Coface: Indebtedness rises in Africa


The successive shocks linked to the Covid pandemic and the war in Ukraine have had a clear negative impact on African economies. They have revealed, materialised and even exacerbated major structural weaknesses. Over-indebtedness and food insecurity, with their economic, political and social ramifications, are the chief hallmarks.

During the pandemic, growth in Africa receded on the back of plummeting commodity prices and expatriate remittances, as well as a collapse in tourism. Hindrances to the mobility of persons and merchandise and the disorganisation of transport systems contributed largely to the recession.



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