African countries are facing a huge problem brought on by a sovereign debt crisis. ShutterstockThe 2008 economic crisis is the single largest factor that has driven developing countries to seek alternative sources of financing for social and developmental infrastructure. This was a result of the drying up of bilateral loans and grants from European and American countries. … [Read more...] about Africa’s ticking time bomb: $35 billion worth of Eurobond debt | The Conversation
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Zimbabweans in SA keep their country ticking over
South African-based Zimbabweans have kept their country ticking after contributing the bulk of remittances the country has received since 2009. According to Reserve Bank of Zimbabwe deputy governor Dr Kupukile Mlambo, Zimbabweans in South Africa contributed the bulk of the US$ 3.5bn the country has received from its nationals in the diaspora. Mlambo was quoted by […] … [Read more...] about Zimbabweans in SA keep their country ticking over
