Europe must help Africa break the cycle of debt

Without comprehensive reform of the global financial system, Africa’s development and Europe’s stability will face growing risks COMMENT | Nana Akufo-Addo & Ulrich Volz | On November 24-25, African and European leaders met in Luanda, Angola, for the European Union-African Union summit. Marking 25 years of EU-AU partnership, the gathering was not just a celebration but a…

Is BNPL Eligible For Debt Relief?

You may have taken out a Buy Now, Pay Later (BNPL) loan, thinking it’d be a simple way to break a purchase into smaller payments. But if you’ve missed a payment — or you’re juggling several BNPL plans at once — you might be wondering what happens next. And more importantly, if you’re struggling, is…

The G20 can no longer postpone debt relief

Addis Ababa – At the Second Africa Climate Summit (ACS2), which took place in Addis Ababa a couple months ago, I delivered a warning that every G20 government should heed: Africa cannot finance its future while drowning in debt. The numbers speak for themselves: Sub-Saharan Africa requires $143 billion in annual climate finance, equivalent to roughly 7 per cent…