Ronald Kato

1 month ago | africanews.com | Ronald Kato

Rwanda Rwanda said Monday it had given Belgian diplomats 48 hours to leave the country after cutting ties with Brussels. In a statement, Kigali's foreign affairs ministry accused Belgium of interference. ''Belgium has consistently undermined Rwanda, both well before and during the ongoing conflict in the Democratic Republic of Congo (DRC), in which Belgium has a deep and violent historical role, especially in acting against Rwanda,'' the statement read in part.

1 month ago | msn.com | Ronald Kato

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1 month ago | africanews.com | Ronald Kato

Massive aid cuts announced by Washington have prompted panic in African capitals, but also questions on whether foreign aid has transformed low-income countries in any meaningful ways economically. In Africa, criticism of aid being more about donor interest  and less about delivering value for the recipient is as old as aid itself. Yet countries still accept tokens and fret when they are cut or frozen.

Jan 8, 2025 | fr.africanews.com | Ronald Kato

Business africa En 2025, plus de 20 pays africains dépenseront plus pour le service de la dette que pour les soins de santé ou l'éducation. La situation est d'autant plus complexe que les taux d'intérêt ne devraient pas baisser fortement. Plus de la moitié du remboursement total de la dette ira à des créanciers privés. Cela s'explique en grande partie par le coût du capital.  Les pays africains paient plus cher pour emprunter que leurs homologues plus riches.

Jan 8, 2025 | africanews.com | Ronald Kato

Business Africa Over 20 African countries will spend more on debt service than on healthcare or education in 2025. The picture gets even more complicated given interest rates are not expected to fall sharply. Over half of all total debt repayment will go to private creditors. A lot of that is down to the cost of capital. African countries pay more to borrow compared to their richer counterparts. Debt restructuring is also painstakingly slow.