Features by Sub-Saharan Africa
Will interest taper off?
Africa’s sovereigns had been exploiting a flood of money competing for little new paper, until tapering talk caused a sharp pullback. Yields are still attractive, but investors will now be taking a closer look at, and be more demanding of, developing nations before committing their dollars.
Investors are always looking for something shiny and new, usually an asset class where rewards are bigger and ultimately…