Africa needs $74 Billion For Debt Service

Africa requires over $74 billion in debt servicing this year, with this figure expected to rise significantly when hidden debts and contingent liabilities are factored in, according to the Vice President and Chief Economist of the African Development Bank Group (AfDB), Kevin Urama. The statement was made during his opening remarks at the launch of…

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Russian President, Vladimir Putin Promises ‘Total Support’ For African Countries

  Russian President Vladimir Putin on Sunday promised Moscow’s “total support” for Africa, at a conference with African officials in Sochi in southwest Russia. Putin said Russia could help countries with “sustainable development, the struggle against terrorism and extremism. Our country will continue to provide total support to our African friends in different sectors,” Putin…

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