Top 20 Most Indebted African Countries: See Nigeria’s Position

Even though Africa has the fastest-growing continental economy, the cause of great concern is debt. The continent’s borrowing started in 2007 and it continues unabated. African countries have the smallest debts in the world compare to other western countries. Countries like Kenya didn’t make the top 20 African countries with the most debt; as of March 2014 it has one of the lowest external debt in Africa and the world at $3.6 billion.

Below are top 20 African nations with the most debt, according to World Bank and the C.I.A World Fact book with information regarding external debt of each country in US dollars. External debt is the total public and private debt owed to nonresidents, repayable in internationally accepted currencies, goods or services.

Top 20 Most Indebted African Countries are:

20. UGANDA – $4,126,000,000

19. NAMIBIA – $4,205,000,000

18. ALGERIA – $4,344,000,000

17. IVORY COAST – $4,743,000,000

16. MOZAMBIQUE – $4,880,000,000


15. LIBYA – $5,278,100,000

14. ZAMBIA – $5,455,000,000

13. ZIMBABWE – $6,975,000,000

12. REPUBLIC OF CONGO – $7,645,000,000



10. ETHIOPIA – $9,965,000,000

9. NIGERIA – $10,200,000,000

8.TANZANIA – $11,190,000,000

7. GHANA – $11,240,000,000

6. ANGOLA – $20,650,000,000

5. TUNISIA – $24,500,000,000

4. MOROCCO – $29,430,000,000



The Author

Jide Adeyoye Franklin

Jide is a prolific writer, researcher and a certified author on Nigerian Infopedia. He is a very experienced tech personality with knowledge in SEO and current trends online.

1 Comment

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  1. mahama Kappiah

    the debt of the country is really not important. what is important is the debt to GDP ratio. that is what is more important to countries in the world. a small with a small debt could still be highly indebted while a big country with a big debt will still not be highly indebted. Nigeria for example with a debt of 10bn is nothing compared to its GDP. even south Africa with a debt of 137bn will not be considered highly indebted. whereas small countries like Ghana with a debt of 11bn will be considered highly indebted. it will therefore be more useful to present the dept/GDP ratio for the countries

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