Citigroup Sees Window for African Borrowers Before Fed Rate Rise | White & Case LLP International Law Firm, Global Law Practice
Citigroup Sees Window for African Borrowers Before Fed Rate Rise

Citigroup Sees Window for African Borrowers Before Fed Rate Rise

Sub-Saharan African nations sold a record $9.2 billion of Eurobonds last year, $2.5 billion up from last year, Bloomberg reports. The International Monetary Fund expected that the economy will expand 4.5 percent in 2015, a faster pace than any other region aside from developing Asia. According to White & Case, investors have also been attracted by Africa's high growth rates, fueled by a young population and investment in infrastructure. "The reason everyone is so focused on Africa is that it is a land of opportunity," partner Stuart Matty said. "When you have a significantly youthful population, you tend to see growth."