News
2024: Top 10 African Countries With The Highest Debt To IMF

As several African nations continue to grapple with economic instability, many have turned to the International Monetary Fund (IMF) for financial assistance, resulting in significant debt obligations.
These loans, while intended to stabilize economies, often come with stringent conditions that can hinder long-term development.
The latest data, updated on December 23, 2024, reveals the African countries with the highest outstanding IMF credit.
Egypt tops the list with a staggering $9.3 billion, far exceeding other nations. Kenya follows with $3.02 billion, while Angola is close behind with $2.9 billion. Côte d’Ivoire has climbed to the fourth position with $2.75 billion, overtaking Ghana, which now ranks fifth with $2.51 billion.
Other nations on the list include the Democratic Republic of Congo (DRC) with $1.6 billion, Ethiopia with $1.31 billion, and South Africa with $1.14 billion.
READ ALSO: Africa Gains Third Seat On IMF Board
Cameroon ranks ninth with $1.13 billion, and Morocco joins the top 10 with $1.1 billion, replacing Senegal, which has dropped off the list, information on Business Insider Africa revealed.
The reliance on IMF loans has sparked concerns about the long-term implications for these economies.
High debt levels often force governments to redirect significant resources from development projects to debt repayment, limiting their ability to invest in critical areas such as infrastructure, education, and healthcare.
Additionally, the restrictive economic reforms tied to these loans, known as Structural Adjustment Programs (SAPs), have been criticized for exacerbating socioeconomic inequalities.
READ ALSO: VIDEO: Reject IMF, World Bank Offers – Falana Cautions FG
As African nations remain vulnerable to external shocks, such as fluctuations in commodity prices and global financial crises, the growing debt burden underscores the need for more sustainable financial solutions.
The IMF’s role in the region continues to be a subject of intense debate, with questions lingering over whether its assistance helps or hinders long-term economic stability.
See list below:
1. Egypt
2. Kenya
3. Angola
4. Cote d’Ivoire
5. Ghana
6. DRC
7. Ethiopia
8. South Africa
9. Cameroon
10. Morocco
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News
Newswatch Co-founder, Dan Agbese, Is Dead

Dan Agbese, the veteran journalist, columnist and one of Nigeria’s most influential media figures, has died at the age of 81.
In a statement issued on Monday, Okibe Agbese, speaking on behalf of the family, said the renowned writer passed away earlier in the day.
“Chief Dan Agbese transited to eternal glory this morning, Monday, November 17, 2025,” the statement reads.
The family added that burial arrangements would be announced in due course.
READ ALSO:JUST IN: Renowned Journalist, Ray Ekpu Loses Wife
Born on May 12, 1944, in Agila, Ado LGA of Benue state, Agbese became a towering voice in Nigerian journalism, widely admired for his incisive satire and enduring contributions to media development.
He served as editor of the Nigeria Standard and the New Nigerian newspapers before being appointed general manager of Radio Benue, Makurdi.
A co-founder of Newswatch magazine, Agbese later became its editor-in-chief, a role he held until April 2010.
Until his passing, he maintained weekly columns in Daily Trust and The Guardian, remaining an active and respected commentator on national affairs.
READ ALSO:15 Things To Know About Tinubu’s Running Mate, Shettima
He also co-managed a media consultancy with Ray Ekpu, Yakubu Muhammed and Soji Akinrinade, continuing his commitment to mentorship and professional excellence.
Agbese is survived by his wife, Rose, six children and seven grandchildren.
News
Legal Practitioner Backs Conversion Of ATBU To Conventional University

