06-08-2025
‘Prejudice Premium' Costs Africa $75 Billion a Year, African Finance Corp Says
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.'
