by afrikanfrontier | Jul 1, 2023 | Finance, News
Zambia’s recent agreement with a consortium of creditors, led by China and France, to restructure its $6.3 billion bilateral debt marks a significant milestone in the country’s path to financial recovery. This breakthrough paves the way for a potential...
by afrikanfrontier | Jun 27, 2023 | Finance, News, Politics
Zambia has achieved a significant milestone in its almost three-year struggle since becoming the first African country to default during the Covid-19 pandemic. The nation has successfully secured debt relief from its bilateral creditors, offering a glimmer of hope to...
by afrikanfrontier | May 31, 2023 | Finance, News
Zambia’s recent decision to enable citizens to withdraw a portion of their pensions prematurely is yielding unintended consequences, as it directly impacts a crucial source of government financing at a time when the country is grappling with the ramifications of...
by afrikanfrontier | May 28, 2023 | Business, Finance, News
Manuel Chang, the former finance minister of Mozambique, is expected to face charges in the United States related to his alleged involvement in a high-profile scandal known as the “tuna bond” scandal. This development comes after Mozambique’s appeal...
by afrikanfrontier | May 28, 2023 | Business, Finance, News
Akinwumi Adesina, the President of the African Development Bank, has voiced concerns over the inadequacy of climate finance allocated to Africa. Speaking at the annual meetings of the multilateral lender in Sharm El-Sheikh, Egypt, Adesina emphasised the urgent need...
by afrikanfrontier | Dec 13, 2022 | Business, Finance, News, Politics
The Central Bank of Nigeria has announced new limits on cash withdrawals, in an effort to curb the circulation of illegal funds and improve financial stability in the country. Under the new rules, individuals will be limited to withdrawing a maximum of 500,000 Naira...
