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Top 10 Countries In Africa With Largest Debts In Mid-2024

Published

1 year ago

October 26, 2024

Due to issues including excessive borrowing, poor economic management, unstable political environments, and volatile commodity prices, many African countries are today struggling with huge amount of debts.

Here are the top 10 countries in Africa with the largest debts in mid-2024.

Eritrea (210.6% of GDP)
Eritrea holds the highest debt ratio in Africa, significantly exceeding its annual economic output.\

Sudan (146.5% of GDP)
Sudan is a nation in Northeast Africa that is now dealing with famine, political unrest, and economic hardships that have left it with one of the biggest debt loads on the continent.

Zambia (107.5% of GDP)
Zambia is in huge debt distress due to heavy borrowing for infrastructure projects, particularly from external sources.

Cape Verde (107.1% of GDP)
Cape Verde is a tourism-dependent island country in the central Atlantic Ocean. The country’s borrowing during the COVID-19 pandemic contributed to its debt rise.

Mozambique (97.5% of GDP)
Mozambique’s debt load is associated with both the notorious “hidden debt” scandal and public spending.

Congo (Republic of the Congo) – (94.7% of GDP)

The Republic of the Congo is heavily debt-ridden due to its reliance on oil revenues and the volatile nature of oil prices.

Zimbabwe (87.2% of GDP)
Zimbabwe’s debt is tied to years of hyperinflation, currency devaluation, and economic mismanagement.

Malawi (85.4% of GDP)
Malawi, an Island nation in southeastern Africa, is distinguished by its highland territory divided by the Great Rift Valley, and the massive Lake Malawi. The country’s debt issues stem from its dependence on foreign aid and agricultural instability.

Ghana (82.4% of GDP)

Ghana is West Africa’s second most populous country, with a population of approximately 35 million.

The country still struggles with high debt levels, worsened by inflation, and a depreciating currency despite its economic reforms.

Mauritius – 79.1% of GDP
Mauritius, an Indian Ocean Island nation off the southeastern coast of East Africa, east of Madagascar is known for its beaches, lagoons and reefs.

The Island nation’s debt increased due to the economic impact of the COVID-19 pandemic, particularly in the tourism sector.

Headline

U.S. Lawmaker Reacts To Nigeria, U.S. Airstrikes

Published

9 hours ago

December 26, 2025

Editor

United States Congressman, Riley Moore, has stated that President Donald Trump is determined to put an end to the killing of Christians in Nigeria, warning that further action may follow if the violence persists.

Moore made the statement on Friday via his official X handle.

According to the lawmaker, the strike represents the first step in addressing what he described as the ongoing slaughter of Christians and the broader security crisis affecting Nigerians across religious and ethnic lines.

“President Trump has been clear that the killing of Christians in Nigeria must end,” he said.

He that the administration’s resolve on the matter should not be underestimated.

“As I stated at the outset: Do not test President Trump‘s resolved in this matter.

“Tonight’s strike in coordination with the Nigerian government is just the first step to ending the slaughter of Christians and the security crisis affecting all Nigerians,” he said.

He stressed that the operation signals a stronger stance by the United States in support of Nigeria’s efforts to tackle terrorism and violent extremism, noting that further measures could be taken if the situation does not improve.

Headline

US Dept Of War Shares Video Of Air Strikes In Nigeria

Published

10 hours ago

December 26, 2025

Editor

A video footage of the US military air strikes in Nigeria has emerged.

The video was released by the US Department of War following its air strikes against terrorists in Sokoto.

Earlier, the US secretary of War, Pete Hegseth had confirmed that military air strikes hit terrorists in Nigerians, saying it was deadly.

Later on, the US. African Command, confirmed that it conducted the attacks described as very deadly by President Donald Trump.

Trump said he was only keeping the promise he made earlier last month to strike the terrorists he believes are killing innocent Christians.

Although described as powerful and deadly, the casualty caused by the attack is yet to be released.

Explaining further, security expert, Brant Philip, said the strikes may have been launched “from the USS Paul Ignatius, using a Tomahawk missile.”

The Nigerian government through its ministry of foreign affairs has also confirmed that the strikes were successful.

Watch video here

Headline

JUST IN: US Forces Bomb Terrorists Camps In Nigeria

Published

11 hours ago

December 26, 2025

Editor

United States President Donald Trump said US forces conducted deadly strikes against Islamic State terrorists in northwestern Nigeria, and vowed more attacks if the militants keep killing Christians.

“I have previously warned these Terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was,” Trump posted on his Truth Social platform, adding that “the Department of War executed numerous perfect strikes.”

Trump stated that the Department of War “executed numerous perfect strikes, as only the United States is capable of doing. Under my leadership, our Country will not allow Radical Islamic Terrorism to prosper.”

The US president wished everyone Merry Christmas, “including the dead Terrorists, of which there will be many more if their slaughter of Christians continues.”

Details later.