Zambia’s billion dollar bailout sparks econom...

The Israeli military has carried out waves of airstrikes across Lebanon, including the capital Beirut, after Iran-backed armed group Hezbollah launched about 200 rockets into northern Israel. At least 687 people, including 98 children, have been killed in Israeli attacks in Leban ...  Show more

During a parliamentary session, legislators in Senegal voted on a bill that was introduced last month by Prime Minister Ousmane Sonko, doubling the penalty for same sex relationships that are already a crime in the West African country. People convicted under the new law will now ...  Show more

Zambia’s up to its eyeballs in debt.Late last year, it became the first African country to default on its foreign debt since the Covid pandemic began.And people across the country have started feeling the pinch: many complain about rising prices and their sudden inability to pay ...  Show more

The International Monetary Fund has approved a three-year extended credit for the African nation, which will receive an immediate disbursement of about $600 million. We look into the crisis the country is going through and how this funds can help. Also in the programme, we hear t ...  Show more

Burundi’s economy has been battered: first by years of conflict, then Covid-19. And so the World Bank has stepped in and provided $40 million in aid – with another $150 million still to come. Hundreds of thousands of the poorest households will receive cash – with some targeted a ...  Show more

The IMF’s board has finally backed a $3bn bailout for Sri Lanka to help relieve a ‘catastrophic’ economic and social crisis, shares in First Republic Bank tumbled 47 per cent on Monday despite a $30bn rescue deposit last week, and Credit Suisse bondholders were in uproar ...