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West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

For African countries, taking advantage of the G20 moratorium on bilateral debt during the Covid-19 pandemic could lead to unforeseen consequences, especially in terms of their credit ratings. A number of banks and law firms have been guiding them through this financial minefield. [...]

Published on 22/06/2020 at 06:00 GMT Reading time 2 minutes

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Finance, Business

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Anne-Laure Kiechel
Baker McKenzie
Covid-19
Emmanuel Macron
Finexem
Francois Hollande
Franklin
G20
Global Sovereign Advisory
Joao Lourenco
Michel Sapin
Moody's
Paris Club

Niger
Bazoum eyeing consultants to help renegotiate sovereign debt

After attending the Paris summit on African economies, Niger's new President Mohamed Bazoum is considering hiring a legal and financial advisory team to help him meet his country's financial obligations.

Subscribers only Business 27.05.2021

Cameroon
Paul Biya Stadium plunges the country into further debt

After having pleaded for a suspension of interest payments on its sovereign debt with one hand, Cameroon is preparing with the other to call on the the banks to loan it more money to enable it to complete construction of the Paul Biya Stadium, which is due to be the centrepiece of next year's Africa Cup of Nations.

Subscribers only Business 02.03.2021

The Paul Biya stadium construction site.

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

Following the explosion in African countries' public debt caused by Covid, the European Union and the United States want to force China to take part in the collective rescheduling process organised by the G20 and the Paris Club.

Subscribers only Politics 19.01.2021

On December 30, 2020, French President Emmanuel Macron took part in a videoconference bringing together his Chinese counterpart Xi Jinping and European representatives.

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

By making the extension of its moratorium on sovereign debt in October conditional on beneficiary countries treating all their lenders with parity, the G20 has opened up fresh opportunities for advisory banks and law firms.

Subscribers only Finance, Business 18.12.2020

Africa
Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

While continuing to lobby for an extension to the G20 moratorium on sovereign debt, the Elysée is preparing to hold a summit in Paris in May on investment in Africa to which several dozen African heads of state will be invited.

Subscribers only Diplomacy 07.12.2020

Africa
The ins and outs of extending G20 debt moratorium again

Lender states want the group of rich countries to again extend its Debt Service Suspension Initiative. France backs the move, but not everyone is on board.

Subscribers only Diplomacy 04.12.2020

Spotlight | Africa
McKinsey scores win over BCG in Libreville in pan-African battle of consultants

Embroiled in a fierce battle for government contracts in Africa with rival Boston Consulting Group since the spring, McKinsey has scored a significant win over its rival in Gabon.

Subscribers only Business 17.09.2020

West Africa
Jim Chu seeks Africa's next top investor with The Nest

For the launch of the French version of his reality TV/start-up incubator, The Nest, US entrepreneur Jim Chu has enticed a line-up of leading finance whizzes to attend. Guest stars were former Beninese prime minister Lionel Zinsou and Reckya Madougouto, special advisor to the Togolese president.

Subscribers only Finance, Business 15.07.2020

Reckya Madougou and Lionel Zinsou during The Nest aired on 8 July.

Angola
Lourenço finally takes up G20 offer to freeze public debt repayments

After having long hesitated, Angolan president João Lourenço has finally decided to take advantage of the public debt repayment moratorium proposed by the G20 in April.

Subscribers only Finance, Politics 09.07.2020

Angola
Lourenço in two minds over G20 debt moratorium

Unlike Senegal, which will be a beneficiary of the public debt moratorium announced by the G20 in April, Angola might opt not to apply for the suspension of its public debt repayments.

Subscribers only Finance, Politics 03.07.2020

Angola, China
Chinese banks at heart of Angolan debt relief talks

The state-run Eximbank of China, China Development Bank and Industrial and Commercial Bank of China are leading the talks on Angola's debt to China.

Subscribers only Finance, Energy 19.06.2020

Angola
G20 debt relief: Luanda's ticking time bomb

Angola has already been groaning under the weight of its private debt, for which it needs to raise $1.5bn just to pay for Eurobonds coupons this year alone, and is playing a fine balance with its public debt.

