Tag: Debt Management
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Nova Scotia credit rating downgraded amid deficit concerns
Overview: a downgrade with lingering questions The credit rating for Nova Scotia was downgraded by S&P Global this week, a move that highlights mounting concerns about the province’s fiscal trajectory. The downgrade comes even as provincial leaders acknowledge the seriousness of deficits and the need for a credible plan to restore balance. Premier Tim Houston…
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Moody’s Upgrade Kenya Credit Rating: Implications for Ruto
Moody’s Upgrade Signals a Turning Point for Kenya Credit rating agency Moody’s recently raised Kenya’s long-term foreign currency issuer rating to B3 from Caa1, citing a reduction in near-term default risk and improving fiscal prospects. The upgrade marks a significant milestone for a country navigating high debt levels, inflationary pressures, and a complex domestic political…
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Quiet Power Shift: Burkina Faso and Ghana Rewriting Africa’s Development Playbook
Introduction: A Subtle But Strategic Shift Across Africa, headlines often spotlight debt, unemployment, and political drama. Yet a quieter, sustained transformation is taking shape in West Africa, driven by state-led investment and pragmatic governance. Burkina Faso and Ghana illustrate a growing trend where governments are embracing long-term infrastructure, domestic industries, and diversified financing to insulate…
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Comprehensive Reform Empowers Ethiopia to Weather Shocks, Says Finance Minister
Overview: A Reform-Driven Shield Against Shocks Ethiopia’s long‑term reform program has built resilience against a series of external and domestic shocks, according to Finance Minister Ahmed Shide. In a press briefing tracing seven years of policy work, Shide highlighted how structural changes—from fiscal consolidation to revenue reform and debt management—have helped the country absorb the…
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Comprehensive Reform Enables Ethiopia to Navigate Shocks, Says Finance Minister
Introduction: A Seven-Year Reform Arc In Addis Ababa on January 22, 2026, Finance Minister Ahmed Shide highlighted a sweeping package of reforms that have fortified Ethiopia against a series of shocks—from the COVID-19 pandemic and climatic droughts to inherited debt burdens. Over the past seven years, the government’s comprehensive reform agenda has focused on strengthening…
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Addis Ababa Ranks Top in Municipal Finance Management Among African Cities
Introduction: Addis Ababa Emerges as a Leader in Municipal Finance In a landmark evaluation by the United Nations Economic Commission for Africa (ECA), Addis Ababa has been identified as a leading performer in municipal finance management among major African cities. The assessment highlights the Ethiopian capital’s progress in budgeting, debt management, revenue collection, and financial…
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UK Government Borrowing in 2025 Tops OBR Forecasts, Despite December Slip
Overview: A Surprising Beat to the OBR Forecasts New figures from the Office for National Statistics (ONS) show that total government borrowing in December 2024, and for the 2024/25 financial year more broadly, has surprised analysts by surpassing the Office for Budget Responsibility (OBR) forecasts. December borrowing came in at £11.6 billion, noticeably lower than…
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Total Government Borrowing in 2025 Exceeds OBR Forecasts
UK Borrowing in December 2025 Beats Forecasts as Total for the Year Rises The latest release from the Office for National Statistics (ONS) confirms a pivotal moment for fiscal policy in 2025. Government borrowing in December stood at £11.6 billion, a figure that surprised City economists who had forecast a higher deficit of £13.4 billion…
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NamPower Faces Uphill Battle to Enforce Debt Policy Amid Public Sector Arrears
NamPower’s Debt Dilemma: The Public Sector Challenge Namibia Power Corporation (NamPower) is grappling with a growing cash-flow problem tied to unpaid bills from public sector entities. Despite an explicit credit control and debt management policy designed to safeguard the utility’s liquidity, authorities say enforcement remains uneven, particularly among government ministries, municipalities, and state-owned enterprises. The…
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NamPower Battles With N$912 Million Debt: A Push for Stronger Credit Controls
Overview: A Growing Debt Challenge for Namibia’s Power Utility Namibia Power Corporation (NamPower) is grappling with a substantial accounts receivable problem, reporting a debt burden of around N$912 million. The organization acknowledges difficulties in enforcing its credit control and debt management policy, a challenge that appears especially pronounced when dealing with public sector customers. As…