Andrew Mwenda’s recent remarks on Uganda’s fiscal predicament should resonate far beyond Kampala. When nearly half of government revenue, 46 percent, is consumed by debt servicing, leaving only 54 percent for salaries, roads, bridges, dams, healthcare, education, and other public investments, the challenge is no longer merely fiscal. It is developmental. A nation cannot sustainably…
One of the experts said Africa’s debt crisis should not be viewed only through economic indicators but through its impact on ordinary citizens At least 32 African countries now spend more on debt servicing than on healthcare, exposing the growing human cost of the continent’s worsening debt crisis, experts said on Wednesday at the opening…
Fintech firms Ozow and Happy Pay have established a partnership to position BNPL as an option at checkout, tapping growth within the BNPL space. (Image: 123RF) The buy now, pay later (BNPL) model does not encourage or drive overspending, according to South African payment platform Happy Pay, which says this would not serve anyone’s interest…
Ecobank Transnational Incorporated (BRVM: ETIT) is preparing to raise $500 million through a subordinated debt issue as it moves to refinance part of its balance sheet ahead of a regulatory deadline in June 2026. The Lomé-based lender plans to use the proceeds to exercise a call option on about $350 million of existing Tier 2…
Cassava Technologies and Liquid Intelligent Technologies CEO Hardy Pemhiwa Liquid Intelligent Technologies has completed a US$660-million (R10.8-billion) refinancing that neutralises the near-term default risk that was hanging over the pan-African fibre operator – but at a sharply higher cost of capital than it was paying before. The centrepiece of the deal is a US$300-million senior…
Discover moreOnline Magazine SubscriptionsAfrican Cultural ExperiencesReal-time Event UpdatesBloomberg The Iran war is raising borrowing costs for African countries that are only just recovering from the post-pandemic shock that sent debt burdens soaring. Research published Tuesday by ONE Data showed borrowing costs from the World Bank’s International Bank for Reconstruction and Development jumped to 5.2% in…
Nairobi — Africa’s accelerating government-led expansion is drawing global attention, especially as initiatives connected to the USAID Trade Hub highlight how external support is shaping economic priorities across multiple regions. Large-scale investments, ambitious reforms, and infrastructure megaprojects are becoming central to national strategies. However, this rapid growth may carry unintended consequences that are often overlooked…
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Mr Kaseya said sustainable financing is now one of the institution’s five strategic pillars, with a focus on mobilising innovative domestic resources and exploring previously underutilised mechanisms such as debt swaps. The Africa Centres for Disease Control and Prevention (Africa CDC) has intensified efforts to unlock an estimated $1 1billion in health financing through debt-for-health…
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…
