Zambia could lose gains achieved so far from macroeconomic reforms if its ongoing debt restructuring is further delayed, Treasury Secretary Felix Nkulukusa said on Wednesday.
Somalia is suffering from the impact of a climate crisis it has done almost nothing to create, United Nations chief Antonio Guterres said on Wednesday, as a full-blown famine threatens to follow a drought that killed 43,000 people last year.
Kenya will not default on its debt repayment obligations, the president's chief economic adviser said, as the government delayed payment of civil service salaries due to a cash squeeze caused by massive interest payments.
At least two people were killed by an explosion in the capital of Ethiopia's Amhara region, which has been convulsed by days of protests against the integration of local security forces into the national police and army.
A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year.