JPMorgan’s $200m Angola margin call reveals Africa’s new debt pains

JPMorgan’s $200m Angola margin call reveals Africa’s new debt pains

A $200m margin call by JPMorgan on Angola's $1bn loan at the height of the global selloff of risky assets has exposed the high costs of unorthodox financing heavily indebted African issuers have been turning to, analysts say.

World news in brief: $200m margin call reveals Africa’s new debt pains

Huge margin call exposes risk of unorthodox financing heavily indebted African issuers have been turning to

JPMorgan's $200mln Angola margin call reveals Africa's new debt pains

Africa's debt has soared to more than $1.8 trillion, the African Development Bank said, leading to three sovereign debt defaults in the past four years

JPMorgan’s $200M call exposes Africa’s debt crisis

A $200 million margin call by JPMorgan on Angola’s $1 billion loan has highlighted the risks of unorthodox financing methods African nations have increasingly turned to as their debt burdens grow. This latest move reveals the heavy costs of borrowing for African governments already grappling with soaring debt and political uncertainty. Angola, one of Africa’s largest oil exporters, is now facing mounting challenges due to the high costs of uncon…