East African economies have in the past 10 years borrowed over the U.S.$29.42 billion to grow their transport, communication, manufacturing and energy sectors. According to the World Bank report Kenya, Rwanda and Tanzania are among 14 sub-Saharan countries that will struggle to pay their loans post 2021, these three regional economies, which have debt maturities starting in 2020, are currently facing rising currency risk that could jeopardise their loan repayments.
Paradox - to Pay Off Its Foreign Debt, East Africa Must Cut Down Domestic Borrowing
East African, 18 July 2018
Since debts can only be repaid if a country generates money through economic activity, some countries may seek to expand their industrial bases or conversely the tax base from… Read more »
East African Community (EAC) is an intergovernmental organization composed of six countries in the African Great Lakes region in eastern Africa: Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda.
East Africa Now Owes China $29.4 Billion in Infrastructure Loans
Nation, 16 October 2018
East African economies have in the past 10 years borrowed $29.42 billion to grow their transport, communication, manufacturing and energy sectors. Read more »
East Africa Will Struggle to Pay Off International Debt Post-2020 - Report
Nation, 11 October 2018
Kenya, Rwanda and Tanzania are among 14 sub-Saharan countries that will struggle to pay their loans post 2021, owing to rising currency risk. Read more »
Rising Public Debt Stifling EA Countries Development Budgets
Monitor, 16 May 2018
The East African region has sustained an average growth rate in excess of 6 per cent between 2012 and 2017, which is more than double the global average. Although there are… Read more »
Credit Agency Says Debt in Some Countries Worrying
East African, 2 June 2018
Interest levels on debts owed by 11 African countries that were part of the World Bank's Heavily Indebted Poor Country (HIPC) Initiative of the early 1990s are now back at… Read more »
East African governments are being advised to set up independent debt management offices and increase their country's central bank capacity to improve economic management. Debt ... Read more »
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