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1 – 10 of 164The prolonged dry period is having a serious economic impact, as Zambia relies heavily on hydropower to generate electricity and has been forced to implement power cuts for…
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DOI: 10.1108/OXAN-DB286866
ISSN: 2633-304X
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After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…
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DOI: 10.1108/OXAN-DB286934
ISSN: 2633-304X
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The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…
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DOI: 10.1108/OXAN-DB286478
ISSN: 2633-304X
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Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…
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DOI: 10.1108/OXAN-DB286657
ISSN: 2633-304X
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The meeting comes amid escalating rhetoric over the failure to implement key aspects of the agreement, and warnings of the risk of famine and even the potential for renewed…
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DOI: 10.1108/OXAN-DB285901
ISSN: 2633-304X
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This episode could have a significant impact on South Sudan's government, which derives almost 90% of its revenue from oil.
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DOI: 10.1108/OXAN-DB286085
ISSN: 2633-304X
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The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…
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DOI: 10.1108/OXAN-DB283254
ISSN: 2633-304X
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Separately, it says it has now also opened talks with private bondholders to try to reach a similar understanding over USD3bn in dollar-denominated bonds.
This brings the three-year attempt to negotiate a debt-restructuring deal to a halt at the last hurdle. The parties must now try to salvage the deal before the end-of-year…
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DOI: 10.1108/OXAN-DB283748
ISSN: 2633-304X
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Chinese loans for large-scale infrastructure have largely stopped since 2019 and are unlikely to recover due to repayment problems and environmental concerns. Chinese corporations…