African Nations to Borrow $155 Billion Throughout 2026

African nations are set to borrow $155 billion this year to refinance debt. S&P Global notes that regional conflicts could impact future financing costs soon.

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African nations are projected to borrow $155 billion in long-term commercial debt throughout 2026, according to a report by S&P Global Ratings. This figure represents a 10% increase compared to the previous year, as governments move to refinance maturing obligations and address expanding domestic fiscal needs.

A view of the Cairo skyline during a period of cold, foggy weather at sunset, Egypt. REUTERS/Amr Abdallah Dalsh/File Photo
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