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…
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…
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…
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 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…
