World Bank raises concerns over Africa's rising debt distress risk

The National Treasury building in Nairobi: The World Bank has previously said that Kenya's debt load is racing toward the danger zone. PHOTO | FILE

The World Bank says 18 sub-Saharan African countries are at "high risk of debt distress" in 2018 compared with just eight five years ago.

The World Bank’s Pulse report doesn’t name the 18 but a report in TheEconomist says Kenya is among the 18 countries where government debt is above 50 per cent of GDP.

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