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

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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.\

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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.

READ ALSO: Top 10 Countries With The Most Billionaires In 2024

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

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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)

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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.

READ ALSO: Top 10 Countries In Africa Where Workers Earn Highest Salaries

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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.

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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.

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US Launches New Airstrikes On Iran

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The United States has launched new airstrikes in southern Iran.

The strike shot down four one-way attack drones that posed a threat around the Strait of Hormuz and then a ground control site.

A US official revealed that American forces struck an Iranian ground control station in Bandar Abbas that was about to launch a fifth drone.

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READ ALSO:US Restricts Entry Routes For Travellers From DRC, Uganda, South Sudan Over Ebola Outbreak

The official described the strikes as purely defensive, saying the US intended to maintain the ceasefire.

Report says this is the second time in three days that the US has carried out self-defense strikes against Iranian military targets in southern Iran.

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Recall that on Monday the US carried out airstrikes against Iranian missile locations and boats that US Central Command said were preparing to launch mines in the Strait of Hormuz.

 

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Woman Passes Out After Receiving 100 Strokes Of Cane

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A woman has passed out after she and her partner were each flogged 100 times in public for engaging in sex outside marriage under strict Sharia laws in Indonesia’s Aceh province.

The woman, whose identity was not disclosed, was later carried away after the punishment was carried out in Banda Aceh, located at the northern tip of Sumatra island on Thursday.

A masked official dressed in brown robes administered the caning before members of the public who gathered to witness the punishment.

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Her partner was also seen wincing in pain while receiving the lashes.

READ ALSO:Ex-INEC REC Reveals 2026 Electoral Act Provisions That Could Undermine 2027 Election

The pair were among several individuals punished for violating Sharia regulations in the province.

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Authorities from the Banda Aceh Sharia Court and the Prosecutor’s Office handed down punishments ranging from 25 to 100 lashes for offences including extramarital sex allegedly arranged through online applications.

Aceh remains the only province in Muslim-majority Indonesia operating under Sharia law, where unmarried couples are prohibited from having sexual relations.

Caning is commonly used in the province as punishment for offences such as gambling, alcohol consumption, same-sex relations and sex outside marriage.

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READ ALSO:UN Facing ‘Imminent Financial Collapse’ — Secretary General Lamenets

Under Aceh’s Sharia regulations, child rape offenders face some of the harshest penalties, including up to 200 strokes of the cane, a prison sentence of as long as 200 months or fines equivalent to two kilograms of gold.

The punishments are usually carried out publicly as a way of shaming offenders in addition to inflicting physical pain.

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Such canings are often conducted outside mosques or in open public spaces, with residents watching and taking photographs during the exercise.

Human rights organisations have continued to condemn the practice, arguing that it causes emotional trauma and violates international human rights standards.

READ ALSO:18-year-old OAU Medical Student Dies While Sleeping

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Amnesty International and Human Rights Watch have repeatedly criticised the punishments, saying they conflict with Indonesia’s constitution and global legal obligations.

Amnesty said in a statement: “Caning contravenes Indonesia’s constitution and is in clear violation of international human rights law and standards.

‘It constitutes a cruel, inhuman and degrading punishment and can amount to torture in violation of the UN Convention against Torture and other international covenants, to which Indonesia is a State Party.’”

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Despite the criticism, local authorities have defended the punishments as part of Aceh’s religious and cultural identity, insisting they serve as a deterrent against immoral behaviour.

Earlier in January, another couple in the province reportedly received 140 lashes each after being found guilty of drinking alcohol and engaging in sex outside marriage.

(Daily Mail)

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Senegal’s President Sacks Prime Minister After Months-long Feud

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Senegal’s President Bassirou Diomaye Faye has sacked Prime Minister Ousmane Sonko and dissolved the government following months of rising political tension between the two former allies.

The decision was announced in a surprise decree read on national television by a presidential aide, stating that Faye had “ended the duties” of Sonko and “consequently those of the ministers and secretaries of state who are members of the government”.

Sonko, who remains a highly influential figure among Senegal’s youth, responded on social media, saying he would “sleep with a light heart”.

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READ ALSO:Senegal Lawmakers To Debate Same-sex Relations Bill

The political fallout comes at a time of growing economic strain in the country, with the International Monetary Fund (IMF) putting Senegal’s public debt at 132% of its GDP.

His removal followed a tense parliamentary session on Tuesday, where Sonko openly criticised President Faye’s handling of the debt situation.

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The development is striking given that Faye’s rise to power was largely tied to Sonko’s popularity and political backing.

READ ALSO:French Army To Leave Senegal Amid Africa Downsizing

Sonko would almost certainly have contested the presidency himself in 2024, but was barred from the race due to a defamation conviction. Instead, he threw his support behind Faye, rallying voters with the slogan “Diomaye is Sonko, Sonko is Diomaye”.

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The alliance helped unseat former President Macky Sall in a dramatic electoral victory, despite both men having been released from prison only days before the vote.

Tensions between the two leaders had been building for months, with Faye reportedly accusing Sonko of excessive dominance within the ruling Pastef party, while Sonko accused the president of weak leadership and failing to defend him against critics.

(BBC News)

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