Debt

Ghana's government and the Ghana Securities Industry Association (GSIA) have reached an understanding on the terms of participation by capital market operators in the country's domestic debt exchange (DDE) programme, they said. Crisis-hit…

Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borrowing to boost its finances and collections by 17%. President William Ruto’s government has been trapped by an…

Dozens aid and campaign groups called on Wednesday for international creditors to cancel a large portion of Ghana's debts as it struggles to contend with an economic crisis. Ghana's consumer inflation rose to 54.1% year-on-year in…

International Monetary Fund Managing Director Kristalina Georgieva confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major economies. Ghana requested on Tuesday to restructure…

The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar, to service railway-related debts between 2016 and 2022, the Debt Management Office has said. The Nigeria external debt service…

The Director General of the Debt Management Office, DMO,  Mrs Patience Oniha, says the domestic debt profile of Nigeria stands at N3.685 trillion. Mrs Oniha stated this when she appeared before the House of Representatives Committee on…

The Federal Capital Territory Administration (FCTA), has commenced prosecution of defaulting property owners and titleholders in Abuja, who owe the administration Ground Rent debts. In a statement, signed by the Director…

An International Monetary Fund (IMF) mission  holds discussions with Zambian officials on the thorny issue of debt that has been strangling the country for many months. The two-day visit led by the IMF deputy managing director,…

The Joint Union Action Committee (JUAC), the umbrella body of the various employees’ unions in the Federal Capital Territory Administration (FCTA), has commended the FCT Minister, Malam Muhammad Musa Bello, for the payment of promotion…

The Minister of Higher Education, Blade Nzimande revealed that universities are owed more than 700 million US dollars in fees due between 2010 and 2020 with historically disadvantaged institutions bearing the brunt of the costs.…