Debt Servicing Costs Soar Amid Sub-Saharan Africa’s Financial Strain  

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Interest payments on long-term debt in sub-Saharan Africa surged nearly sevenfold between 2010 and 2023, reaching $26 billion, according to the World Bank. The sharp rise coincided with the region’s foreign borrowing doubling to $864 billion. Countries like Mozambique and Senegal were particularly affected by the debt pressure, which has left some nations allocating more… Read More »Debt Servicing Costs Soar Amid Sub-Saharan Africa’s Financial Strain