Africa could be losing up to $4.2 billion annually in interest payments on its loans primarily due to stereotypical narratives that dominate global media coverage of the continent.
The media’s portrayal of Africa has long been dominated by persistent stereotypes. This report explores the economic consequences of such biased reporting by examining the relationship between media bias in election coverage and its impact on financial flows.
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US$4.2 Billion
How much Africa could be losing annually in interest payments due to stereotypical and negative narratives in global media15% vs. 2.5%
Bond Yield Disparity. African countries consistently face higher bond yields, with Egypt having an average bond yield of 15%, compared to Thailand’s 2.5%88%
of global news articles about Kenya carry negative sentiment, affecting their ability to attract investmentsAfrica No Filter is an advocacy organisation that is shifting stereotypical narratives about Africa through storytelling that reflects a dynamic continent of progress, innovation, and opportunity. The donor collaborative is funded by Ford Foundation, Bloomberg, Andrew W. Mellon Foundation, Luminate, Open Society Foundations, Comic Relief, the Hilton Foundation, the British Council and Hewlett Foundation. www.africanofilter.org
Africa Practice is a mission-led strategic consulting firm advising investors and development partners across the African continent. The firm operates from nine hub offices, supplying insights and advocacy solutions to corporations, investors, governments and foundations, enabling them to see more clearly, engage with confidence and unlock value to drive sustainable and equitable development. www.africapractice.com