay for its increasing debt and the … read more »
As they end a 10-day mission to Mozambique, the International Monetary Fund officials have expressed dissatisfaction with the continuing uncertainty about debts built up by state-owned compan read more »
Mozambique's renewed efforts to solve its spiralling "secret debt" crisis have again collapsed, leaving the country struggling to recover its reputation. The IMF says government ... Read more »
The country's oldest coal mining firm, Hwange Colliery Company Limited, is reportedly considering selling the town for U.S.$300 million as part of efforts to pay for its increasing ... Read more »
East African governments are being advised to set up independent debt management offices and increase their country's central bank capacity to improve economic management. Debt ... Read more »
National Treasury Cabinet Secretary Henry Rotich has therefore announced austerity measures, with a possible slow down on development expenditure. This as the IMF is urging the ... Read more »
Africa's old friends - the West - and its new one - China - do not care for the fate of African democracy, writes Wachira Maina for the Daily Nation. Read more »
"Chinese investment does have the potential to address Africa's infrastructure gap, but its approach has led to mounting debt and few, if any, jobs in most countries," U.S. ... Read more »
The goverment's loan debt includes 51.9% of foreign loans and 48.1% of domestic loans and does not include recent borrowings which has continued unabated for over five years, ... Read more »
At its peak, the Nakumatt retail chain had 63 stores across East Africa. Today, the regional branch count has nearly halved to 34, with 27 stores in Kenya, three in Rwanda and four ... Read more »
The Bill and Melinda Gates Foundation has agreed to help repay Japan U.S.$76 million obtained to battle polio. Read more »
'BB+' - Ratings agency Fitch has decided not to downrank the country further into junk status. By doing so it gives the government an opportunity to address issues that can ... Read more »
