AFRICABUSINESSECONOMYHOTNEWS Economy: Biya’s Cameroun Makes it to the Top 10 African Countries Most in Debt at the IMF While a substantial loan from the International Monetary Fund (IMF) can provide essential financial support…Benjamin NgahOctober 1, 2024
AFRICAECONOMYHOTNEWSWORLD World Bank, AfDB to light 300 Million Africans by 2030, Skeptics Doubt it Will Happen The World Bank has, in a bold initiative, set a goal to electrify 250 million…Killian NgalaMay 5, 2024
AFRICACULTUREECONOMYHOTNEWSPOLITICSWORLD Gay Rights Squabbles: Uganda Brushes off World Bank’s Promise to Cut Funding, All Political Chapels Back Anti-Homosexuality Act The shilling seems to have stabilized against the United States of America dollar (USD), after…Dicta AsiimweAugust 16, 2023
AFRICAECONOMYHOTNEWSWORLD Economy: IMF Spreads Distress, Suffering, Misery across Africa as New Structural Adjustment Looms The World Bank estimates that Africa is paying $68.9 billion in debt servicing per year,…Dicta AsiimweAugust 9, 2023
AFRICAECONOMYHOTNEWSWORLD As BRICS Grows in Strength, Developing Countries Want IMF Restructured to Avoid Sinking Africa into Further Distress As African countries sink further into debt, the African Forum and Network on Debt and…Killian NgalaAugust 3, 2023
ECONOMYHOTNEWSWORLD Cameroon’s Economy Takes another Nosedive as Moody’s Cuts Rating Two Notches to Caa1 Citing Delayed Loan Payment Moody’s downgraded Cameroon’s credit rating to Caa1 from B2, citing delayed external debt payments in…EL RaskumarJuly 29, 2023
AFRICAECONOMYHOTNEWSWORLD Nairobi: World Bank Liaises with Kenyan Gov’t to Bailout Herders against Persistent droughts, Rescue Animal Breeding Kenya will spend $140 million to protect herders against the vagaries of the weather. The…Killian NgalaApril 19, 2023
AFRICAECONOMYHOTNEWS Economy on Free Fall: Cameroon’s Foreign Debt Hits 489% in 13 years, Raising Concerns of Over Indebtedness Between 2009 and 2022-a period of 13 years, Cameroon’s foreign debts rose exponentially, rising from…Killian NgalaFebruary 27, 2023
AFRICAECONOMYHOTNEWS Amid Biting Inflation, Cameroon Raises Fuel Prices by Over 15% It’s now official. Cameroonians will have to pay higher to get fuel. With effect from…Killian NgalaFebruary 1, 2023
AFRICAECONOMYHOTNEWS Ghanaians Take to the Streets to Protest Worsening Economic Conditions, Call on President Akufo-Addo to Resign Human rights and economic freedom advocates on Saturday, November 5, led hundreds of Ghanaians and…Daniel AbugahNovember 6, 2022