Africa’s Growing Debt Challenge Prompts Shift to Asian Financing as China Scales Back

Africa’s Growing Debt Challenge Prompts Shift to Asian Financing as China Scales Back

Africa’s external debt, exceeding $1.1 trillion, creates significant challenges for governments facing high repayment costs and restricted access to Western markets. With around $160 billion in debt servicing due in 2025, many African nations are turning to Asian financial markets, particularly Japan and China, for alternative funding. This shift introduces risks, as China’s lending to […]