africa debt Stories

Kenya, Tanzania receive billions in aid, report shows amid rising debt concerns
Bashir Mohammed  |  Jun 22, 2024

In 2022, 10 African countries, including Kenya, Tanzania, Uganda, and the DRC, accounted for nearly half of the continent's ODA. This significant infl...

Expensive loans hurting African economies - AfDB boss
Albert Mwazighe  |  May 06, 2024

The sharp rise in the cost of loans is attributed to the shift from concessional financing to more expensive and short-term commercial debt.

Museveni chides World Bank, urges audit of intentions behind loans
Amina Wako  |  Apr 30, 2024

Museveni accused the bank of emphasising profit-driven agendas and prioritising loans for seminars at the expense of Africa's development.

Explainer: What is the IDA Replenishment Summit currently underway in Nairobi?
Amina Wako  |  Apr 29, 2024

In the draft "Nairobi IDA Communique" to be deliberated upon, African leaders will outline urgent priorities for IDA's upcoming three-year funding cyc...

State budget cuts still far from easing Kenya's debt pains - report
Dennis Tarus  |  Jan 29, 2024

In a new report, the Institute of Public Finance (IPF) says that despite cutting budgets to control government spending, high public debt service cost...

Startup funding: Kenya leads with Sh127bn, West Africa's dominance ends
Jill Namatsi  |  Jan 10, 2024

Kenya took the top position on the continent but the $800 million - 28 per cent of the total raised by the continent - was a 25 per cent drop from wha...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.