Africa’s debt burden dominated the opening of AFROMEDI VI in Nairobi, where AFRODAD Interim Executive Director Yungong Theophilus Jong warned that every repayment drains resources from essential services like schools, hospitals, and infrastructure.
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The Government’s newly released Fiscal Strategy Statement (FSS) 2026–2028 has laid bare ambitious targets to rein in debt and deficits, but the numbers have raised eyebrows.
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The Sixth Edition of the African Forum and Network on Debt and Development (AFRODAD) Media Initiative (AFROMEDI VI) has officially kicked off in Nairobi, Kenya, bringing together journalists and policy makers from across the continent for three days of intensive engagement on debt, fiscal justice, and economic governance.
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Sierra Leone’s energy sector is set for a major transformation with a $480 million grant from the Millennium Challenge Corporation (MCC), backed by an additional $14.2 million contribution from the Government of Sierra Leone. Together, these investments are expected to deliver affordable and reliable electricity to 4.6 million people, according to MCC Deputy Vice President for Africa, Alicia Robinson Morgan
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Sierra Rutile Limited, now fully Sierra Leonean-owned under Leone Oil Company, has announced plans to slash its workforce in a bid to rein in spiralling costs and salvage dwindling returns. The move, described as a “realignment,” could see hundreds of employees lose their jobs, sending shockwaves through one of the country’s largest mining employers.
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