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‘Fragile Five’ Indebted Africa Nations Flagged by Top Lender

  • Major risks seen in Ghana, Kenya, Angola, Ethiopia and Zambia
  • Countries on precipice as era of cheap money draws to a close
Accra, Ghana.

Accra, Ghana.

Photographer: Cristina Aldehuela/Bloomberg
Updated on

Five key African economies will face debt risks over the next two years, according to the continent’s biggest bank, as an era of extraordinary pandemic-induced stimulus and relief for poor nations draws to an end.  

“Debt sustainability now requires sharper focus,” Jibran Qureishi, head of African research at Standard Bank Group Ltd., said in an interview with Bloomberg News.