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Fitch lowers Ghana to “restricted default” after coupon payment missed

Editors Pick The Business Files Reporter -
Ratings agency Fitch on Tuesday downgraded Ghana's long-term foreign-currency issuer default rating to 'restricted default', after the country missed the grace period to make...

Africa’s debt conundrum

Africa The Business Files Reporter -
Some observers believe that African governments are falling into the same debt patterns as spiralled out of control in the 1990s and into the...

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World Bank’s Banga says more bilateral debt forgiveness needed

Africa 0
World Bank President Ajay Banga said on Thursday (17...

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

Business 0
Ghana has finalised a pact with its official creditor...

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

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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 0
Africa's immense economic potential is being undermined by non-transparent...

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