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Africa faces harsh consequences as global debt tops $100 trillion

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Accra, Ghana © Unsplash

Alhousseiny Djigo

Alhousseiny Djigo is an experienced financial journalist based in Dakar.
  • OECD warns global debt has crossed $100 trillion, fuelling fears of higher taxes
  • Analysts say Africa could bear the brunt, with households and small businesses most exposed

 

Africa and other emerging markets risk paying the steepest price as global debt balloons past a record $100 trillion, according to the Organisation for Economic Co-operation and Development (OECD).

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