Kenya proves ‘Africa Rising’ decade was a big miss

Foreign and local workers pictured during the construction of Thika superhighway in 2011.

Photo credit: File | Nation Media Group

The year 2024 was marked out for almost four dozen elections across the world. It is also the year in which the highest number of countries in Sub-Saharan Africa recorded a concerning degree of debt distress, with the possibility of defaults becoming undeniable.

The burden of both domestic and foreign debt is real for these countries and, despite the announcements that all is well, we think that, for the majority of these countries, the light at the end of the tunnel is yet to be seen.