Hafez Ghanem, World Bank's Vice-President for Africa, says the organization is in talks with the Nigerian government for a U.S.$2.5 billion concessionary loan. In the past year, ... Read more »

Mozambique has been ranked as the country with the highest risk of money laundering and terrorist finance in the world, according to a report issued by the Basel Institute of ... Read more »

A methodology for calculating credit scores has been developed specifically for the Nigerian market by CRC Credit Bureau in partnership with the Fair Isaac Corporation. The credit ... Read more »

Mozambique has finalised charges against 20 people, including the son of former president Armando Guebuza, in connection with a U.S.$2 billion debt scandal that crippled the econ Read more »

The International Monetary Fund says the depreciation is due to factors like excessive borrowing, the use of foreign currency to pay for imported goods and services, currency ... Read more »

At least U.S.$81.27 billion is the state of Nigeria's current debt, with opposition Peoples Democratic Party leader Atiku Abubakar calling for an urgent redress of the situation ... Read more »

Economists say the country's public debt is projected to reach U.S.$18 billion or more than 50% of the country's GDP by the end of financial year 2022/23. This is attributed to ... Read more »

Taxes on imports and petroleum products and pay as you earn remittances will be the government's biggest revenue generators to fund the country's 2019/20 Financial Year budget. ... Read more »

Contributors to the increased national debt are the loans for development projects that include construction at the Julius Nyerere International Airport, the standard gauge railway ... Read more »

The new act wants to cap the public debt, and is apparently in line with regional trends. President Uhuru Kenyatta has signed three more trade agreements with China with a view to ... Read more »