Sub-Saharan bond issuers raised a record $30.8 billion during Q3, 2018, Ecofin Agency found out from concordant documents.
This segment of the financial markets involving the subregion was particularly animated by governments that are primary issuers notably because of liquidity needs to finance budget deficits in a context marked by ever decreasing revenues.
Financial institutions ($5.7 billion) and the energy sector ($2.3 billion) also greatly contributed to that dynamic.
South Africa was the country with an undisputed high volume of issuance with $9.3 billion. It was followed by Côte d'Ivoire ($8.3 billion), Angola ($3.5 billion) and Nigeria ($2.5 billion).
Let’s remind that the presence of Côte d'Ivoire in that list is partly due to its strong economic activity and also to interventions of the African Development Bank (AfDB) which was considered as an Ivorian issuer in the ranking because of the presence of its headquarters there.
With the tightening of borrowing conditions (for Africans) notably on the international bond market, Sub-Saharan issuers’ presence on this market should decrease. Indeed, figures from Q3, 2018 shows that from $13.1 billion in July, the zone’s issuance dropped to $7.2 billion in September.
Idriss Linge
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...
Senegal and Vietnam discussed digital tech cooperation on July 23. Talks support Senegal’s goal to become a digital hub and expand rural...
Mali approved a $238M World Bank loan to build key roads, including Sandaré-Diéma. Project boosts the Bamako-Dakar trade corridor and rural...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth inclusion. Developing these capabilities widely is...
New industrial and trade dynamics are emerging in Africa, driven by renewable energy. The REN21 network analyzes how these value chains could strengthen...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...
In southeastern Morocco, near the Algerian border, lies Merzouga—a small village at the heart of the Saharan desert, known for its monumental dunes and...