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African debts

Why Nigeria’s Debt Stock Will Rise To N187.8trn In 2025

South Africa, Egypt, Nigeria, Four Others Account For 54% Of Africa’s Foreign Debt Stock

An analysis of a report released recently by the African Export-Import Bank (Afreximbank) reveals that seven countries, including South Africa, Egypt, Nigeria, Morocco, Mozambique, Sudan and Angola, are responsible for about 54.4 per cent of Africa’s foreign debt stock. Titled ‘State of

June 9, 2025

Africa

African Leaders Unite To Tackle Debt Crises

In a groundbreaking move, seven former African heads of state have joined forces to launch the African Leaders Debt Relief Initiative, a comprehensive effort to address the continent’s debilitating debt crises. The initiative is spearheaded by a distinguished group of African leaders,

February 26, 2025

UNGA79: Nigeria Calls For Eradication Of ‘Safe Havens’ Aiding Illicit Financial Flow From Developing Countries

News

UNGA79: Nigeria Seeks Eradication Of ‘Safe Havens’ Aiding Illicit Financial Flow

Nigerian government has called on the United Nations to strengthen a global system for the eradication of safe havens that facilitate the flow of illicit funds from developing countries to developed countries. Nigeria’s President, Bola Tinubu, also called for a concerted effort

September 25, 2024

Opinion

Africa’s Mounting Debt Crisis And Need For The Global Financial Architecture Reform

By Muhammad Mustapha Gambo, PhD Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rates in the 2010s and borrowed heavily from international capital markets and China. However, debt has recently become a

August 8, 2024

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

FEATURES·Finance & Economy

10 Countries In Africa With Highest Debt-to-GDP Ratio

What Is Debt-to-GDP? Debt-to-GDP-ratio is an economic indicator that measures how much debt a country has in relation to its Gross Domestic Product (GDP). Often expressed as a percentage, the ratio is used to measure a country’s ability to repay its debt.

July 5, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Africa·Finance & Economy

IMF Says Call To Cancel African Debts Legitimate

IMF) MD Kristalina Georgieva, has acknowledged the legitimacy of the debt cancellation demand made by many African countries.

October 13, 2023

Business·Finance & Economy·Top Stories

5 African Countries Facing Serious Debt Crisis In 2023

Over the past few years, developing nations have been grappling escalating debt levels, facing a multitude of macroeconomic hurdles which limit their ability to service these debts and promote sustainable growth. Often, the result is sluggish economic trajectory, which can only be

April 8, 2023

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African debts

South Africa, Egypt, Nigeria, Four Others Account For 54% Of Africa’s Foreign Debt Stock

African Leaders Unite To Tackle Debt Crises

UNGA79: Nigeria Seeks Eradication Of ‘Safe Havens’ Aiding Illicit Financial Flow

Africa’s Mounting Debt Crisis And Need For The Global Financial Architecture Reform

10 Countries In Africa With Highest Debt-to-GDP Ratio

IMF Says Call To Cancel African Debts Legitimate

5 African Countries Facing Serious Debt Crisis In 2023

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