By BUUMBA CHIMBULU
DEBT refinancing risks remain high across the Sub-Saharan Africa amid a substantial amount of debt maturing in 2024 and 2025, as Zambia, Ghana and Ethiopia cited are some of the countries that have defaulted on their international sovereign bonds.
The three countries defaulted on their international sovereign bonds in 2020, 2022 and 2023, respectively.
The debt challenges and the sovereign-bank nexus have remained a major source of risk in Sub-Saharan Africa, according to the latest Finance and Prosperity Report for 2024, Emerging and Developing Economies (EMDEs) published by the World Bank click here to read more
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