As the number of COVID-19 cases continues to rise in Africa and Southern Asia, and the global economy enters a synchronized recession unseen since the Second World War, the world's ... Read more »

President Uhuru Kenyatta has said that the government has opened talks with external lenders to suspend debt during the Covid-19 crisis, as the shilling depreciates to its lowest ... Read more »

Finance Ministers and Central Bank Governors from the G20 group of the world's largest economies have agreed to ease debt repayments for the world's poorest countries fighting ... Read more »

The education loan was delayed, following pressure from civil society organisations which raised concerns over schoolgirls' rights. The World Bank said that the education support ... Read more »

The International Monetary Fund and the World Bank are putting measures in place to assist smaller nations who are struggling with existing debt and whose circumstances have ... Read more »

Zimbabwe has paid the U.S.$33 million debt it owed to South Africa's Eskom which the government has been paying since June 2019, Energy Minister Fortune Chasi has said. Zimbabwe is ... Read more »

The 75,000 head of cattle will be delivered over the next 10 years as repayment for the 2017 U.S.$100 million debt. The first instalment of 1,000 cows already arrived in ... Read more »

The World Bank has said that the normalising of relations means that Somalia is in now in good standing with the lender. It said the government's "strong record of fiscal, ... Read more »

While East African's economy is cited as being ahead in growth in sub-Saharan Africa, analysts are cautioning that the growth is largely superficial since it is being driven by ... Read more »

The Executive Board of the International Monetary Fund says the focus of four-year arrangement is to restore macroeconomic stability, set up a fiscally sustainable growth path and ... Read more »