A legal practitioner in Bauchi state, Barr. Jibrin Jibrin, on Monday, expressed support for the conversion of the Abubakar Tafawa Balewa University (ATBU), Bauchi to a conventional University.
It could be recalled that Shehu Buba, senator representing Bauchi South Senatorial District sponsored a bill seeking to alter ATBU’s status and in October, the Senate passed the second reading of the bill seeking to amend the ATBU act to remove technology from the institution’s name and convert it into a conventional University.
However, the management of the university alongside the institution’s alumni association and staff unions, dissociated themselves from the move at the Senate to convert the university from a technology-based institution to a conventional university.
They argued that the management was neither consulted nor informed at any stage of the legislative process adding that the development came to the university as a shock.
READ ALSO:ATBU Matriculates 4,364 Students
Meanwhile, Barr. Jibrin who explained that Bauchi state, despite being the most populous state in the Northeast geopolitical zone, remained the only state without a conventional federal university, highlighted some of the benefits the conversion of the university could bring to the state,
“By expanding ATBU’s mandate to include a full range of disciplines like Law, Medicine, Pharmacy, Education, Arts, and Humanities, the university will become a major national training ground for the next generation of professionals across all sectors of national life.
“Transforming ATBU into a conventional university will ensure fair distribution of educational opportunities and bring Bauchi State into alignment with the national educational framework.
“A conventional university serves as an anchor institution for regional development and expanding ATBU will attract a greater number of academic and non-academic staff, generating employment.
READ ALSO:ATBU Trains 100 Academics On TETfund Research Fund Proposal
“It will also stimulate the local economy through housing, commerce and services, encourage public-private partnerships in research, innovation, and community development as well as reduce the educational migration of students to distant states, thereby saving families and governments significant costs,” he said.
According to him, empirical evidence from institutions like the University of Maiduguri and Federal University, Lafia showed that university diversification significantly boosts small-scale enterprises, healthcare services, and real estate development in their host communities.
Jibrin, a former Chairman, Nigerian Bar Association (NBA) Bauchi branch, further stated that it was the view of many people that by converting ATBU to a conventional University, opportunities and means of promoting the already attained legacy of innovation would not only be sustained but also be improved upon.
“This is because it is a statement of fact that in the whole of Northern Nigeria, the leading Universities in the fields of science, technology, engineering and mathematics otherwise known as STEM consist of both conventional and specialized universities.
“I call on the political class, the traditional institution, the academia and other stakeholders in the state to rise in solidarity with authorities concerned towards the success of the exercise,” he said.
News
198 UNIBEN Students Bag First Class

A total of 198 students of the University of Benin (UNIBEN ) Edo State, bagged a First Class degree out of 14,083 students to be awarded first degree at the institution’s 51st Convocation and Founder’s Day ceremony.
Vice Chancellor of UNIBEN, Prof. Edoba Omoregie, disclosed this on Monday in Benin at a pre-convocation press briefing.
He said 4,217 students bagged a Second Class Upper, 7, 928 got a Second Class Lower, while 578 bagged a Third Class degree.
Omoregie said the result was indicative of the seriousness of staff and students to ensure that the institution marched on with vigour.
READ ALSO:UNIBEN Bans Students’ Sign-out Celebration
He said 15 new approved programmes by the National Universities Commission (NUC) would commence in the 2025/2026 academic session.
Prof. Omoregie said the Veterinary Medicine programme which earlier suffered an accreditation hiccup before he assumed office had been accredited by the NUC.
According to him, “The wheel of progress is on course and moving steadily in the University of Benin. This administration is poised to deliver on its mandate of effective, practical teaching, sound learning, result-oriented research and impactful community service.
READ ALSO:UNIBEN Bars 5000 Students From Writing Exam
“We must applaud the President Bola Ahmed Tinubu, for establishing NELFUND, and by so doing significantly reducing the financial stress of students in the process of acquiring tertiary education. We enjoin students and their parents to take full advantage of the federal government’s benevolence in instituting the fund.”
Prof. Omoregie disclosed that Nigeria’s Minister of Regional Development, Engr. Abubakar Momoh, would deliver the Founders’ Day lecture with the topic, “Reforms for a Shared Prosperity”.
The UNIBEN VC said Director General of the Nigerian Institute of International Affairs and Former Vice Chancellor of Igbinedion University, Okada, Edo State, Professor Eghosa Osaghae, would deliver the Convocation Lecture on the theme, “Making Our Universities Great”.
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