Debt Crises and Sovereign Risk in Africa

This book examines the resurgence of debt crises in Africa following the Covid-19 pandemic. It deciphers the debt crisis phenomenon through the discourse of sovereign risk, which has been paid insufficient attention within the African context. It seeks to appreciate facets that continue to lead African states to a debt-default position.

The book focuses on the pre-stages of default and debt default risks. It explores and investigates whether South Africa was and continues to be financially c...