IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries.
African countries should tread carefully over the debt relief offered by multilateral institutions and other lenders. It could prove very costly in the medium to long term.
European Commission President Ursula Von Der Leyen and European Council President Charles Michel at the latest leaders’ summit.
Another EU leaders' meeting, another humdrum announcement afterwards.
Ethiopia’s economic growth hovered between 8%-11% for over 10 years but its sovereign credit rating has not been upgraded
The alarm being raised by multilateral financial institutions about rising government debt across Africa is exaggerated. The real problem is that African governments pay way over the odds for debt.
Sunset over Omo River valley in southern Ethiopia.
Prospective investors have the task of turning round an industry beset by technical challenges and incomplete planning
Kenya’s debt levels are rising at an alarming rate.
Kenya's heavy debt burden is worrisome and could damage its economy in the long-term.
African countries are facing a huge problem brought on by a sovereign debt crisis.
At least a dozen sub-Saharan Africa countries have raised debt through sovereign bonds. The chickens are now coming home to roost.
Following the EU summit in Brussels this week, it seems eurobonds are back on the agenda. But will it be what it needed to save the Eurozone?
The special EU summit held in Brussels on Wednesday revamped the discussion on Eurobonds (i.e. the issuance of common government bonds to pool the Eurozone debt liability) as a possible option to address…