Africa debt appetites, maggot hub, startup expansion ...Middle East

Hi Quartz Africa readers,Investors can’t get enough of Africa’s debt.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.Read the rest of this story on qz.com. Become a member to get unlimited access

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Last updated : 18 April 2021 clock 11:46 AM

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Africa debt appetites, maggot hub, startup expansion ...Middle East

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