East African Countries Top Africa’s Debt List
A report by Afreximbank reveals that African countries’ defaulted loans hit a record $149.4 billion in 2022, driven by rising…
Tag: Debt
Land Bank Secures Historic Debt Restructuring Agreement
After years of challenging negotiations, the Land Bank has achieved a groundbreaking deal with its lenders to restructure its substantial…
Nigeria Settles 98% of $850 Million Debt to International Airlines
Nigeria has settled 98% of its $850 million backlog owed to international airline operators, leaving $19 million pending verification by…
Ivory Coast’s Economic and Debt Performance Best in Sub-Saharan Africa
Ivory Coast is now the highest-rated sovereign in Sub-Saharan Africa with foreign debt outstanding. It displaced South Africa, which was…