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Ethiopia’s economic growth hovered between 8%-11% for over 10 years but its sovereign credit rating has not been upgraded. (Eric Lafforgue/Art in All of Us/Corbis via Getty Images)

African countries aren’t borrowing too much: they’re paying too much for debt

African governments are issuing and listing their Eurobonds on established international debt markets – usually London and Irish Stock Exchanges

Misheck Mutize