Sub-Saharan Africa is one of the last frontiers of the international bond markets. Concerns over political instability and a lack of transparency have traditionally deterred international investors from pursuing opportunities in the region. But that is beginning to change as risk premiums on larger emerging market issuers dwindle and buyers are forced to look elsewhere for higher returns.
Sub-Saharan Africa encompasses a range of economies, from low-income countries such as the Gambia, which has
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