Can a borrower's club lead to cheaper, sustainable debt? [Business Africa] 03/02 - 09:07 African countries, excluding Zambia and Ghana who have already defaulted, will pay nearly $23 billion in external debt servicing in 2023. That figure will jump 12% to $25 billion in 2024, according to credit rating agency Fitch. Zambia has sought debt relief and is waiting on a decision from its creditors. The same fate awaits Ghana, Ethiopia, and Tunisia, among others. In Ghana and Zambia...
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