You are here

Untapped continent

Bankers are jockeying for the next sovereign debt in Africa, shedding long-held wariness of the region

The sovereign debt market is booming in Africa, with sub-Saharan countries raising nearly US$7 billion so far this year - more than in all of 2013, according to Dealogic, a market research firm.


FIVE men in dark business suits gathered before Maria Kiwanuka in a semicircle. They were international bankers and they had a pitch to make.

Ms Kiwanuka, Uganda's finance minister, was sitting up on a small riser, her bright pink and gold dress a sharp contrast to the men's...

Market voices on: