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Africa’s Cost of Borrowing is Orders of Magnitude Higher Than the Rest of the World


To understand why African finance leaders are so determined to avoid a default on their Eurobond debt all you have to do is look at the current interest rates that many of the continent’s largest economies are paying for their government bonds.

Zambia’s 10-year bond is by far the highest at a stunning 38%, but South Africa, Nigeria, and Kenya are also in double digits.

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The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


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