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The Many Unknowns of African Government Bonds


Until a few years ago, the financial markets for government bonds were almost precluded from the countries of Sub-Saharan Africa. Today, however, many states in this part of the continent are issuing sovereign bonds.

Until a few years ago, the financial markets for government bonds were almost precluded from the countries of Sub-Saharan Africa. Today, however, many states in this part of the continent are issuing sovereign bonds.

These countries obviously include Nigeria and South Africa, which boast the most developed capital markets in the macro region, but there is also a growing trend in bonds among the countries with levels of capitalization that are significantly lower than Sub-Saharan Africa’s two most developed economies.

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