Africa’s external debt is projected to reach $1.29trn by 2028 as Nigeria was listed among the ten African nations accounting for 69 per cent of the continent’s total external debt, according to a recent report by Afreximbank Research.
The report, titled ‘African Debt Outlook: A Ray of Optimism’ and released in February 2024, underscores the persistent debt challenges facing African nations while highlighting potential strategies for economic stabilization.
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