logo
‘Prejudice Premium' Costs Africa $75 Billion a Year, African Finance Corp Says

‘Prejudice Premium' Costs Africa $75 Billion a Year, African Finance Corp Says

Bloomberg06-08-2025
Mispriced risk and flawed perceptions of default are costing African nations billions of dollars a year in additional borrowing costs and lost revenue, according to Africa Finance Corp. 's president.
'These default rates are really, really exaggerated,' Samaila Zubairu said at an event in Johannesburg on Wednesday. 'The prejudice premium Africa has paid is $75 billion annually. That's a lot of money.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store