News & Analysis: Angola

Africa is sitting on a ticking time bomb—$35 billion worth of Eurobond debt

“Many of Eurobonds will mature between 2021 and 2025. It will require sub-Saharan African countries to repay an average of just under $4 billion annually in that period. But they are already currently bleeding a rising total of just over $1.5 billion in annual coupon payments on these Eurobonds.”

via Quartz Africa