"This combination of higher costs and higher debt risks restricting capacity for future borrowing" the OECD said in a report ...

Debt service costs as a percentage of GDP for the 38 OECD countries rose to 3.3% in 2024, up from 2.4% in 2021, according to ...

Interest payments on domestic debt alone jumped 2.6 times to Sh325.7 billion and accounted for the increase in debt service ...

Kenya and the International Monetary Fund (IMF) will discuss a new lending programme and abandon the current one, as the ...

Mr. Ricafort said the expected rate cuts by the US Federal Reserve would “somewhat help reduce external debt servicing costs, going forward.” “But would be offset by [Donald] Trump’s higher US import ...

Ghana's new government will make steep spending cuts this year to recover the economy, Finance Minister Cassiel Ato Forson ...

Old Mutual Holdings has posted the first profit in over six years on the back of reduced costs of servicing loans. The insurer has reported a net profit of Sh838 million in the financial year ...

African countries are collectively scheduled to pay almost $89 billion in external debt service costs this year alone, while 20 nations face the risk of falling into debt distress, according to a ...

as the country struggles to get its economy back on track after a borrowing spree led to a surge in debt-servicing costs. The East African nation needs continued financial support from the Fund to ...