10 African Countries with the Least Debt Burden in 2024

Despite holding vast natural resources, the Democratic Republic of Congo (DRC) grapples with a complex debt situation. However, GDP growth in the DRC remained robust at 7.8% in 2023, supported by a strong mining sector, which grew by 15.4%, contributing around 70% to overall growth. The country has also benefited from debt relief programs. While their current debt level isn’t crippling, the DRC is still considered at moderate risk of defaulting on its loans. For example, the DRC is still working to clear outstanding debts before they reached a completion point for the Heavily Indebted Poor Countries initiative in 2009, which granted them significant debt relief.