Credit ratings matter a great deal to South Africa's economy. The financial sector is very large for a country of its size. (Photo/ Flickr/ Frereike)

Africa’s Total Debt Outstanding By Country: Zimbabwe Still In A Very Tight Spot

Sovereign debt is being watched carefully across Africa as a prolonged commodity markets slump and a stronger dollar makes it more difficult for governments to keep up with their repayments.

In 2015, many governments dipped into their reserves and pumped dollars into the market to support their respective currencies (Photo/ Flickr/ Abbyflatcoat)

Foreign Currency Reserves In Africa, End-2015; Some Are In Tatters

Though the majority of African countries are in the clear, for those that are not, the data shows there is little relationship between national savings and national wealth, economic size, growth rates, or political stability.