Category: Loans

Last week the Nigerian Debt Management Office (DMO) published a refreshingly simple and transparent summary of the country's borrowing from China that included detailed information on how much the country owes, the terms and what the money's being used for. This is not something we've ...

The team at the China-Africa Research Initiative at Johns Hopkins University in Washington, D.C, has been poring through the treasure trove of information contained in the World Bank's newly released International Debt Statistics database. "For decades, researchers have ...

The London-based consultancy Africa Practice published a new infographic on Twitter that highlights the wide disparities between different countries' debt-to-GDP ratio across the continent. 

Back in May, the online Nigerian financial news site Nairametrics ran an article with the frightening headline: "Nigeria is falling into China’s debt trap." This, of course, is nothing new. Many Nigerians, along with countless others across Africa, now firmly believe that China ...

If you missed last Thursday's webinar by the China-Africa Research Initiative (CARI) at Johns Hopkins University about Chinese debt relief in Africa, the slides used in the presentation are now available online. Since CARI's data and analysis on the Chinese debt ...

Contrary to widespread perception, Zambia is not ensnared in any kind of Chinese debt trap, argues Reuters Breakingviews columnist Ed Cropley in a recent op-ed video published on the news agency's YouTube channel.  Quite the opposite, in fact. If anyone's caught ...

Washington, D.C.-based Eurasia Group Africa Practice Director Amaka Anku sought to clarify a key point of confusion that emerged last week, when the Nigerian Ministry of Finance released a report stating that the country's debt servicing costs was equivalent to all of the revenue generated by the ...

Amid all of the talk of Chinese debt traps and moves by Nigerian legislators to review the past 20 years of loan contracts with China, the country's Debt Management Office (DMO) in Abuja wants to clarify a few things. The DMO on Friday published a short statement ...

Nigeria's Transportation Minister, Rotimi Amaechi, confirmed that China is expected to approve a new $5.3 billion loan package to build the Ibadan-Kano rail line. The minister made the comments during an interview with the Nigerian news network ChannelsTV and added that he expects the funds ...

While Nigerian President Muhammadu Buhari and his cabinet appear increasingly determined to borrow more from China to fund infrastructure projects, even amid the current economic crisis, critics in the House of Representatives are expressing alarm over the lack transparency in the Chinese loans.

Bloomberg's Nigeria correspondent Alonso Soto is covering the burgeoning debt crisis in Africa more closely than any other international journalist, filing 2-3 stories a week on the topic. Until now, his reporting on the issue has been quite measured, with straightforward stories on the progress of various ...

Kenya Railways is falling behind in its debt service payments for one of the country's new Chinese-built and financed Standard Gauge Railway lines, according to a new budget report submitted to the Kenyan parliament on Wednesday. In its fiscal year 2020-2021 ...