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Argentina has requested a $20 billion loan from the IMF to support its currency while managing foreign reserves. The country is also in talks with the World Bank and the …
Argentina Requests $20 Billion Loan from IMF Amid Economic Struggles Read More
Argentina has requested a $20 billion loan from the IMF to stabilize its currency and maintain foreign reserves. Additionally, negotiations for further assistance from the World Bank and IDB are …
Argentina Seeks $20 Billion Loan from IMF to Stabilize Economy Read More
Ethiopia has reached an Agreement in Principle with the Official Creditor Committee on a debt treatment plan under the G20 Framework, addressing USD 8.4 billion in debt. This includes a …
Ethiopia Secures Debt Relief Deal with Official Creditor Committee Read More
Ethiopia has finalized a preliminary agreement with its official creditors that includes $2.5 billion in debt service relief from 2023 to 2028, according to the finance ministry. Ethiopia has reached …
Ethiopia Secures $2.5 Billion Debt Service Relief from Creditors Read More
Energy Minister John Abdulai Jinapor raised alarms about Ghana’s energy sector debt, now GH¢80 billion. He urged for immediate measures to tackle this financial crisis, emphasizing the need for collaboration …
Ghana’s Energy Sector Faces GH¢80 Billion Debt Crisis, Urgent Action Required Read More
Ghanaian fintech Fido has raised $30 million in a blend of debt and equity to scale its AI-driven lending services across Africa, led by BlueOrchard Finance and FMO. This funding …
Fido Secures $30 Million Funding to Expand AI Lending Services in Africa Read More
Deloitte forecasts higher credit ratings for Ghana attributed to improved debt sustainability, marked by a 37% reduction in Eurobond components and a declining debt-to-GDP ratio. Plans for liability management and …
Deloitte Projects Improved Credit Ratings for Ghana Amid Enhanced Debt Sustainability Read More
Uganda is compelled to borrow from commercial banks as other options wane, with debt nearing $2 billion. The country is seeking a $190 million loan for Umeme Ltd’s exit claims, …
Uganda Increases Borrowing from Banks Amidst Thinning Credit Options Read More
Kenya and the IMF have decided to start formal talks on a new lending programme, abandoning the ninth review of the existing $3.6 billion loan. Continuing support is crucial for …
Kenya and IMF Initiate Talks for New Lending Programme Following Loan Review Abandonment Read More
Brazil’s outstanding credit remained stable in January, showing an annual increase of 11.7%. The default rate in non-earmarked credit rose to 4.4%, while lending spreads widened. Despite high borrowing costs …
Brazil’s Credit Stock Stabilizes in January Amid Annual Growth Read More