Tag Archive
West Africa: Benin, Togo Owe Nigeria N37bn for Electricity Services
[Daily Trust] Nigeria’s international electricity customers of Togo and Benin Republic are owing $28.33m (N37.44bn) debt from ancillary services rendered in 3 years.
Malawi: Court Asked to Seize Blantyre Water Board Funds Over K3bn Debt
[Nyasa Times] Blantyre Water Board, the utility responsible for keeping taps running across Malawi’s commercial city, finds itself embroiled in a High Court battle that could see its bank and mobile-money accounts raided to settle a debt approaching K3…
Uganda: Parliament Approves Eur207.74 M Loan for Strategic Jinja-Kamuli-Bukungu Road
[Nile Post] Parliament has approved a motion authorising the Government to borrow up to EUR207.74 million from Citi Bank and other financial institutions to finance the design and construction of the 127-kilometre Jinja-Mbulamuti-Kamuli-Bukungu road an…
Liberia: Nimba Labour Office Orders Ganta Methodist Hospital to Pay Salary Arrears
[Liberian Observer] The Ministry of Labour’s office in Nimba County has ordered the administration of Ganta United Methodist Hospital to settle salary arrears owed to employees following an investigation that found some workers were being paid below Li…
Africa: Senegal Secures $2.2b IMF Deal As Debt Restructuring Looms
[Daba Finance] Senegal reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, 3-year lending programme as the government seeks to restore debt sustainability after uncovering more than $11 billion of previously misrepo…
Senegal: Senegal and IMF Strike $2.2bn Deal, Two Years After Debt Scandal Froze Funding
[RFI] Senegal and the International Monetary Fund have reached a staff-level agreement on a new $2.2 billion (€1.9 billion) lending programme, nearly two years after an earlier deal was suspended following the discovery of previously unreported …
Senegal: Senegal and IMF Strike $2.2bn Deal, Two Years After Debt Scandal Froze Funding
[RFI] Senegal and the International Monetary Fund have reached a staff-level agreement on a new $2.2 billion (€1.9 billion) lending programme, nearly two years after an earlier deal was suspended following the discovery of previously unreported …
Nigeria: Atiku Vows to Review NELFUND, Offer Debt Forgiveness to Nigerian Students
[Leadership] The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has vowed to review the Nigerian Education Loan Fund (NELFUND) scheme and introduce debt forgiveness for qualifying Nigerian students if elected.
Namibia: Older Namibians Go Into Debt to Make Ends Meet
[Namibian] Your grandmother in Windhoek is struggling to breathe. You call the public ambulance service, but you’re told it could take hours to arrive, if it comes to your area at all.
Namibia: Old People in Namibia Are Going Into Debt to Pay for Everyday Costs – New Report Examines Strained Household Budgets
[The Conversation Africa] Your grandmother in Windhoek, the capital of Namibia, is struggling to breathe. You call the public ambulance service, but you’re told it could take more than 24 hours to arrive, if it comes to your area at all. So you make th…