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Tag Archives: debt

U.S. House passes bipartisan debt ceiling bill

New York, | Xinhua |  The U.S. House of Representatives Wednesday passed a bill that lifts the federal government debt ceiling until Jan. 1, 2025. Lawmakers voted to pass the bill 314 to 117 after it was introduced to Congress late Sunday. Entitled The Fiscal Responsibility Act of 2023, the …

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M-Kopa raises record Ksh35bn in debt and equity

Kampala, Uganda | THE INDEPENDENT |Solar and asset financing firm M-Kopa has secured Kshs35 billion ($255 million) financing in new debt and equity from Standard Bank and Japanese-based trading house Sumitomo Corporation among others for expansion in sub-Saharan Africa. M-Kopa said the capital injection includes Kshs7.5 billion ($55 million) in …

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Debt Restructuring for Commodity Exporters

Even if they manage to convince their creditors to restructure their debts, commodity-exporting debtor countries are still vulnerable to sudden price fluctuations COMMENT | Jeffrey Frankel | The world is in the midst of a debt crisis. A recent report estimates that 61 emerging-market and developing economies nearly one-third of the International …

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Debt dangers in Africa

Kampala, Uganda | THE INDEPENDENT | Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face. What’s behind the spike in debt …

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Experts caution Uganda on commercial loans, BOU debt

Kampala, Uganda | THE INDEPENDENT | The government is getting many of its economic priorities wrong which could plunge it into deeper crisis even as it tries to recover from the effects of a three-year global slowdown, according to experts. Economic and financial experts say the critical areas that need special …

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Key facts U.S. deliberately ignores about African debt

Western lenders for long have not been put on the spotlight for debt relief because they successfully managed to dupe the world that it’s only Chinese lenders that pose a threat to Africa Beijing, China | Xinhua | Like many senior U.S. officials who have visited Africa, U.S. Treasury Secretary Janet …

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