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‘Debt distress’ contributing to Africa’s transition finance gap, academics warn

Johannesburg: South Africa is one of the continent’s biggest emitters, with Nigeria and Egypt. The three will take up the bulk of financing to transition their economies away from fossil fuels. (Photo: Emmanuel Corset/AFP via Getty Images)

International markets will need to increase grants and other concessional sources of funding if Africa is to meet its climate goals, says a briefing by Cambridge University researchers

African markets’ hesitancy to take on large amounts of expensive market-rate debt from foreign countries is limiting their ability to ...

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