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Settled debt to save Denel R250 million a year

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National Treasury has allocated Denel R2.9 billion in order for it to pay its government guaranteed debt, and this will save Denel R250 million...

Denel granted extension on debt of close to R700 million

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State-owned defence and security conglomerate, Denel, was granted a lifeline at the weekend with an extension given to repay R690 million due...

Zimbabwe domestic debt at $4 billion

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Zimbabwe's domestic debt rose 40%to $4 billion during the year to March while the budget deficit was $230 million in the first...

Air Zimbabwe aircraft seized by South African creditor

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Bid Air Services on Friday seized one of Air Zimbabwe's Boeing 737-500 aircraft over outstanding debt in the latest setback for the...

Italy’s PM in austerity race, IMF denies in aid talks

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Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission...

Cold comfort as austerity bites in Europe

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While workers protest against austerity measures on the streets, cash-strapped Europeans are feeling the pain at home, struggling to pay for heating...

U.S. lawmakers abandon deficit-cutting effort

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U.S. lawmakers abandoned their high-profile effort to rein in the country's ballooning debt in a sign that Washington likely will not be...

Street crime wave hits Europe’s capital

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A wave of theft and vandalism has hit the downtown of Europe's capital, only blocks away from where leaders have been trying...

No shortage of buyers for Ugandan debt

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Appetite for Ugandan debt shows no sign of waning as yields continue to climb in response to soaring inflation. Meanwhile, investors in...

Zimbabwean government takes over Air Zimbabwe debt

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The government of Zimbabwe will take over state owned airline Air Zimbabwe's US$138 million, according to Transport Minister Nicholas Goche. Goche this week...

Germany plans to waive some Egyptian debt

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Germany plans to waive debt of 240 million euros to Egypt if the funds are used to support democratic reforms, Foreign Minister...

Ivory Coast says can’t service external debt in 2011

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Ivory Coast, which has been in default for more than six months, said it was unable to service on its external debt...

Nigerian airlines struggle under heavy debt burden

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Nigeria's airline industry owes banks and the government as much as $2 billion after funding rapid expansion with short-term loans, leaving some...

Congo appeals for creditors to snub vulture funds

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Democratic Republic of Congo has urged creditors not to sell its debt to vulture funds as it struggles to pay back loans...

Zimbabwe seeks HIPC status for debt relief: minister

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Zimbabwe will seek highly indebted poor country status to have its $6 billion international debt cancelled to help spur economic growth, Finance...

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