By 2028, 76.4% of Africa’s debt will be long-term, up from 75% in 2023.
The share of long-term debt will consistently rise each year.
Short-term and IMF debts will shrink to 23.6% by 2028, indicating reduced reliance on short-term borrowing.
The trend towards long-term debt reduces the immediate financial strain on governments but requires careful management to avoid excessive interest accumulation.
Countries must ensure that extended debt periods are matched with productive investments to justify future repayments.
A higher share of long-term debt could expose African economies to potential interest rate hikes in the future.
While long-term borrowing offers temporary relief, debt sustainability remains a key issue that policymakers must address.
Airtel Africa leads the Nigerian stock market with a market cap of ₦8.11 trillion naira, followed by Dangote Cement at ₦8.10 trillion and BUA Foods at ₦7.52 trillion.
The largest public companies in Nigeria are mostly in financial services, industrial goods and consumer goods.
A total of 16 Nigerian public companies have surpassed the ₦1 trillion market cap threshold.
The lowest-ranked trillion-naira company, First HolCo, has a ₦1 trillion naira market cap.
Mozambique has the fewest individuals requiring support from the United Nations.
The UN plans to help 3.6 million of the 7.8 million people in Nigeria who require assistance.
Sudan is the only Northern African country recorded by the UN as having people in need.
In East and Southern Africa, the countries with the highest and lowest numbers of individuals in need are Ethiopia and Zimbabwe, respectively.
The Democratic Republic of Congo and Niger have the highest and lowest number of individuals needing assistance, respectively, in West and Central Africa.
