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Analysis > Analysis and Strategy

Debt raised in Africa in 2021 points to possible economic turnaround

PwC Africa
April 24, 2022, 10:24 a.m.

Word count: 608

Despite the ongoing health and economic impact of Covid-19 worldwide, PwC’s annual Africa Capital Markets Watch report shows that African markets have continued with a modest recovery through 2021, reflected in higher values of non-local corporate, sovereign and supranational debt raised during the year. Average issuances were larger than the prior year, with 94 issuances valued at $47.5bn (2020: 81 issuances worth $28.5bn).

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