Nigeria: Court Blocks Nduka Obaigbena’s Accounts Over $225.8 Million First Bank Debt
The court forbids all banks from dealing in all monies and assets belonging to Mr Obaigbena and General Hydrocarbons Limited. ...
Tag: Debt
Africa’s Debt Burden Eroding Funds for Sustainable Development in Ldcs
Soaring repayment costs leave Africa's Least Developed Countries struggling to fund health, education and SDG priorities Africa's rising debt burden ...
Russia forgives Somalia’s Soviet-era debt
MOSCOW, Russia – The governments of Russia and Somalia have agreed to settle the African nation’s debt to Moscow. ...
Zimbabwe: Activists Demand Trillions in Climate Finance, Urging Developed Nations to Repay ‘Climate Debt’ to the Global South
Global climate activists intensified their demands at COP29 in Baku, calling for developed countries to take accountability for climate change ...
Somalia Secures ¥14 Billion Debt Relief from Japan
MOGADISHU, Somalia — In a significant move bolstering Somalia’s economic recovery, Finance Minister H.E. Bihi Iman Egeh signed a debt ...
US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement | Global development
Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be cancelled by the US, a sum representing ...
Ethiopia pushes for swift debt restructuring with new proposal, calls for global financial system reform
During the Global Sovereign Debt Roundtable on 25 October 2024, Eyob Tekaligne, Ethiopia’s State Minister for Finance, presented a new ...
Nigeria: Alleged N168m Debt – Court Clears Bizman of All Indebtedness to Amcon
Justice Daniel Osiagor of the Federal High Court in Lagos has discharged the managing director of PC Outlet Limited Company, ...
Seychelles’ Fiscal Policy Is to Reduce Debt to Almost 50 Percent By 2029
Seychelles' Fitching Ratings at BB- with a positive outlook is a good indication that the country is doing well in ...
Nigeria: Unga 79 – Tinubu Seeks Debt Forgiveness for Nigeria, Others
President Bola Tinubu has called for debt forgiveness for Nigeria and other developing countries from creditors and multilateral financial institutions. ...
