Paradox of cheaper bonds in ‘unstable’ West Africa
Commercial lenders have generally retreated from lending to East Africa over the past few years, while increasing their loans to West African states. PHOTO | POOL
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
West African countries are recording an influx of investors as their East African peers continue to struggle to access financing from the international markets, even as all projections indicate more economic and political stability in the east.
Despite the political instability, coups and coup attempts, subdued growth, and economic turbulence in West Africa, investor sentiment on the region has improved over the past year, significantly dropping its Eurobond yields as East Africa continues to pay more for its sovereign debts.
