Private creditors rule out blanket debt relief for Africa
Emerging-market creditors have set up a group to help heavily indebted African nations coordinate responses to the economic impact of
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Economics
Kenya’s risk of debt distress now high – IMF
The International Monetary Fund has raised Kenya’s risk of debt distress to high from moderate due to the impact of
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Tourism worst hit as countries impose restrictions on travel
The tourism sector has taken a serious beating from the COVID-19 crisis as 100 percent of global destinations continue to
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Foreign investment in Nigeria will plummet, says NESG
Foreign investment inflows into Nigeria will experience significant decline in 2020 given the fall in crude oil price, external reserves
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Nigerian households spent N22.78tn on food in 2019 – NBS
Households in Nigeria spent a total of N22.78 trillion on food in 2019, the National Bureau of Statistics has said.
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Africa needs two-year debt relief – Ramaphosa
South African President, Cyril Ramaphosa, said on Friday that African countries needed a two-year debt standstill due to the impact
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$3.4bn loan will limit fall in Nigeria’s forex reserves – Mati
The International Monetary Fund’s Mission Chief for Nigeria, Amine Mati, in a conversation with ‘IMF Country Focus’, described the economic situation
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