Five East African Countries in U.S.$100 Billion Debt Trap

Five East African Community member countries, Kenya, Burundi, Rwanda, Uganda and Tanzania have together accumulated more than U.S.$100 billion domestic and foreign debt, stretching their repayment budgets to the limit. Kenya and Burundi has the highest loan distress profiles, with their debt to GDP ratio projected to exceed 60% this year.

The multi-lane, modern Nairobi-Thika super highway (file photo).

  • East Africa:   EAC Economies' Debt Scare

    Citizen, 10 November 2019

    Burundi has joined a group of nine African countries at a high risk of debt distress, with Kenya, Uganda and Tanzania among top 50 countries in the world that are highly indebted… Read more »

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