{"id":628636,"date":"2018-05-09T04:19:01","date_gmt":"2018-05-09T04:19:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/"},"modified":"2018-05-09T04:19:01","modified_gmt":"2018-05-09T04:19:01","slug":"are-african-countries-overstraining-themselves-with-foreign-debt-issuances","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/","title":{"rendered":"Are African countries overstraining themselves with foreign debt issuances?"},"content":{"rendered":"

<\/a> Are African countries overstraining themselves with foreign debt issuances?<\/strong> With African countries offering some of the world\u2019s highest bond yields, there have been growing concerns about debt-service costs, particularly as their currencies fall against the USD, African Development Bank (AfDB) President Akinwumi Adesina tells Bloomberg in an interview<\/a>. While high interest rates are attractive for outside investors, several African countries are failing to take into consideration the \u201cextent\u201d of their debt load.<\/p>\n

African issuers are paying a premium compared with other EM: <\/strong>\u201cUSD bonds sold by African governments now yield 6.91% on average, compared with 5.66% in early January\u201d according to Standard Bank Group data. \u201cThat compares with 6% for emerging markets generally.\u201d African countries, including Egypt, Kenya, Nigeria, and Senegal, have already sold USD 18.3 bn-worth of EUR and USD denominated bonds this year, \u201calready beating full-year records.\u201d Adesina suggests that to raise funds, some African nations should consider more local currency issuances to bypass the problems presented by a weak exchange rate when repaying the debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are African countries overstraining themselves with foreign debt issuances? With African countries offering some of the world\u2019s highest bond yields, there have been growing concerns about debt-service costs, particularly as their currencies fall against the USD, African Development Bank (AfDB) President Akinwumi Adesina tells Bloomberg in an interview. While high interest rates are attractive for […]<\/p>\n","protected":false},"author":1,"featured_media":628637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[72,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-enterpriseam","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"f5e86927-a966-490f-8cf1-2ddd7d036a60","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/5\/1759.jpg","photo_position":"above","related_issue":[628613],"teaser":"","voice_url":""},"yoast_head":"\nAre African countries overstraining themselves with foreign debt issuances? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are African countries overstraining themselves with foreign debt issuances?\" \/>\n<meta property=\"og:description\" content=\"Are African countries overstraining themselves with foreign debt issuances? With African countries offering some of the world\u2019s highest bond yields, there have been growing concerns about debt-service costs, particularly as their currencies fall against the USD, African Development Bank (AfDB) President Akinwumi Adesina tells Bloomberg in an interview. While high interest rates are attractive for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-09T04:19:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1759.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Are African countries overstraining themselves with foreign debt issuances?\",\"datePublished\":\"2018-05-09T04:19:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1759.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"THE MACRO PICTURE\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/are-african-countries-overstraining-themselves-with-foreign-debt-issuances\/\",\"name\":\"Are African countries overstraining themselves with foreign debt issuances? 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Africa currently isn\u2019t facing a debt crisis, but governments seem to be avoiding negotiating more favorable terms for eurobond issuance and commercial loans.\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569332,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/fears-rise-as-african-governments-amass-record-breaking-debt\/","url_meta":{"origin":628636,"position":1},"title":"Fears rise as African governments amass record-breaking debt","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"African governments amass record-breaking debt, raising concerns on repayment: African countries have amassed FX-denominated sovereign debts at a record rate over the past few years, fueling concerns that some governments will struggle to repay these debts as they mature during the next decade, reports the Financial Times. 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