fiscal policy

South Africa's National Treasury has withheld R13.5 billion in funding from 69 municipalities, including R3.6 billion from Johannesburg, citing the need to prioritize debt repayment.

The Nigerian federal government has rejected claims by the IMF that it spent over N8 trillion outside the approved 2025 budget, calling the assertion a misrepresentation.

Kenya faces rising debt servicing costs amid geopolitical tensions and Sh188 billion in flood-related losses, while the Central Bank seeks Sh80 billion from upcoming bond auctions.