Subscribers only Business 13.05.2020

Angola
Lourenco's three-man squad to try to defuse the country's debt bomb

Included for a few month only in the G20's debt moratorium, Angola is trapped between the effects of falling oil prices and a dollar debt with private lendors which is greater than its GDP. A high-powered team has been appointed to find solutions.

Subscribers only Politics 08.05.2020

Angolan President João Lourenço and his wife Ana Dias Lourenço.

West Africa
African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

In a response to the Covid-19 pandemic, a small group of financiers are lobbying intensely to get holders of African eurobonds to postpone their redemption dates for two years. The campaign is as advantageous for those waging it, however, as it is for its potential beneficiaries.

Subscribers only Finance, Politics 16.04.2020

Ivory Coast
Rothschild's presidential visit

On 6 March, a delegation from Rothschild & Cie led [...]

Subscribers only Finance, Business 18.03.2020

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Anne-Laure Kiechel
Baker McKenzie
Covid-19
Emmanuel Macron
Finexem
Francois Hollande
Franklin
G20
Global Sovereign Advisory
Joao Lourenco
Michel Sapin
Moody's
Paris Club

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

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Niger
Bazoum eyeing consultants to help renegotiate sovereign debt

Cameroon
Paul Biya Stadium plunges the country into further debt

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

Africa
Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Africa
The ins and outs of extending G20 debt moratorium again

Spotlight | Africa
McKinsey scores win over BCG in Libreville in pan-African battle of consultants

West Africa
Jim Chu seeks Africa's next top investor with The Nest

Angola
Lourenço finally takes up G20 offer to freeze public debt repayments

Angola
Lourenço in two minds over G20 debt moratorium

Angola, China
Chinese banks at heart of Angolan debt relief talks

Angola
G20 debt relief: Luanda's ticking time bomb

Angola
Lourenco's three-man squad to try to defuse the country's debt bomb

West Africa
African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

Ivory Coast
Rothschild's presidential visit

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal Guns and oil drive Russia's Dakar courtship

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West Africa Governments seek guidance on hidden pitfalls of G20 debt moratorium

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Niger Bazoum eyeing consultants to help renegotiate sovereign debt

Cameroon Paul Biya Stadium plunges the country into further debt

Spotlight | Africa, China Macron and Biden want to force China to play ball on African debt

West Africa G20 debt moratorium ushers in golden age for sovereign advisor

Africa Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Africa The ins and outs of extending G20 debt moratorium again

Spotlight | Africa McKinsey scores win over BCG in Libreville in pan-African battle of consultants

West Africa Jim Chu seeks Africa's next top investor with The Nest

Angola Lourenço finally takes up G20 offer to freeze public debt repayments

Angola Lourenço in two minds over G20 debt moratorium

Angola, China Chinese banks at heart of Angolan debt relief talks

Angola G20 debt relief: Luanda's ticking time bomb

Angola Lourenco's three-man squad to try to defuse the country's debt bomb

West Africa African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

Ivory Coast Rothschild's presidential visit

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

Niger
Bazoum eyeing consultants to help renegotiate sovereign debt

Cameroon
Paul Biya Stadium plunges the country into further debt

Spotlight | Africa, China
Macron and Biden want to force China to play ball on African debt

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

Africa
Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Africa
The ins and outs of extending G20 debt moratorium again

Spotlight | Africa
McKinsey scores win over BCG in Libreville in pan-African battle of consultants

West Africa
Jim Chu seeks Africa's next top investor with The Nest

Angola
Lourenço finally takes up G20 offer to freeze public debt repayments

Angola
Lourenço in two minds over G20 debt moratorium

Angola, China
Chinese banks at heart of Angolan debt relief talks

Angola
G20 debt relief: Luanda's ticking time bomb

Angola
Lourenco's three-man squad to try to defuse the country's debt bomb

West Africa
African bankers Thiam, Kaberuka, Onkojo-Iwelea reinvent themselves as debt reduction crusaders

Ivory Coast
Rothschild's presidential visit