Egypt's PM noted that the debt burden for the upcoming year is expected to be lower than in 2024, marking a positive ...

Saudi Arabia-based ACWA Power has secured senior debt facilities, worth SAR2.638bn ($701.9m), to finance a 1.1GW wind power ...

The agreement includes recalibrating Egypt's fiscal commitments to create space for critical social programmes benefiting ...

Amea Power chairman Hussain Al Nowais aims to follow the launch of Egypt’s largest solar plant with the Horn of Africa’s ...

When African nations accumulate significant debt with the IMF, they are frequently forced to enact strict economic reforms ...

During the weekly cabinet meeting held on Wednesday, at the New Administrative Capital, Madbouly indicated that Egypt has paid approximately seven billion dollars in debt during November and December, ...

ACWA Power Co.signed on Dec. 30 financing agreements for the development, construction, operation and maintenance of a ...

In 2025, Saudi Arabia and the United Arab Emirates (UAE) are set to become increasingly important investors in Africa’s ...

Egypt's budget deficit is 14 percent of gross domestic product (GDP) and its overall debt, which is the result of accumulated deficits, is more than the country's economic output. In this ...

The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access ...

Top 10 African countries with IMF loans as Kenya ranks second among Africa's largest IMF borrowers in 2024, with a debt of $3 ...