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

Energy 0
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...

IMF: South Africa needs decisive efforts to cut spending

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South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

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Half of the world's 75 poorest countries are experiencing...

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