Tag: Zambia

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Zambia dealt major setback as official creditors object to bond deal

Zambia suffered a major setback in its debt restructuring efforts, after the government said on Monday a revised deal to rework $3 billion of...

Zambia official creditors, IMF voice ‘reservations’ on bondholder deal

Zambia's official creditors and the International Monetary Fund have "expressed reservations" about a debt restructuring deal the government has reached in principle with an international...

Zambia announces debt restructuring agreement with bondholders

Zambia's finance ministry said on Thursday it had reached an agreement in principle on debt restructuring terms with a creditor group holding its international...

G20 draft welcomes moves on Zambia, Ghana debt restructurings

Finance leaders from the Group of 20 (G20) major economies welcomed "advanced work" toward finalization of a memorandum of understand for Zambia's debt treatment...

Zambia debt restructuring to save $7.7 billion by 2026, IMF says

Zambia's long-delayed external debt restructuring will save the southern African country $7.65 billion by 2026, the International Monetary Fund (IMF) said in a report...

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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...

IMF: South Africa needs decisive efforts to cut spending

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

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

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

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