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African countries’ debt rises to 990 billion euros

According to the UN Economic Commission for Africa, African countries' sovereign debt has exceeded $1.1 billion (€990 billion), with debt servicing costing $163 billion annually. “Public debt in Africa exceeds $1 billion, creating a serious fiscal crisis, with more than one in three countries either over-indebted or at high risk of becoming over-indebted,” Lousa...