Africa’s USD 1.9tln Debt Burden Deepens as AfDB Warns Weak Tax Systems Costing Continent Billions

Africa’s public debt stock climbed to nearly USD 1.9 trillion in 2024 as governments across the continent grapple with shrinking aid flows, rising debt service costs, and intensifying geopolitical shocks that are squeezing already fragile fiscal systems, according to the African Development Bank’s African Economic Outlook report published this week. The Bank warned that the […]

Original source: The Reporter Ethiopia