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Kenya calls for united African front against costly debt
Kenya has called on African nations to unite and negotiate as one bloc, arguing the continent pays $75 billion (Sh9.7 trillion) a year in inflated interest as a "trust tax."
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Africa must turn its wealth into bargaining power to rewrite global debt rules — Experts
The call comes months after African Union leaders adopted the Common African Position on Debt, which seeks to strengthen Africa’s collective hand in debt negotiations and push for…
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Africa spends $90bn yearly servicing debt, pays $75bn risk premium — Kenya govt
“Africa pays $90 billion a year in debt service. That is more than aid and climate finance combined,” Mr Sing’oei said.
