Debt

Several government buildings and state-owned entities in Johannesburg lost power after the city cut their electricity for unpaid bills exceeding R1.4 billion. Mayor Dada Morero stated the move has the Gauteng Premier's approval to recover the debt.

February 26, 2026 Reported by AI

The Japanese government expects its interest payments on outstanding debt to roughly double over the next four years due to the Bank of Japan's gradual rate hikes. Payments are projected at ¥21.6 trillion ($139 billion) in the year starting April 2029, up from the current year's budgeted ¥10.5 trillion.

Ethiopia will not implement its $1 billion Eurobond debt restructuring agreement reached with private bondholders earlier this month, the Ministry of Finance announced. The Official Creditor Committee (OCC) has rejected the deal, stating it violates principles of fair burden-sharing among creditors. This decision prioritizes consistency with official debt relief terms to safeguard macroeconomic stability.

January 25, 2026 Reported by AI

Ethiopia's Ministry of Finance has suspended a memorandum of understanding with private creditors to restructure its $1 billion Eurobond debt. The decision stems from the agreement's failure to adhere to creditors' equality principles, conflicting with commitments to the International Monetary Fund and posing risks to macroeconomic stability. Officials plan new talks to ensure fair debt relief.