Africa Business Ghana West Africa World 

Ghanaians sign petition to stop government from borrowing

– – Ghanaians have been signing an online petition that seeks to stop their government from taking loans from European Fund managers. The petition which was started by a renowned economist and businessman, Dr. Kofi Amoah said “Ghana is presently overburdened with loans.” Ghana’s Debt Load is akin to “We are the World” moment when MichaelJackson with top musicians composed the humanitarian song of a century! Can Ghana’s Men n Women of influence reach out to their followers to sign the Loan Petition Show some LOVE for Gh!https://t.co/FLVPT4LQ7e — citizen…

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Africa Business East Africa World 

Kenyans petition IMF not to give the government loans

– – Kenyans are signing an online petition to ask the International Monetary Fund (IMF) not to give the government any more loans. Through the hashtag #StopLoaningKenya, Kenyans have circulated the online petition link which cites corruption and other reasons why no more lending should occur. The development follows the IMF’s approval of 257bn Kenyan shillings ($2.4bn) loan for Kenya to aid in Covid-19 response. The IMF Executive Board has approved a three-year financing package of US$2.34 billion to support Kenya’s pandemic response and economic reform program. More here: https://t.co/zsMzCe2szY #IMFAfrica…

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Africa Business Southern Africa World Zimbabwe 

Zimbabwe secures $108 mln to fix power crisis

Zimbabwe’s government said it has secured combined loans of $108 million from the Export-Import Bank of China and Export-Import Bank of India to fix its power crisis. The state-run Herald newspaper reports that the government concluded the loan agreements in the last few months. The loans according to government officials should significantly help to the country’s power generation projects and broadband expansion. Areas to receive boost and upgrade according to the government are Bulawayo and Hwange. Zimbabwe has been experiencing power crisis since May this year, with parts of the…

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