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Why Africa pays more to borrow despite lower infrastructure default rates

Kenya president William Ruto and Ghanaian leader John Mahama at the summit. Photo @John Mahama/Facebook
Kenya president William Ruto and Ghanaian leader John Mahama at the summit. Photo @John Mahama/Facebook
  • African leaders challenge global financial risk pricing frameworks
  • France unveils €23bn Africa investment push amid geopolitical competition

 

NAIROBI, KENYA – African leaders this week escalated their campaign against what they describe as the chronic overpricing of African risk, arguing that distorted global financial perceptions are strangling the continent’s industrial ambitions.

At the “Africa Forward: Africa-France Partnership for Growth and Innovation” summit in Nairobi, heads of state, policymakers, and financiers pressed international investors and financial institutions to rethink how African economies are assessed, rated, and priced in global capital markets.

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