Eric LeCompte, Executive Director of Jubilee USA, recently spoke with Global Capital on growing debt burdens in Africa. Read excerpt below and follow link to full article.
Debt-laden African states ill-prepared for next crisis
Eric LeCompte, executive director of Jubilee USA Network, said African markets were now much more connected to the rest of the world than during the previous financial crisis.
"The types of debt that different countries have today did not even exist in Africa 10 years ago. Africa will not be insulated from the next crisis," he said. "The poorest countries are already back in debt, and now we even see wealthier countries like Nigeria, Kenya which are dealing with serious debt issues."
Read more here.