AS AFRICA FIGHTS INFLATION, RISK OF DEBT PILES

AS AFRICA FIGHTS INFLATION, RISK OF DEBT PILES

Faith Nyasuguta  A report by the UK-based Debt Justice released this week shows that African governments owe three times as much debt to private creditors in the West as they do to China. Using data from the World Bank and International Monetary Fund (IMF), Debt Justice estimates that 35 percent of the continent’s external debt […]

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 UGANDA SEEKS FUNDS FOR AMBITIOUS $4B OIL REFINERY

UGANDA SEEKS FUNDS FOR AMBITIOUS $4B OIL REFINERY

Faith Nyasuguta  Uganda state officials have been racking up air miles between Entebbe, Italy and the US to strike a financing deal for the $4 billion refinery project. The government officials admit that the refinery project has fallen behind others, and will likely come onstream later in 2027 at the earliest if the necessary financing […]

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 INFLATION, DEBT & FOREX CRISIS PUSHING MANY AFRICAN ECONOMIES TO THE EDGE-  IMF

INFLATION, DEBT & FOREX CRISIS PUSHING MANY AFRICAN ECONOMIES TO THE EDGE- IMF

Faith Nyasuguta  According to IMF Managing Director Kristalina Georgieva, inflation is currently higher than projected. It has gone beyond food and energy prices, pushing major central banks into announcing further monetary tightening. Currently, shooting food and energy prices are hitting many African countries particularly hard, and they could need more grants and highly concessional financing. […]

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