debt

Mozambique's Financial Crossroads: A Bold Move Towards Debt Restructuring In a significant move that may reshape its financial landscape, Mozambique is contemplating a strategic approach to restructure $1.4 billion in debt with none other than China, its largest bilateral creditor. President Daniel Chapo revealed this during recent discussions about the nation’s pressing fiscal challenges. The situation is dire. Mozambique has faced back-to-back economic contractions that have left it grappling with fiscal…

Egypt's Innovative Approach to Debt Management: A Model for the Future In a significant step towards economic resilience, Egypt has announced groundbreaking debt swap agreements totaling over $900 million with Germany and Italy, as stated by Rania Al-Mashat, the country’s Minister of Planning, Economic Development, and International Cooperation. These agreements aim not only to alleviate financial pressures but also to bolster Egypt's developmental agenda. Furthermore, the nation has entered into a novel debt swap deal…

Nigeria is asserting that it is owed over $11 million by Benin and Togo for electricity supplied in the first quarter of 2025. This claim comes from the Nigerian Electricity Regulatory Commission (NERC), which has underscored the growing tensions in cross-border energy transactions. Despite having established bilateral agreements that ensure a consistent supply of power to its neighbors, the payment behavior of these countries has been less than encouraging. Intriguingly, while Togo has failed to make any payments, Benin…

In a bold move aimed at invigorating the economy and drawing in private sector investment, Kenya is gearing up to privatize a number of state-owned enterprises through initial public offerings (IPOs). President William Ruto articulated this vision during a recent address at the London Stock Exchange, emphasizing the need for a modern and dynamic approach to national economic management. The journey towards privatization is set to kick off later this year with the listing of the Kenya Pipeline Company on the…

The paper, issued in December 2024 with a face value of ₦14,971,880,511.74, serves as a significant step in Payaza's strategic funding approach, aimed at facilitating the company's rapid expansion throughout the African continent. What truly sets Payaza apart isn’t merely its ability to manage the repayment; it’s the manner in which this was achieved—entirely through operating cash flows, without resorting to refinancing or rollovers. This remarkable accomplishment not only underscores the resilience of the organization but…

In an astonishing turn of events, Nigeria's public debt has surged, now reaching an unprecedented ₦27.72 trillion, marking an eye-watering 22.8% increase compared to the ₦121.67 trillion recorded during the same timeframe last year. This staggering growth invites immediate scrutiny: What are the driving forces behind this rapid expansion? According to the most recent figures from the Debt Management Office (DMO), the nation’s total debt has climbed by ₦4.72 trillion, or 3.3%, rising from ₦144.67 trillion at the…

Ghana is embarking on a transformative journey, one that could reshape its economic landscape for years to come. Recently, the country secured a vital agreement aimed at facilitating continued disbursements under a $3 billion International Monetary Fund (IMF) bailout package. This initiative is crucial, especially as Ghana grapples with the most serious economic challenges it has faced in decades. As the saying goes, "The only way out is through." But what does that pathway look like for Ghana? Known as the…

Borrowing, at times, becomes a necessary tool for countries striving to enhance their development. However, the ability to maintain a modest, year-over-year increase in government debt reflects the sophistication of a nation’s economic management. It signals macroeconomic stability and lays down the foundation for long-term resilience. Imagine a tightrope walker, balancing carefully with each step—this is what prudent borrowing feels like in the context of national economies. Across the rich tapestry of Africa,…

Considering the future, I grappled with a significant dilemma: the thought of burdening my family financially felt heavy on my heart. Unlike many aspiring medical students who carry the weight of six-figure debt, I craved an alternative path—one that wouldn’t jeopardize my family’s stability. What if there was a way to pursue my dreams without incurring an insurmountable financial burden? When I set my sights on Ukraine for medical school, a window of opportunity opened. Unlike many institutions elsewhere, I wouldn't need…

As we move deeper into 2025, an increasing number of African nations find themselves grappling with the weight of their financial commitments to the International Monetary Fund (IMF). The road toward fiscal stability seems to be riddled with challenges that threaten both economic and social progress. In countries such as Ghana and Malawi, the solutions offered through IMF-supported programs have often manifested in painful austerity measures. These measures, while intended to stabilize economies in the long run, tend to…