April 12, 2024

Investors Focus on West Africa: Nigeria, Ivory Coast, Gabon, Senegal, Ghana

Investors in West African countries are enjoying the best returns on the continent, and are shifting money flows to a region that’s performed well despite coups, radical economic overhauls and debt restructurings.

Over the past year, holders of dollar bonds have made 8.5% in Ivory Coast, 8.7% in Gabon, 11.4% in Senegal, 14.2% in Ghana and 28.2% in Nigeria, all beating the 8.3% average for sovereign emerging and frontier countries in a Bloomberg index.

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