Browsing: debt in Sudan

Debts are quite effective economic tools when used correctly. However, debts have been seen to hold people and nations accountable over time and space and sometimes push developing countries to the edge of economic crisis. 

In the case of Africa, debt has evolved to become a phenomenon that nations such as South Africa, Sudan, Tanzania and Zambia battle with every inch of their economic prowess. 

The African Report argued that the number of African countries at risk of debt distress has doubled since the COVID-19 pandemic, but only three of them have opted for debt restructuring.

• South Africa has been hit with most brutal power outages which hurt the economy significantly
• Recently, the finance ministry of South Africa stated that it will transfer state energy provide Eskom to government to empower the utility performance
• South Africa’s debts will peak at just over 71 per cent of gross domestic product this