The Africa Channel plans to make Nigerian films available in the US, Canada and the Caribbean in early 2022, Brendan Gabriel, the channel’s ... vice president of production and creative director, tells The Africa Report.
Zambia (government debt of 120% of GDP in 2020) was the first country to hit a crisis, defaulting on its eurobond in October. Analysts are also sounding the alarm about Angola (120.3%) and the Republic of Congo (104.5%).
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The IMF typically recommends that African countries maintain their debts at below 60% of GDP. The World Bank predicts that average sub-Saharan African debt will hit a peak of 67.4% of GDP in 2021. Growth rates are expected to pick up next year and the Covid-19 crisis has led many countries to re-evaluate their development plans.