For the most indebted countries in Africa, you should know that African countries owe a number of countries on their international fronts but most of the debts owed by these African countries are from China, the International Monetary Fund, and the World Bank.
In this article, we seek to scoop out some light on the 10 most indebted countries in Africa or simply put the most indebted African countries to China, IMF, and World Bank as of the end of the 2021 fiscal year.
You may or may not find your country on the list. However, if you do find your country do not be surprised since these loans are believed to be spent on people like you and me through the social developmental initiatives.
Read: List of 20 Most Indebted Countries In The World In 2021 – World Bank Report
Below, you will find the list of 10 countries who fall in the 2021 annual report of the World Bank of the most indebted country to China, IMF, and the World Bank itself for that matter.
Most Indebted African Countries
Here are the 10 most indebted countries to China and the two world international financial bodies.
Country Debt Amount
- Angola $25 billion
- Ethiopia $13.5 billion
- Kenya $7.9 billion
- Republic of Congo $7.5 billion
- Sudan $6.4 billion
- Zambia $6.5 billion
- Cameroon $5.5 billion
- Nigeria $4.8 billion
- Ghana $3.5 billion
- DR. Congo $3.4 billion
Source: World Bank Annual Report for 2021
