In Sub-Saharan Africa, Côte d'Ivoire was the most active country on the bond market during the first half of 2018. Overall, bond issuances from WAEMU’s economy driver reached $6.27 billion.
This figure is far above South Africa’s major issuances which stood at about $4.69 billion, ahead of Angola ($3 billion) and Nigeria ($2.5 billion), ranked third and fourth, respectively. Over the period reviewed, bond issuances from SSA reached a total of $23.5 billion.
This represents the highest first mid-year level since 2000. Governments accounted for $20 billion and most of the operations were carried out on the world market.
In terms of single issuance, Angola (despite its economic challenges) was atop operations, mobilizing $3 billion over the period. It is followed by Nigeria ($2.5 billion), Senegal ($2.2 billion) and Côte d'Ivoire (2 billion $), with euro being the main loan currency.
In a still-struggling economic context marked by significant financial needs, sub-Saharan Africa would further increase bond issuances in 2018. This situation of debt acceleration, particularly for States worried the International Monetary Fund (IMF).
Idriss Linge
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Côte d’Ivoire prioritizes domestic natural gas for electricity generation over exports. Power demand grows 10%–15% annually, driven by domestic...
Ghana and Sierra Leone signed six memorandums of understanding and one cooperation agreement across strategic sectors. The partnership aims to...
Authorities suspended the roaming use of Starlink kits that do not comply with national regulations. The government cited security, traceability,...
Mali approved the creation of an annual national AI forum to drive youth employment. Authorities aim to connect training, innovation, and...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...