Nigeria’s Debt Problem Is a Revenue Problem

Nigeria's external debt reached $145 billion at the end of 2025.

Debt service is projected to consume 71.7% of federal revenue by 2030.

Low tax-to-GDP ratio and heavy reliance on oil limit government revenue.

Currency depreciation significantly increases the cost of servicing foreign debt.

Nigeria’s Debt Problem Is a Revenue Problem

Nigeria's external debt reached $145 billion at the end of 2025.

Debt service is projected to consume 71.7% of federal revenue by 2030.

Low tax-to-GDP ratio and heavy reliance on oil limit government revenue.

Currency depreciation significantly increases the cost of servicing foreign debt.

Economy

Ghana Pivots from Austerity to $10 Billion Growth Push Following IMF Bailout Exit

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World Bank Proposes $252 Million Financing Package to Overhaul Kenya’s Irrigation Sector

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AfDB and AFD Sign Five-Year Deal to Accelerate African Infrastructure and Tech Investments

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Energy

Repsol-Led Group Targets Q2 2027 for Offshore Libya Exploration

Health

Kenya Discharges Final Ebola Patient, Begins 42-day Countdown to Disease-free Status

Energy

Nigeria’s CNG Alternative: A Blessing for Costs, a Curse for Access

Weekly | 8th - 14th November 2026

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8 November 2026

Nigeria’s CETA Bill is a Misplaced Legislative Priority

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Business

Uganda Trade Deficit Widens to $980M as Business Sentiment Drops to Multi-Year Low

Economy

Inflation in Namibia Accelerates to 5.6% in October on Transport and Food Costs

Economy

Ethiopia Rebases GDP to $210.7 Billion, Claiming Fifth-Largest Economy in Africa

Economy

Kenya Upgrades Border Airstrip to Handle 500,000 Passengers

Business

US Suspends South Africa and Rwanda From AGOA Trade Program

Business

South African Manufacturing PMI Marginally Rises to 49.6 in October

Economy

South Africa Trade Surplus Expands to ZAR 19.8 Billion in September

Economy

Kenya’s Inflation Hits 7.3% in October, Nearing Central Bank Ceiling

Business

Africa’s Trade with Itself Hits $214bn, Yet Still Looks Like Everyone Else’s Market

Business

Air Canada Prepares First Nonstop to Lagos

Business

CBN Moves to Fix Payments as Nigeria-China Trade Surges to Record Levels

Business

79% of African CEOs Confident on Growth, but Only 14% Say Firms Keep Pace with AI

Business

Asia’s Raffles Family Office Partners With Rwanda to Drive F1, Infrastructure Capital

Business

South Africa Headline Inflation Edges Up to 4.5% in September

Business

Dangote Secures $327m Kenya Pipeline Stake to Expand East African Fuel Reach

Business

Will Tinubu Win in 2027?

Finance

Private Lenders Return to Poorest Countries; Highest Rates Since the 1980s

Finance

Ghana and IMF Agree on First Economic Reform Review

Business

Nigeria’s Private Sector Expansion Anchors CBN Policy Pivot to Growth

Finance

Gambia’s Bank Staffing Directive May Stretch Beyond the Rules it Cites

Finance

AfCRA Targets March 2027 for Debut African Sovereign Credit Ratings

Finance

Nigeria’s Central Bank Injects About $2.4 Billion Net into Banking System in October

Finance

Egypt Central Bank Surprises Markets with 100 bps Interest Rate Hike

Economy

Bank of Namibia Hikes Policy Rate to 7% as Inflationary Pressures Mount

Agriculture

Strong El Niño Threatens 49 Million More with Acute Hunger, WFP Warns

Agriculture

Ghana Cocoa Yields Projected to Fall 16% in 2026/2027 Season

Agriculture

Super El Niño Threatens $20 Billion Economic Shock Across Africa

Agriculture

Zimbabwe Launches Historic Blueberry Exports to China Following Tariff Removal

Agriculture

Zero Tariff: Nigerian Agribusiness Taps China Market with 747-Ton Bone Pellet Shipment to Dalian

Agriculture

Dangote Boosts Ethiopia Fertilizer Outlay to $4B in Expanded Continental Push

Agriculture

Global Cocoa Prices Surge 24% As West African Supply Strains Trigger May Rally

Agriculture

Iran War Day 62: Fertilizer Firm Warns of Impending African Food Shortages

Energy

South Africa Unveils R10 Billion Fuel Levy Cut to Counter Inflationary Pressures

Energy

500 days without load shedding: What South Africa did that Nigeria hasn’t

Energy

Oil Prices Drop as U.S. Sanctions Strategy Offsets Hormuz Shipping Risks

Energy

Oil Prices Retreat Nearly 2% as Trump’s Russia Sanctions Waiver Fuels Supply Hopes

Energy

Oil Eases to $105 as Traders Weigh US Inventory Draw Against Supply Risks

Energy

Kenya Hikes Fuel Prices to Historical Highs as Middle East Conflict Elevates Import Costs

Energy

Oil Prices Decline as U.S. Sanctions Strategy Offsets Hormuz Risks

Energy

Nigeria Meets OPEC Quota for Fifth Consecutive Month as September Output Reaches 1.53 Million Barrels Daily

Technology

Ruto pushes African AI ownership as Kenya courts middle-power partners in New York

Technology

U.S. Pushes $100M Telecom Loan to Counter Chinese Huawei Expansion in Africa

Technology

AI Isn’t Coming for Your Job — And the Data Proves It

Technology

Nigeria Targets October Transport Fare Cuts via Gas Push

Business

MTN Nigeria Profits Surge to N707B on N2.99T Revenue, Declares N26 Dividend

Technology

South Africa: Cape Town Approves Controversial $438M Equinix Data Centre Proposal

Politics

Egypt, Eritrea, Sudan and Somalia Align on Nile, Red Sea and Trade

Politics

Belgium and Rwanda Restore Diplomatic Ties After Eighteen-Month Rift

Politics

South African President Cyril Ramaphosa Booked Off Sick From Official Duties

Politics

U.S. Imposes Visa Restrictions on South Africa Over Minority Policies and Land Reform

Politics

Niger Blames France for Inciting Mutiny at Niamey Airbase

Politics

Nigeria Escalates South Africa Xenophobia Crisis to African Union

Politics

Tanzanian Vice President Steps Down Less Than Ten Months After Taking Office

Politics

Legal Access Locked: Zambia Shuts Highest Courts On Election Challenge Deadline

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The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

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Why Growth Matters – How Economic Growth in India reduced poverty and the lessons for other developing countries

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