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Tanzania has assumed the chairmanship of regional labour committee from Uganda. Kampala has been praised for expanding regional labour migration facilities. IOM supports labour…
Saudi Arabia commits to increased trade with Tanzania. Already the…
Tanzania is rolling out new laws aimed at attracting investors…
Central African Republic (CAR) may see growth projected at 3.6 percent in 2024 and 2025.…
Players in Kenya’s tourism industry asked to offer unique and cutting-edge services and experiences to…
Women and youth in Kenya’s agricultural sector are set to benefit from new AfDB funding. …
As the 16th president of Nigeria, Bola Ahmed Tinubu has inherited an economy grappling with record-high inflation, enduring unemployment, extreme poverty, crumbling infrastructure and high levels of insecurity. However, Nigeria’s debt situation is a sore thumb among these challenges.
Nigeria’s external debt stock stood at US$41.69 billion in 2022. Multilateral lenders accounted for almost half of this figure, with Eurobonds taking about 38 per cent of Nigeria’s external debt. China’s Exim Bank accounts for US$4.3 billion, or 86 per cent of the $5 billion in bilateral debt.
xternal and domestic economic shocks disrupted Sierra Leone’s post-pandemic recovery, exacerbating existing macro-fiscal vulnerabilities and plunging Sierra Leone into a severe economic crisis. In Sierra Leone’s presidential poll today, the citizens will look to choose the best promise for an economic rebuild.
Corruption, inadequate mining laws, and crackdowns on artisanal gold miners are fueling trade in conflict…
