Researchers raise red flag over looming debt crisis in Africa

PUBLISHED: Fri, 30 Nov 2018 09:58:16 GMT


The number of Sub-Saharan Africa countries at high risk of debt distress rose from 8 in 2013 to 18 in 2018, according to the World Bank, fuelling fears that many countries may fall into a debt trap. The issue tops the agenda of the 49th biannual research workshop that will take place in Nairobi over the weekend. For more on this CNBC Africa is joined by Dr. Witness Simbanegavi, Director of Research at AERC African Economic Research Consortium that organised the workshop.