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.
15 Nov 2022
South Africa approves a funding plan for phasing out coal-based power. However, the hundreds of millions in loans have some citizens worried about supersizing the nation's debt.
14 Nov 2022
South Africa approves a funding plan for phasing down coal power. But the hundreds of millions in loans have some citizens worried about supersizing the nation's debt. African leaders at the COP27 summit look to hold wealthier nations accountable for their emissions.
9 Oct 2022
At the head of a right-wing coalition, far-right Brothers of Italy leader Giorgia Meloni is gearing up to become Italy's new head of government. On the economic front, she'll be faced with rising consumer prices as well as the ongoing issue of national debt.