#africatop10 The African debt markets have grown rapidly in the past few years. The IMF has cautioned African nations on the dangers of growing their international sovereign debt to fast and in this video 2nacheki looks at the top 10 Countries in Africa With the Most Debt
Here are 10 Countries in Africa With the Most Debt
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I'm here baby,we will pay it is a small things, thanks to our Government, we don't go all over the world and bother people in they countries, free universities education,free basic education,free basic health care and we came to take over in your poor countries,to pay our debt , look ,DStv that you watching , Shoprite, game store in your country and if you come here ,in South Africa everyone has Diploma certificate, bachelor degree come and visit,if you don't want to be educated in South Africa it is because it is your choice, not, because you can't afford,we don't scared of that debt, which country has most millionaire in Africa?
The debts of the African countries which modern banks collect should be nullified because of their background. There hasn't really happened any taking or giving loans with African countries which would have caused these debts. The debts are made up from nothing, by Europeans leading to colonial times which in reality is abusement and exploitation of those countries and cultures. This is similar to the Finnish war reparations when Finland was forced to pay large compensations to the attacking country, of course because of exploitation reasons. Making up debts is a common thing in the history of wrongdoings which has happened many times. It is significantly wrong for modern banks to be collecting these loans and this way keeping the African countries in poverty.
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Every African country has a debt. It's used by the so called first world to keep the so called third world or poor countries in check and under control. The hand that feeds you controls you. That's why we're controlled by the Europeans and US and the latest Chinese. Neocolonialism at work. Africa is controlled by the outside world.
Let's be frank, South Africa uses its debt to improve its infrastructure & everyone can see it, plus it's social welfare security is the biggest for a 3rd world country.. So it was expected for it to be in such high debt.. Reasonable debt for South Africa should be around 80 to 100m.. 140 is just 2high n it does not look like it will cut it with the new plans in place cause they include increased government spending
That is true..But I would say they must cut some of the welfare especially child support grants and grow the economy.And obviously cut corruption and and fix government owned companies to turn out profits.
Ghana is just funny the are owning debt of $12 billion and their Nominal GDP is just $46 billion let's say they pay their debt now they would be left with just $34 billion😂😂 Ghanaians wtf are u using the money for in that small country of yours?
Same goes to my country Nigeria, how come $11 billion debt? It's not big just pay and you will still be the Largest Economy in africa what are we waiting for😂😂
Ive seen so many black families in South Africa obtain wealth instanly after aparthied, wealth they recieved without working for it. These famailes spend them on luxury cars and houses etc, only to get them repossesed by the bank, no wonder the country has a lot of debt.