French IT services and consulting firm Atos unveiled a refinancing plan on Tuesday that failed to fully reassure investors. In this edition, we take a look at how the company, which provides cybersecurity services to the Olympic Games and supercomputers for France's nuclear arsenal, accumulated close to €5 billion in debt.

Telecommunication firms in Nigeria have issued disconnection notice to banks amid a disagreement over Unstructured Supplementary Service Data service debt running to over 120 billion naira.

New mothers in Democratic Republic of Congo can be effectively held hostage if they can not pay their medical debts - but one businesswoman is coming to their rescue, paying maternity bills and allowing them to return home.

When 18 incoming new governor takes over their states on May 29, 2023, they will take over near-bankrupt states. Overall, the governors who have completed their constitutionally allowed two terms plus Bello Matawalle of Zamfara, who could not secure re-election, will pass on a whopping N3.2 trillion to the new state handlers. The 19 states’ debt is about 44 percent of the cumulative $17.34 trillion owed by the 36 states and the Federal Capital Territory.