Continuation from our previous presentation by Credit Africa
Across Africa, fiscal pressures are mounting. While home to 1.4 billion people and some of the world’s fastest-growing economies, rising debt levels are threatening progress toward sustainable development.
In 2024, African governments spent $163 billion on debt servicing double what they paid a decade ago. Today, 16.7% of government revenues go toward interest payments — more than many nations spend on education.
This means fewer hospitals, fewer schools, and stalled infrastructure the very foundations of poverty reduction.
Why It Matters
1️⃣ Shrinking fiscal space = slower growth.
Up to 30–40% of national budgets go to debt, crowding out investment in health, education, and energy.
👉 Example: Kenya’s interest payments rose from 12% (2012) to 30% (2024) of revenue.
2️⃣ Cutting investment deepens downturns.
Every 1% cut in public investment can shrink GDP growth by 1.5–2% over two years.
3️⃣ High borrowing costs raise vulnerability.
African sovereign bond yields average 11–14%, versus 4–5% in emerging Asia.
👉 Example: Ghana’s debt hit 80% of GDP before defaulting in 2023.
Credit Africa’s Measurable Policy Package (12–36 months)
- Stabilize & Restructure Debt: Cut interest-to-revenue ratio to ≤10%.
Zambia’s 2024 restructuring freed up $750 million annually.
- Protect Core Budgets: Guarantee 40% of discretionary spending for social & infrastructure.
Rwanda maintains education at 20% of its budget.
- Mobilize Domestic Resources: Raise tax revenues by 2–5% of GDP.
Nigeria’s e-tax added $3.2 billion in 2023.
- Lower Borrowing Costs: Increase local-currency debt share by 15 pp.
South Africa now finances 80% of its debt locally.
- Expand Social Protection: Extend safety nets to 10–20% more vulnerable people.
Ethiopia’s PSNP supports 9 million households.
- Strengthen Transparency & Governance: Achieve full debt disclosure within 12 months.
Senegal’s debt portal improved investor confidence.
✊ Africa It Can Be Done.
By combining debt transparency, domestic resource mobilization, and protected social s
Artisanal & Small-Scale Miners (ASM) are the unsung heroes of Africa’s mineral wealth. From gold to gemstones, copper to cobalt, they fuel local economies and create livelihoods for millions.
Yet, despite their contribution, ASM communities face unsafe working conditions, unstable incomes, and little to no access to finance or social protection.
At Credit Africa LTD, we believe it’s time to redefine the narrative. ASM development is not just about minerals — it’s about people, families, and generations.
Why This Must Be Addressed
👉 Health Insurance: Protecting Our Heroes
Without good health, productivity cannot thrive. Affordable micro-health insurance ensures miners & families are protected, dignified, and empowered.
👉 Wealth Creation: From Survival to Prosperity
Through savings, microcredit & cooperative lending, ASM can expand operations, create jobs, and build lasting wealth for their communities.
👉 Pension Schemes: Securing the Future
Mining is tough and short-lived. Micro-pension plans guarantee dignity and financial security for miners and their families beyond active work.
At Credit Africa LTD, we see a future where every miner has:
✔️ Health for today
✔️ Wealth for tomorrow
✔️ Security for the future
Together with governments, financial institutions & partners, we can transform ASM from a story of struggle into a story of strength & success.
