The narrative that Africa faces a persistent debt crisis has become entrenched. Despite representing nearly one-fifth of the world's population, the continent accounts for less than three percent of global sovereign debt. By contrast, the European Union (EU) and the United States (US) account for a much larger share (nearly 16pc and more than 34pc, respectively). Africa's average debt-to-GDP ratio, at 67pc, is markedly lower than those of Europe (88.5pc), the US (122.6pc), and Japan (236.7pc). Nonetheless, many countries on the least-indebted and most capital-starved continent remain stuck in a debt […]