The House of Representatives Public Accounts Committee (PAC) says it has recovered an additional $14.2 million…
Tag: Debt
Transcorp Record Gains as Nigeria’s Power Sector Debt Hits N4tn
Nigeria’s electricity sector is facing a deepening financial crisis, with industry experts warning that mounting debts…
Karpowership Warns of Power Shutdown Over $370 Million Unpaid Debt
The operators of the Karpowership plant in Aboadze, Ghana’s Western Region, have sternly warned the government,…
Gas Supply to GenCos Halted Over N2 Trillion Debt Crisis
Nigeria is facing an imminent electricity blackout due to a directive from the Nigerian Midstream and…
South African Government May Take over Eskom’s Debt
IMF says South Africa’s government takes over R392billion. Eskom’s debt to the state’s balance sheet would…
NIGERIA: Uncertainty on IBEDC Ownership as AMCON Allegedly Cancels Take Over
AMCON takes over core investor’s assets IEDM defaulted on the loan facility Several indications have emerged…
NIGERIA: Economist Recommends Debt Restructuring for Power Sector
Convert debt to equity, Rewane recommends. The Chief Executive Officer (CEO) of Financial Derivative Company, Bismarck…
NIGERIA: MDAs Owe DisCos ₦90 Billion in Arrears -ANED
MDAs owe over ₦90 billion to the DisCos FG working with the DisCos on a debt…
GHANA: Ghana’s Debt to Reach GHc7 Billion by Year End
Ghana’s energy sector to reach at least GHc7 billion by the year’s end Urges resolution to…
SOUTH AFRICA: Eskom Reduces Debt Profile
Eskom cuts debt after repaying matured loans Cuts debt by 83 billion rand South African state…