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Demand for Africa’s sovereign debt on the wane

Image Credit: Reuters

With only $1.5 billion raised by 2 countries in 2015, and a pipeline of new deals threatened by rising borrowing costs, the Financial Times reports that demand for Africa’s debt has cooled as money managers around the world rebalance their portfolios in preparation for anticipated tightening by the U.S. Federal Reserve. However, some industry practitioners believe that sub-Saharan Africa is still better positioned to weather the coming market turbulence than other emerging markets.  

Read more at the Financial Times…

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