Keynotes
|
Friday
|
3:30 pm
Klarman Hall
Diverse

Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

America/New_York
Feb 16, 2024 3:30 PM
Klarman Hall

Other Sessions

More Info
Breakout 1
Saturday
|
10:15 am
Aldrich 111
Iterating Traditional PE for Africa
Lessons from African iterations to traditional PE
More Info

Iterating Traditional PE for Africa

There have been several iterations of how to adapt the traditional PE fund for Africa's unique challenges. These include permanent capital vehicles, de novo funds and sovereign wealth funds. Are these iterations performing any better? What are the lessons for traditional PE from these experiments? What other iterations are LPs like DFIs willing to invest in next?

America/New_York
Feb 17, 2024 10:15 AM
Aldrich 111
More Info
Specials
Saturday
|
10:15 am
Batten Hives 301
Building a Venture in Africa
How to move from idea to venture
More Info

Building a Venture in Africa

Venture building is a comprehensive and systematic approach to creating, developing, and scaling new businesses or startups. Our workshop is focused on sharing expert knowledge on building VC backable businesses on the African continent. We will showcase how we turn ideas into successful ventures by sharing our tips, tools, and methodologies. Our workshop will provide an overview of the fundamentals of venture building and also demonstrate one of our ideation techniques in action.

America/New_York
Feb 17, 2024 10:15 AM
Batten Hives 301
More Info
Breakout 3
Saturday
|
3:45 pm
Aldrich 112
Cultivating a Sports Ecosystem in Africa
Challenges and opportunities within the African sports ecosystem
More Info

Cultivating a Sports Ecosystem in Africa

Africa is increasingly emerging as a dynamic player in the global sports arena. In recent years, African athletes have gained international recognition, and African sports federations have shown significant promise. This panel aims will delve into the challenges and opportunities within the African sports ecosystem, shedding light on unleashing talent, institutionalizing the appropriate infrastructure through smart investments and the path towards sports globalization. This panel will present viewpoints from across the sports ecosystem in Africa, including investors, operators, and former athletes.

America/New_York
Feb 17, 2024 3:45 PM
Aldrich 112