Sovereign Debt

One Hundred and Twenty-Second Sovereign Debt News Update: The IMF and World Bank Approve $4.9 Billion Debt Relief to Ignite Debt Restructuring Efforts for Ethiopia

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid.

One Hundred and Twenty-First Sovereign Debt News Update: Kenya: Early Dividends of the Gen-Z Revolution

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid.

One Hundred and Twentieth Sovereign Debt News Update: Nigeria’s Debt to GDP Ratio Goes Beyond 50% Against a 40% Limit

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid.

Afronomicslaw Press Release: Wanjiru Gikonyo and Afronomicslaw File East Africa Court of Justice Case Against Kenya Seeking Transparency on Debt Swaps

On April 16th, 2024, Wanjiru Gikonyo, a leading advocate of good governance and accountability together with the Afronomicslaw filed a case seeking transparency in Kenya’s debt swaps before the East African Court of Justice, (EACJ). The case seeks the Kenyan government to offer detailed information about its planned and ongoing Debt Swaps Arrangements (DSAs).

Alternatives to Kenya’s Austerity and the Militarized Response to the GenZ Revolution

When Kenya’s history is written, June 25, 2024 will live in infamy. It will be remembered as the day that an organic GenZ peaceful protest movement against financial austerity imposed by the government of President Ruto was repressed with a violent militarized response. Abductions and disappearances of protesters, internet shutdowns, extrajudicial executions, and threats of shutting down TV Stations signal that President Ruto is ready defend his vastly unpopular and unnecessary financial austerity measures at any cost. Even more, the deployment of the Kenyan Defense Forces in response to legitimate GenZ protests is inconsistent with Article 241 (2) (c) of the 2010 Constitution of Kenya that requires prior approval of the National. The deployment of these forces will only serve to militarily install austerity and to shut down legitimate protests and public debate.

Webinar Invitation: Accountability in Sovereign Debt - With a focus on ‘In the Matter of the Treaty for the Establishment of the EAC: Eugenia Wanjiru Gikonyo v The Attorney-General of the Republic of Kenya’

This webinar will discuss accountability in Kenya’s proposed debt swaps, with a focus on the case of In the Matter of the Treaty for the Establishment of the EAC: Eugenia Wanjiru Gikonyo v The Attorney-General of the Republic of Kenya (EACJ Debt Swaps Case). The case was recently filed at the East African Court of Justice, by Ms. Gikonyo and Afronomicslaw.

One Hundred and Eighteenth Sovereign Debt News Update: Kenya and USA Launch the Nairobi-Washington Vision to Tackle Debt

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid.

One Hundred and Seventeenth Sovereign Debt News Update: Zambia Launches Consent Solicitation for the Eurobonds

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid.