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Maroc Maroc - iafrica.com - A La Une - 12/Sep 17:59

East African Countries Top Africa’s Debt List

A report by Afreximbank reveals that African countries’ defaulted loans hit a record $149.4 billion in 2022, driven by rising borrowing costs and global crises, including the COVID-19 pandemic and the Russia-Ukraine war. East Africa tops the continent’s indebtedness, with Kenya and Tanzania leading in loan defaults. According to the study, the region recorded a… 

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