By Tosin Sulaiman JOHANNESBURG, Aug 18 – Nigeria looks set to overtake South Africa as the continent’s biggest issuer of local government debt with a planned $650 million auction by one of its states in October, but sub-national bonds remain far off for much of Africa.
Tag: africa money
A long way to run for frontier African yields
AFRICA MONEY-A long way to run for frontier African yields By Ed Cropley, African Investment Correspondent JOHANNESBURG, May 26 – Kenyan debt yields have spiked sharply higher across the curve in the past week but they remain way below inflation, suggesting foreigners are going to be staying well clear for the time being.