Tag: Zambia

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Debtors, creditors agree steps to jumpstart debt restructurings

Global creditors, debtor nations and international financial institutions on Wednesday agreed ways to jumpstart and streamline long-stalled debt restructuring efforts, including through improved data...

Yellen to push for ‘speedy’ action on debt relief for Zambia, Ghana

U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts,...

IMF: Zambia needs bilateral debt relief to secure next payout

 The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent upon its bilateral creditors reaching an...

Kamala Harris urges Zambia creditors to expedite debt restructuring

U.S. Vice President Kamala Harris, on a week-long tour of Africa, on Friday urged Zambia's bilateral creditors to expedite the restructuring of its debts. Harris...

Kamala Harris exhorts Africans to innovate, empower women in Ghana speech

U.S. Vice President Kamala Harris challenged Africans to step up innovation and the empowerment of women in order to play their full part in...

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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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