Sub-Saharan Africa returns to financial markets two years later

According to the American financial rating agency Standard & Poor’s, the return of Côte d'Ivoire to the markets, with the issuance of debt, at the beginning of January this year, may set a precedent for other Eurobond issuances in the region. Conditions may vary by country, depending on economic performance, growth prospects, fiscal consolidation, and implementation of economic reforms. In the case of Côte d'Ivoire, one of the most advanced financial markets in sub-Saharan Africa, the funds obtained were destined for sustainable projects, such as infrastructure, employment, and renewable energy. 

The issuance of $2.6 billion, with an interest rate of approximately 8% per year, recorded a record demand, exceeding $8 billion and demonstrating continued investor interest in the country's debt. 

The Oporto Forte Group, with a presence on 4 continents and in more than 10 countries, including the African continent, congratulates the milestone achieved by sub-Saharan Africa in the financial markets.  

If your company is interested in doing business in Africa: 

Contact us! 

Source: Sub-Saharan Africa returns to financial markets after two years - Forbes Africa Lusofona (forbesafricalusofona.com)