Zambian President Hichilema's $6bn debt deal hailed as 'historic'
The country, which defaulted in 2020, has been engaged in protracted talks over its repayments.
2023-06-23 22:25
Zambia Debt Deal Spurs Rally in Distressed Emerging Markets
Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia’s
2023-06-23 20:59
Egypt’s Devaluation Timeline Sets Back Clock for More Rate Hikes
Egypt looked past a pick-up in inflation to keep interest rates unchanged for a second month, with the
2023-06-23 16:23
Zambia Wins Debt Relief, Sets Precedent for Stressed Nations
Zambia reached an agreement in principle to restructure $6.3 billion of debt with bilateral lenders, setting a precedent
2023-06-23 14:55
El Nino’s Fierce Heat Carries New Risk of Resurgent Deadly Viruses
The return of El Niño after nearly four years is raising the specter of extreme weather, economic pain,
2023-06-23 12:56
Kenya-EU trade deal: Why the East African Community was left out
Kenya felt it was best to sign a bilateral trade deal, despite claims that it undermined regional unity.
2023-06-23 09:51
IMF Touts $100 Billion for Poorest; Zambia Deal: Paris Update
The International Monetary Fund confirmed rich countries have channeled $100 billion to finance lending for the world’s poorest
2023-06-23 00:21
Egypt Climate Bond May Get Vital Guarantee From Asian Bank
The Asian Infrastructure Investment Bank, a multilateral development bank, is in talks to guarantee a climate-related bond being
2023-06-22 23:52
Zambian Currency and Eurobonds Rally on Bets of Debt Revamp Deal
Zambia’s currency and dollar bonds traded near multi-month highs, having chalked up double-digit gains so far this month
2023-06-22 17:59
China’s Cnooc Plans Offshore Oil, Gas Exploration in Tanzania
China’s Cnooc Ltd. is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corp. as the
2023-06-22 16:51
As West Battles China, a Trade Ally Tries to Keep Both Doors Open
The drive south from the ancient city of Tangier spans decades of economic development in half an hour,
2023-06-22 12:19
Asia Stocks Face Headwinds After US Extends Slump: Markets Wrap
Asian stocks face downward pressure at the start of trading Thursday after US equities extended declines, with Federal
2023-06-22 06:47