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Is Congo’s debt market revival masking Africa’s next sovereign risk crisis?

The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Congo raised $2.48bn in six months despite weak ratings
  • Investors bet on gas revenues and debt refinancing strategy

 

BRAZZAVILLE, REPUBLIC OF CONGO – The Republic of Congo has raised about $2.48bn on international capital markets within six months, defying weak sovereign credit ratings and persistent debt distress concerns as investors continue piling into high-yield African debt.

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