Nations in Sub-Saharan Africa have been locked out of international debt markets for 22 months now, and investors increasingly are betting the drought will soon end as countries seek funding for a slew of principal payments coming due this year and next.
South Africa is due to repay $1.5 billion in bonds this month, while Kenya has a $2 billion maturity in June.
For more information, please see https://www.moneyweb.co.za/news/economy/south-africa-is-due-to-repay-1-5bn-in-bonds-this-month/
