Egypt’s Al-Sisi calls for end to African debt cycle as Macron unveils €23bn investment in Nairobi

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At the Africa-France summit in Nairobi, Egyptian President Abdel Fattah Al-Sisi highlighted the growing issue of sovereign debt among African nations, urging for a reform of international financial systems. His remarks come as he calls for investment to address critical areas like health and education.

Egyptian President Abdel Fattah Al-Sisi warned that a large number of African nations now spend more on debt service than on health and education combined, urging an immediate reform of the international financial architecture to break the “vicious cycle of the sovereign debt dilemma.” Speaking at the Africa-France summit in Nairobi, Al-Sisi’s demands for equitable […] The post Egypt’s Al-Sisi calls for end to African debt cycle as Macron unveils €23bn investment in Nairobi first appeared on Dailynewsegypt.