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Senegal faces fresh scrutiny after undisclosed €650 million financing deals surfaced, adding to IMF findings that it significantly underreported debt and fiscal deficits between 2019 and 2023. The episode highlights a wider African problem of weak transparency, hidden liabilities, and complex borrowing structures that conceal true debt levels and intensify financial risks. This story is […]
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Africa’s economies are entering 2026 with a clear signal: governments are borrowing more—not just to manage pressure, but to sustain momentum. A new outlook from S&P Global Ratings projects that African countries will raise about $155 billion in commercial debt this year, marking an increase of roughly 10–11% from the previous year. At first glance, […]
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The African Economic Research Consortium (AERC) hosted its 53rd Plenary Session on the theme: The COVID-19 Pandemic & Public Finance in Africa – Challenges and Opportunities. The virtual event, held on 7 December 2020, attracted over 300 researchers, economists, academics, policymakers, and non-state actors; convening to discuss the impact of COVID-19 on public finance in Africa. During the event, the […]
...On behalf of African Economic Research Consortium (AERC), we would like to invite you to participate in a digital press conference around the topic “Covid-19 Pandemic and Public Finance in Africa – Challenges and Opportunities” with AERC’s Executive Director Prof. Njuguna Ndung’u, alongside Dr. Abebe Shimeles, Director of Research, AERC and Dr. Innocent Matshe, Director of […]
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