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Kenya signals shift back to foreign debt as government eyes $2.27 billion Eurobond

Kenya will raise more money from foreign than domestic sources, as it restructures its debt portfolio to take advantage of growing appetite for high-yielding...

Nigeria finalizes creation of $2.6 billion infrastructure firm

Nigeria’s president Muhammadu Buhari has approved the creation of a new entity that will focus on infrastructure development, with a seed capital of $2.63...

Uganda’s debt-to-GDP ratio to hit 50% by June

Uganda’s Ministry of Finance expects public debt will surge to 50% of its annual economic output by June this year, driven by fresh borrowing...

Ethiopia’s PM Abiy won the war in Tigray. Now the economy is bleeding.

In November, Ethiopia’s Prime Minister Abiy Ahmed – a Nobel Peace Prize winner – shocked the world when he ordered a military invasion in...

Central African Republic to receive $34.4 million loan from IMF

Central African Republic will receive $34.4 million from the International Monetary Fund (IMF) after the Washington-based lender completed the first and second reviews of...

Zambia’s government walks perilous path in subsidizing fuel and aiming to win IMF bailout

Zambia’s government has put itself between the proverbial “rock and a hard place” after it announced that it will further subsidize fuel prices risking...

China cancels DR Congo’s debt

Democratic Republic of Congo has received debt relief from China to aid it overcome growing economic fallout from the coronavirus pandemic, the foreign ministry...

Republic of Congo revokes iron-ore project deal with Australian miner in favor of Chinese-backed firm

The Republic of Congo’s government has terminated its contract with Australian miner Sundance Resources to develop the huge Mbalam-Nabeba iron-ore deposit, subsequently awarding three new...

Latest news

Sorry environmentalists, Angola’s appetite for more oil is irresistible

Africa’s second largest oil producer has a problem, and it’s one that is uncommon in a region beset with...
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Nigeria’s economy exits recession with 0.11% growth in fourth quarter

Nigeria’s economy surprisingly came out of a recession in the fourth quarter, fuelled by growth in the agriculture...

Makthar Diop becomes first African to head World Bank’s private sector arm

Makthar Diop, the World Bank’s vice president for infrastructure, has been appointed to head the International Finance Corporation (IFC),...

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LAUNCH: THE STATE OF AFRICA 2020 CONFERENCE

Mansa Media in partnership with Afrochampions Initiative...