The ALSF extends its warmest congratulations to Sidi Ould Tah on his election as the 9th President of the African Development Bank Group (African Development Bank Group) by the Board of Governors. Proudly hosted by the AfDB, the ALSF looks forward to continuing its mission of legal empowerment for

The World Bank announced earlier this month that Nigeria's economy had achieved its highest growth rate in about a decade, in 2024.

“This is a problem of the global financial architecture because you’re not involved in the decisions,” he said. “We restructured before everybody else. But then they’ll turn around and tell you you’re a holdout. That’s double jeopardy.” bloomberg.com/news/articles/…

The revision of risk management to 'weak' reflects low transparency in recent reporting of loan performance and risk that debt owed to Afreximbank by some of its sovereign borrowers might be included in perimeter of these sovereigns' debt restructuring. fitchratings.com/research/sover…

“In Africa, there isn’t enough concessional lending, and there aren’t enough institutions that African countries can rely on when they are in debt distress.” gtreview.com/news/africa/so…

Zambia's Afreximbank loan is commercial and will be restructured, the country's treasury secretary said on Friday. reuters.com/world/africa/z…

"Fitch’s decision ‘is hinged on the erroneous view, in some quarters, that the treaty establishing Afreximbank, executed by its 53 participating African states, can be violated by the bank without consequences,’ Afreximbank said." bloomberg.com/news/articles/…

Kenya's finance minister will present a budget on Thursday aimed at boosting revenues to service debt while avoiding tax measures that triggered the kind of deadly protests that rocked East Africa's biggest economy last year. reuters.com/sustainability…

"The APRM notes with concern Fitch Ratings' misclassification of Afreximbank's sovereign exposures to the Governments of Ghana, South Sudan and Zambia as NPLs" msn.com/en-us/news/wor…

"The Loan Syndications and Trading Association and Creditor Rights Coalition also warned that the bill would undermine the sanctity of contracts, creating uncertainty that would increase borrowing costs for countries." nysfocus.com/2025/06/12/sov…

‘The zero-tariff move, when implemented, will be an extension of the deal made last year for China to drop tariffs on goods from 33 African nations classified as "least developed".’

"according to the EIH advisor, the sovereign wealth fund’s interest in foreign ports is not driven by opportunism but by a long-term vision to secure Ethiopia’s economic competitiveness and regional integration." thereporterethiopia.com/45738/

"One of the complaints raised by African diplomats in the talks ahead of the summit is that they have almost no representation in the multilateral organisations that make debt policy, leaving them at the mercy of creditors." africa-confidential.com/article/id/155…

South Africa has signed a $1.5 billion loan agreement with the World Bank, aiming to overhaul its transport and energy infrastructure and reignite economic growth, the National Treasury said on Monday. reuters.com/world/africa/s…

International banks and investors can apply for a licence to operate in Ethiopia immediately, according to a central bank statement, capping the government's drive to attract more overseas investment into the domestic banking sector. reuters.com/world/africa/e…

"Zambia especially benefits from the restructuring. Creditors showed their confidence in the country… by extending the average maturity of its dollar-denominated debt to 15 years, a superior outcome when compared with" S. Africa, Kenya, Ghana and Nigeria bloomberg.com/opinion/articl…

"Lawmakers in Ghana have approved a $2.8 billion debt restructuring deal in an effort to ease the country's worst economic crisis in decades… Private creditors are still some $2.7 billion…" africanews.com/2025/06/25/gha…

"Africa’s top gold producer plans to raise 3 billion cedis ($291 million) through medium-term notes between September and December to refinance more expensive treasury bills…" bloomberg.com/news/articles/…

Interesting piece by ⁦Danny Bradlow⁩ on preferred creditor status for Africa’s regional development banks. theconversation.com/africas-develo…

"The downgrade is due to the bank's shift to unsecured lending to sovereigns under stress, which has introduced significant risks, and its sensitivity to its difficult operating environment." bloomberg.com/news/articles/…