SUB-SAHARAN AFRICA FACES HUGE DEBT BURDEN, DEFAULT RISK HEIGHTENED

Spread the loveFaith Nyasuguta  Sub-Saharan’ African nations are facing an immediate risk of defaulting on their loans in the coming monthsfollowing a combination of increasing debt servicing costs, high borrowing, rising import costs and higher inflationary pressures tied to the continued appreciation of the dollar. The looming defaults could undermine prospects of a full economic recovery from the … Continue reading SUB-SAHARAN AFRICA FACES HUGE DEBT BURDEN, DEFAULT RISK HEIGHTENED