Experts warn of Africa’s new debt crisis

ArticleDebt crisis January 31, 2018 - 3:40:43 AM

Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one was said to have been resolved.

The reason African debts have risen is simple. Since the world financial crisis of 2008, there has been a boom in lending to low- and lower-middle-income country governments which more than quadrupled from $57 billion (Sh5.9 trillion) in 2007 to $260 billion (Sh26.8 trillion) by 2016...

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