Loan repayments could cripple African countries’ growth prospects in 2019
A Moody's report paints a grim picture of African economies in 2019, noting that the continent’s growth has slowed down from the high levels of the past years. FOTOSEARCH
The economies of most African countries are facing uncertainties as household incomes continue to drop in some.
A new study by the global rating agency — Moody’s Investor Services — shows the overall sovereign creditworthiness in sub-Saharan Africa in 2019 is negative, largely due to the credit challenges posed by fiscal and external vulnerabilities.
