Namibia: African countries face higher borrowing rates – Business

African countries are facing interest rate discrimination when borrowing money compared to other countries.

Speaking at the G20 summit in Johannesburg, South Africa, on Friday, United Nations secretary general António Guterres said African countries face higher interest rates than European nations.

He said this is despite some African countries having better financial and development prospects.

“There are European countries with much higher debt than that of many African…