AfricaEconomyAfrica: Oil and Debt
Last month, World Bank’s managing director David Malpass expressed concern about the amount of debt some of Africa’s economies were piling on. In particular, he worried about the lack of transparency in some of the loan deals being struck with China. Africa’s debt load has soared some 150% to over $583 billion in 2018 from $236 billion 10 years earlier, according to World Bank data. A sizable chunk of that debt in Africa is made...










