Kenya and Sudan are on the list of Africa’s top 10 largest external borrowers, raising debt sustainability concerns and worries over their capacity to repay the loans without compromising development and day-to-day government running.
A new study by the Afreximbank, whose findings were released late in December, shows that African countries’ external debt has increased significantly over the past two decades, reaching $1.16 trillion in 2023, accounting for 60 percent of the region’s total public debt.
