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Tag: Debt

Dame Dash Ordered to Surrender Business Interests Amid Mounting Debt

By PanAfrican.Email News Desk Damon “Dame” Dash, the influential co-founder of Roc-A-Fella Records and a longtime figure in hip hop entrepreneurship, is being forced to relinquish ownership in several of his companies as part of a court order to settle significant outstanding debts. According to multiple reports, Dash and his company, Poppinton LLC, are required…
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June 19, 2025
Ghana ranks second most indebted African nation to IMF

Ghana has been identified as the second most indebted African nation to the International Monetary Fund (IMF) in terms of concessional lending. According to the IMF’s Quarterly Finances, the country’s outstanding loans to the institution reached $2.914 billion as of October 31, 2024, representing 17% of total African borrowings from the IMF. Only the Democratic…
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January 11, 2025
Global Debt Hits Record High in 2024, Reaching $312 Trillion

According to the Institute of International Finance, global debt levels surged by $2.1 trillion in the first half of 2024, setting a new record of $312 trillion by the end of Q2. The rise was primarily attributed to increased borrowing by the US and China. A significant portion of this borrowing is linked to the…
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October 5, 2024
Air Sénégal Finally Settles Most of Carlyle Aviation Debt

In a significant financial move, Air Sénégal has successfully settled the majority of its debt with Carlyle Aviation Partners, a global aircraft leasing giant. This development marks a crucial step forward for the West African carrier, which has been grappling with financial challenges amid the broader economic impacts of the COVID-19 pandemic and rising operational…
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September 3, 2024