A debtor's dilemma 😔

Hello Venturers, 👋 Have you heard about the term “the fragile five”? No, it’s not a league of superhe A debtor's dilemma 😔 By [VA Weekly]( • Issue #127 • [View online]( Hello Venturers, 👋 Have you heard about the term “the fragile five”? No, it’s not a league of superheroes. It’s a group of emerging markets heavily dependent on foreign investment to finance their growth. In other words, countries that take a lot of international money. Ghana, Kenya, Angola, Ethiopia, and Zambia —Africa’s “fragile five"— are the most indebted countries. If a fiscal reconstruction does not occur soon, these nations run the risk of having their loan requests denied by international lenders and investors. Making difficult decisions for survival as a result of debt is now necessary. Ghana has asked its local bondholders to accept losses on interest payments. Last week, it decided on a debt swap, aiming to restructure its debt to qualify for an IMF loan. In one of our articles, we discuss how Ghana’s plan to save its economy is bringing pain to investors. Zainab Amoo Social Media Executive. What's New? Ghana’s plan to save its economy is hurting investors Last week, Ghana made the tough choice of asking its local bondholders to accept losses on interest payments. It made this decision through a debt swap, aiming to restructure its debt to qualify for an IMF loan. Ghana’s debt crisis is already chasing investors from the country. Until this year, foreign investors were unusually dominant in Ghana’s debt market, holding nearly 40% of domestic debt. But that figure is dropping so fast that it might sink below 10% by the year’s end. [Read more]( Weekly economic index: Cash restrictions in Nigeria, africa in G20 and COVID in China On Tuesday, 6th of December, the Central Bank of Nigeria (CBN) issued new guidelines on cash withdrawals made through POS, ATMs and over-the-counter (OTC) for Nigerian residents and businesses in furtherance of its cashless policy.The new policy would help drive the cashless economy agenda while advancing the rapid adoption of the e-Naira. [Read more]( Post COP27: African leaders discuss innovative finance instruments for energy transition at afis. At the Africa Financial Industry Summit (AFIS) recently held in Lome, Togo, leading figures of the African financial ecosystem had a dialogue on what African financial institutions can do to bolster climate financing post-COP27. Energy financing was at the core of this discussion, raising the imperative to have the right mix to finance Africa’s energy transition. [Read more]( My pivot journal: Chief Vera’s evolution from dentistry to content creation The first time Vera Chidimma Okoh (a.k.a Chief Vera) picked up a camera, she did not yet fathom how steeply it would turn her life’s trajectory. Today, her videos about the coal city of Enugu have attracted a global audience. But she was no sudden emergence. In this week’s episode of My Pivot Journal, Vera takes us through her transition from dentistry to mastering content creation. [Read more]( Top infrastructural projects in africa underway in 2022. Africa is fast becoming an investment destination zone for investors. The continent is changing, and it is beginning to see the erection of various state-of-the-art infrastructures across different regions. In this article, we list some high-rated infrastructural projects in Africa with a huge economic impact on its people. [Read moreÂ]( How Libya’s petroleum sector is taking a tough route to democracy. Libya’s petroleum sector has stagnated for over a decade. Since 2011, the country has not arrived at the democracy it hoped for. According to Statista’s 2022 analysis, proven oil reserves in Libya stood at the same spot (6.3 billion metric tons) since 2012. But it recorded an increase from the 5.7 million metric tons registered in 2008. Its oil revenues and small population have given Libya one of Africa’s highest nominal per capita GDPs. [Read more]( VA BIZ HIVE: The Agric Issue The need for a technological footprint has given rise to an agritech ecosystem on the continent. Startups in this space are proferring technological solutions to problems faced in the agricultural sector with ultra-modern technologies like drones, automated irrigation systems, soil sensors, etcetera. [Read more.]( Our Weekly Collectibles - Do you know that a lot of computing pioneers were women? Find out [when women stopped coding.]( - What is the best way to master more things in the long run? Find out in [the scientific argument for mastering one thing at a time.]( - Hollywood has popularized stories about Africa’s imagined future with the Black Panther movies. But how are Africans telling stories about their own imagined future? Find out in [Africanfuturism’ and dreaming of bigger, bolder African futures.]( - What does it cost to be the face of an internet brand? Find out in [redefining your brand with corporate Natalie.]( #VANUGGET Remember to stay safe Did you enjoy this issue? [VA Weekly]( By [VA Weekly]( Ventures Africa is an online business news site and community that produces stories about an evolving Africa. Our stories inspire people to positively shape their environment. We cover business, policy, innovation and culture in Africa. [Tweet](    [Share]( In order to unsubscribe, click [here](. If you were forwarded this newsletter and you like it, you can subscribe [here](. Powered by [Revue](