Tag: Debt restructuring

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IMF board to meet on July 12 for first review of Zambia’s programme

The International Monetary Fund executive board will meet on July 12 to complete the first review of its $1.3 billion extended fund facility (EFF)...

Zambia confirms it has agreed debt restructuring with official creditors

Zambia on Thursday confirmed it had agreed a debt restructuring deal with its official creditors, adding it would now seek a quick agreement with...

Ghana unions request time to mull $2.7 billion pension fund restructuring offer

Ghanaian labour unions have asked the government for time to assess a proposal presented on Thursday to restructure pension funds worth around GHC30 billion...

Zambia urges official creditors to advance debt restructuring at next meeting

Zambia's minister of finance urged its official creditors to make progress on restructuring its debt at their next meeting, as the southern African country...

Ghana power producers reject government bid to restructure $1.58 billion debt

Ghana's independent power producers have rejected a government proposal to restructure $1.58 billion in arrears owed them by the state, the head of the...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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