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Strong dollar, heavy debt threaten Africa’s currencies, development spending – Dangote Group

A strong US dollar, elevated global interest rates and heavy external debt are putting pressure on African currencies and limiting governments’ capacity to finance development, even as the continent’s…

  • Strong U.S. dollar and rising interest rates pressure African currencies
  • Heavy external debt burdens governments' ability to fund development
  • Energy-importing African nations face currency and fiscal instability

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