Unfortunately, wrong guess!

Africa's debt service obligations have tripled since 2008 and 20 nations teetering on the brink of debt distress.

 Governments are increasingly forced to prioritize creditor payments over vital development needs, trapping economies in a cycle of unsustainable borrowing. 

This growing crisis underscores the urgent need for alternative financing models. This debt burden has intensified calls for homegrown solutions that can keep capital circulating within the continent. The Confederal Bank for Investment and Development (BCID), launched by the Sahel nations, offers a promising solution. Read the full article to explore how BCID’s innovative model could be emulated to reshape Africa's development finance landscape.