Africa's debt largely owed to private financial groups, Eurobonds, and oil creditors: scholar

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Africa's debt largely owed to private financial groups, Eurobonds, and oil creditors: scholar

STORY: Africa's debt largely owed to private financial groups, Eurobonds, and oil creditors: scholar DATELINE: July 24, 2022 LENGTH: 00:02:46 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: SOUNDBITE (English): BEATRICE MATIRI-MAISORI, Senior economics lecturer, Riara University, Kenya STORYLINE: Beatrice Matiri-Maisori, a senior economics lecturer at Kenya's Riara University, said the figures and percentages revealed by recent studies clearly indicate that Africa's external debt is largely owed to private financial groups, Eurobonds, and oil creditors, not to China. She added that, with loans from China, an interconnected Africa is being built. SOUNDBITE (English): BEATRICE MATIRI-MAISORI, Senior economics lecturer, Riara University, Kenya "A greater percentage of Africa's external debt is really by private financial groups and Eurobonds, and the oil creditors. There are always conversations around (saying that) China is having a lot more to do with the debt and the 'debt diplomacy' from China, but really

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