Borrowing too much too fast? Africa’s growing debt challenge
Forecast to lose a combined $1.6 billion (Sh163.2 billion) in predicted economic growth in 2015, the people of Guinea, Liberia and Sierra Leone breathed a collective sigh of relief when the International Monetary Fund (IMF) forgave a combined $100 million (Sh10.2 billion) in loans, shortly after disbursing $130 million (Sh13.3 billion) in aid last September.
By Jocelyne Sambira
9 years ago