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 …

In 2015 China launched the Digital Silk Road (DSR hereafter). The DSR is an essential part of the One Belt, One Road (BRI) strategy with significant domestic and foreign policy objectives. China has made enormous investments that have allowed it to achieve rapid technological advancement and economic growth. As of 2021, Chinese firms were three of the world’s largest technology companies by revenue. According to the World Intellectual Property Organisation (WIPO), in 2020 China reported 1.5 million patent applications, 2.5 times more than the second leading country, the United States. The DSR is part of China’s plan to spread its technical and proprietary knowledge by building telecommunications, data, and financial infrastructure in countries participating in the BRI. The Nigerian digital …