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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 tab to supply gas to its proposed $3.8 billion Brass methanol facility, resolving a major hurdle...
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 resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President...
IMF: South Africa needs decisive efforts to cut spending
South Africa needs more decisive efforts to cut spending and reduce its debt to gross domestic product ratio, which is expected to reach almost...
World Bank sounds alarm on ‘historical reversal’ of development for poorest nations
Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in...
Ghana fails to reach debt deal with international bondholders
Ghana has failed to strike a deal with two bondholder groups to restructure $13 billion of international bonds, the government said on Monday, dealing...
