East Africa Faces Debt Crisis As Borrowing Surpasses $100b Mark

A rapid build-up of loans has pushed East African countries close to a debt crisis, putting at risk the region's long-term economic stability.

Five East African Community member countries have together amassed more than $100 billion domestic and foreign debt, stretching their repayment budgets to the limit.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.