Just one year after a total of $50 billion in debt relief was granted to many African countries as part of the G8 summit at Gleneagles in Scotland, several African sovereigns are actively considering accessing the international debt markets.
Some deals might even be done before the end of this year. “I know two or three sovereigns that are actively considering coming to the market,” Francis Beddington, head of research, central and eastern Europe, Middle East and Africa, at Standard Bank, told analysts and investors at the annual Emta summer forum held in London.
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