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Economies around the world are struggling with high inflation and interest rates, and while there has been some relief in Europe and the US, in much of the developing world, especially in Africa, the economic instability seems to have taken a more permanent toll. In this video, we take a look at Africa’s on-going debt crisis, why it could get worse, and why it’s yet another point of tension between China and the West.
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1 – https://kenopalo.substack.com/p/africa-in-2024
2 – https://www.bloomberg.com/opinion/features/2023-09-12/africa-s-lost-decade-economic-pain-underlies-sub-saharan-coups
3 – https://adf-magazine.com/2024/02/as-chinese-debt-comes-due-african-nations-struggle-with-repayments/
4 – https://www.reuters.com/markets/developing-countries-facing-debt-crunch-2023-10-04/
5 – https://www.crisisgroup.org/middle-east-north-africa/north-africa/tunisia/234-tunisias-challenge-avoiding-default-and-preserving
6 – https://www.crisisgroup.org/middle-east-north-africa/north-africa/tunisia/234-tunisias-challenge-avoiding-default-and-preserving
7 – https://kenopalo.substack.com/p/is-there-an-africa-penalty-in-sovereign
8 – https://www.treasury.go.ke/wp-content/uploads/2023/03/Outstanding-Eurobonds.pdf
9 – https://www.bloomberg.com/opinion/features/2023-09-12/africa-s-lost-decade-economic-pain-underlies-sub-saharan-coups
10 – https://www.bloomberg.com/news/articles/2023-12-20/china-snarls-zambia-debt-deal-after-mix-up-on-bondholder-losses
11 – https://kenopalo.substack.com/p/africas-year-in-review
12 – https://kenopalo.substack.com/p/is-there-an-africa-penalty-in-sovereign
00:00 – Introduction
01:12 – Disclaimer
01:48 – African Debt Crisis Explained
04:49 – Creditor Disagreements
07:26 – Sponsored Content