Africa faces $59bn debt strain, W’Bank warns

Sub-Saharan Africa is projected to confront a significant debt burden of $59 billion in 2025. This financial pressure is largely driven by increasing costs associated with servicing external debt. The economic prospects for the region are further complicated by ongoing geopolitical instability and other global shocks.

This debt strain poses a substantial risk to economic development and stability across Sub-Saharan Africa, potentially impacting poverty reduction efforts and access to essential services.