veri blog

Local-currency bond markets in East and Southern Africa are experiencing a surge of interest from both domestic and foreign investors. Countries such as Kenya, Zambia, Tanzania, and Uganda are seeing strong demand in recent government debt auctions, marking a shift toward deeper local financing and reduced reliance on foreign-currency borrowing. Financial authorities and international institutions are seizing this momentum to broaden yield curves, improve market infrastructur

For more than a decade, African governments surfed a global wave of cheap money. From 2007 to 2024, annual sovereign bond issuance in Africa jumped from about US$70 billion to US$350 billion , while the stock of marketable bond debt ballooned from US$160 billion to US$730 billion . Add in domestic borrowing and loans from multilaterals, China and private lenders, and total public debt on the continent has risen more than fourfold to around US$2 trillion . In 2025, the bill is