Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say
The credit ratings of most African nations are much lower than similar sovereigns elsewhere in the world, costing them billions of dollars in additional debt-service payments and denting vital economic...
By Jacqueline Simmons, Adelaide Changole · Bloomberg Markets
The credit ratings of most African nations are much lower than similar sovereigns elsewhere in the world, costing them billions of dollars in additional debt-service payments and denting vital economic growth, according to three of the continent’s top bankers.