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Africa’s public debt burden has doubled from 2010 to date. Data from the International Debt Statistics Data as of December 2022 shows that African countries owe $ 644855.2 billion (USD). The International Monetary Fund (IMF) and the World Bank consider 22 low-income African countries to be either in debt distress or at high risk of debt distress as of November 2022. Debt distress in this context means a country is experiencing difficulties in servicing its debt. A high debt burden could risk the continent’s economic growth, development, and climate investments. The additional global economic downturn and falling commodity process could compound the issue for countries on the continent. While there is no immediate threat of systemic and financial collapse due …