The World Bank unveiled on Monday, May 28, its ranking of the most indebted African countries in 2018.
In this ranking, it is clear that countries with strong economies are the most indebted on the black continent. South Africa breaks all the records of this top 10 with its population of more than 55 million inhabitants.
Let’s discover together the top 10 most indebted African countries this year.
1) South Africa
With a population of about 56 million, South Africa is the most indebted country. Its debt amounts to more than $792billion.
Sudan ranks second with a considerable gap behind the number one on the list. The Sudanese population lives with about 528 billion US dollar of debt.
Egypt has a debt of more than 299 billion US dollar.
Morocco has been ranked first country for investment. Unfortunately, despite his generosity for business, King Mohammed VI and his country have a debt of $70 billion.
Tunisian debt amounts to more than 18billion US dollar.
Angola finds itself plunged into a debt of more than US$17 billion.
7) Democratic Republic of the Congo
The Congo counts about 79 million inhabitants and lives with a debt of 13billion US dollar
8) Ivory Coast
Ivorian debt stands at more than 11billion US dollar.
Nigeria is in the penultimate place in the ranking of the most indebted African countries. Its debts are worth $10billion US dollar.
$1billion is the sum of the debts of Kenya with which we put an end to the ranking.