Continents

Africa's external debt levels have long been a topic of concern. High-interest rates and the slow maturity of local financial ecosystems add layers to this complex issue. Does this situation reflect the broader global economic landscape, or is it particular to Africa's unique geopolitical fabric? There's a constant increase in the need for foreign capital to sponsor imports, and this naturally inflates the external debt burden. As highlighted in a report by Afreximbank Research, Africa relies significantly on…