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Africa's rising debt levels significantly hinder the continent's ability to invest in critical infrastructure and social services essential for economic growth. High debt servicing costs divert funds away from development initiatives, limiting opportunities for education, healthcare, and job creation. Additionally, increased borrowing can lead to dependency on external financing, reducing fiscal autonomy and increasing vulnerability to global economic fluctuations. Consequently, these factors collectively stifle Africa's potential for sustainable economic development.
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Impact marine insurance on an economy?
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