Interest payments on long-term debt in sub-Saharan Africa surged nearly sevenfold between 2010 and 2023, reaching $26 billion, according to the World...
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Interest payments on long-term debt in sub-Saharan Africa surged nearly sevenfold between 2010 and 2023, reaching $26 billion, according to the World Bank. The sharp rise coincided with the region’s foreign borrowing doubling to $864 billion. Countries like Mozambique and Senegal were particularly affected by the debt pressure, which has left some nations allocating more… Read More »Debt Servicing Costs Soar Amid Sub-Saharan Africa’s Financial Strain
Interest payments on long-term debt in sub-Saharan Africa surged nearly sevenfold between 2010 and 2023, reaching $26 billion, according to the World...
Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest costs and a one-off purchase of military homes, according to...
Nigeria will top five smartphone markets in Sub-Saharan Africa by 2030 leading with 230 million smartphones connections but inflation and currency...
By Michel Haoses. According to the recently released World Bank Group Global Economic Prospect report, growth in Sub-Saharan Africa is expected to...
The EURGBP cross extended its upside to near 0.8375 in early European trading on Friday. The Pound Sterling remains under selling pressure amid...
Net household financial savings in India improved from 5% of GDP in FY23 to 5.3% in FY24, and early indicators suggest a sharp rebound in the first...
Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial...
Government is shifting the majority of its financing from external to domestic sources as it implements a new debt management strategy that includes...
The companies will work together to deploy solar-powered base stations in sub-Saharan Africa’s largest country.