Runaway debt risks sending SA over a fiscal cliff, warn Fitch and Moody’s

Business: Runaway debt risks sending SA over a…

Fitch Ratings and Moody’s Investor Services warned on Friday that the country risked going over a fiscal cliff following Finance Minister Tito Mboweni’s Supplementary Budget last week, which left both rating agencies unimpressed. Fitch said…

KRA to focus on debt recovery

Kenya: KRA to focus on debt recovery to…

Kenya Revenue Authority plans to enhance debt recovery to help it meet its revenue collection targets. KRA's Commissioner for Domestic Taxes, Elizabeth Meyo has asked the staff to focus on pending bills, non-compliant suppliers/withholding agents/importers,…

Exemption

Egypt asks to exempt African countries from paying…

Egypt has called for African countries to be exempt from paying debt interests bilaterally and multilaterally due to the worldwide spread of the novel coronavirus, Permanent Representative to the United Nations Office at Geneva (UNOG)…