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African governments say no. “The perception of risk continues to be higher than the actual risk,” argued Senegal’s President Macky Sall, speaking as chair of

They claim that pessimism about debt sustainability is unwarranted | Middle East & Africa

The African Peer Review Mechanism has called for Africa's own credit ratings agency.

Why investors have a huge appetite for African eurobonds Quartz 4 hrs ago A huge appetite for African eurobonds is spurring a wave of issuances in the continent. Benin saw its ratings outlook improve after successful eurobond issuances in January. In February, Côte d’Ivoire raised $1.03 billion in a eurobond sale which saw investors place orders for triple the amount offered. (The sale was a reopening of a eurobond sale issued in November, Africa’s first during the Covid-19 pandemic.) Now, Kenya is planning to use the debt instrument to raise $1 billion by June, and Ghana and Nigeria a...

A huge appetite for African eurobonds is spurring a wave of issuances in the continent. Benin saw its ratings outlook improve after successful eurobond issuances in January. In February, Côte d’Ivoire raised $1.03 billion in a eurobond sale which saw investors place orders for triple the amount offered. (The sale was a reopening of a eurobond sale issued in November, Africa’s first during the Covid-19 pandemic.) Now, Kenya is planning to use the debt instrument to raise $1 billion by June, and Ghana and Nigeria are also preparing their own issues. After a pandemic-induced lull in borrow...