Debt - eriinfo

Africa

Africa: Private Credit Rating Agencies Shape Africa’s Access to Debt. Better Oversight Is Needed

eriinfo.com3 weeks ago013 mins

Africa’s development finance challenge has reached a critical point. Mounting debt pressure is squeezing fiscal space. And essential needs in infrastructure, health and education remain unmet. The continent’s governments urgently need affordable access to international capital markets. Yet many continue to face borrowing costs that make development finance unviable. Sovereign credit ratings – the assessments…

Africa

Africa: South Africa Restores Power At Nigerian High Commission After Debt Payment

eriinfo.com3 weeks ago03 mins

Electricity has been restored to the Nigerian High Commission in Pretoria, South Africa, after the diplomatic mission settled outstanding municipal service debts, the City of Tshwane announced. The power supply was disconnected on Monday by the City of Tshwane as enforcement action over unpaid utility bills owed by the Nigerian High Commission. The move was…

Africa

Africa: Nigerian High Commission Offsets Electricity Debt After Disconnection By South Africa

eriinfo.com3 weeks ago02 mins

The Nigerian High Commission in South Africa has settled its outstanding electricity bills following the disconnection of power to its premises by municipal authorities. The Mayor of City of Tshwane, Nasiphi Moya, had earlier announced that electricity supply to the Nigerian High Commission was cut as part of the city’s debt recovery drive. Moya said…

Africa

Africa, Rating Agencies and the Cost of Debt

eriinfo.com4 weeks ago03 mins

How much we pay for the debt that we incur determines a great deal in our lives. This is true of countries too. In the world of sovereign debt – money raised or borrowed by governments – the cost of debt is dependent on, among other factors, how rating agencies “grade” a country. It’s a…

African Tech Funding Rises to .1b in 2025 As Debt Takes Larger Role

African Tech Funding Rises to $4.1b in 2025 As Debt Takes Larger Role

eriinfo.com4 weeks ago03 mins

African tech startups raised US$4.1 billion in 2025, up 25% from a year earlier, marking the strongest funding year since 2022, according to Partech’s annual Africa Tech Venture Capital Report released January 22, 2026. Equity funding reached US$2.4 billion, an 8% increase year on year, across 462 deals. Debt financing climbed to a record US$1.6…

Oracle sued as bondholders allege AI debt plans were hidden

eriinfo.com1 month ago03 mins

Oracle chairman Larry Ellison. Robert Galbraith/Reuters Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison concealed its need to sell significant additional debt to build out its artificial intelligence infrastructure. The proposed class action was filed in a New York state court in Manhattan…

Africa

Africa: The G20 Was Built to Stabilise the World’s Economy – but It’s Failed On Climate, Debt and Inequality

eriinfo.com1 month ago013 mins

The Group of Twenty (G20) emerged from the financial turmoil that followed the collapse of the Thai currency in 1997, which rapidly spread financial instability from Thailand to the rest of Asia. At that time, the finance ministers and central bank governors convened to forge a strategy to stabilise the global economy and prevent future…

Concerns over Oracle’s debt spill over into its projects

eriinfo.com2 months ago04 mins

A view of Oracle’s headquarters in Redwood Shores, California. Justin Sullivan | Getty Images The apprehension investors have surrounding Oracle has spilled over from manifesting in its stock price — which has fallen nearly 50% from its all-time high on Sept. 10 — to affecting its projects. Asset management firm Blue Owl Capital reportedly pulled…

Wiocc lands R1.1-billion in debt funding for data centre, fibre expansion

eriinfo.com2 months ago03 mins

Wiocc Group CEO Chris Wood Pan-African digital infrastructure provider Wiocc Group has secured an additional US$65-million (R1.1-billion) in debt financing to support the continued expansion of its connectivity and data centre footprint across Africa. The new funding was arranged through a sustainability-linked debt facility involving the International Finance Corporation (IFC), Proparco and the Emerging Africa…

Africa

Africa: G20 Pledges to Fight Global Inequality and Rising Sovereign Debt Crisis

eriinfo.com3 months ago07 mins

Despite official US boycott, participants agreed for shared responsibilities in dealing with the challenges of climate change and reforms in the UN with the objective of equitable global governance The first ever G20 summit on the African continent concluded on Sunday, November 23 on a note of shared responsibilities to deal with global inequality and…