It is – loosely speaking – the one-year anniversary from when African eurobonds began to feel the full force of the coronavirus pandemic. Although global markets began to weaken towards the end of February, we date the fall in Sub-Sharan Africa (SSA)...

The IMF released a statement after its virtual mission, which was held from 11 February to 3 March, saying that "significant progress has been made and discussions are expected to continue in the next few weeks, following additional technical work on...

In this report, we examine Airtel Money’s KPIs, assess its contribution to Airtel Africa, and compare it with EM payments peers. Airtel Money offers digital payments, microloans, savings products and international money transfer services in 14 Africa...

Since Zambia entered default on 13 November, it has made little to no progress towards resolving its debt crisis. We therefore think a program will not materialise anytime soon, which will continue to keep Zambia’s creditors from the negotiating tabl...

We've seen a record number of sovereign defaults on bonded (external) debt this year according to our records, at least in terms of recent history, although it was becoming obvious we were heading for a record even by the middle of the year. Second, ...

By the close of business today Zambia could become the fifth country globally and first in sub-Saharan Africa to default since Covid began. In addition, the government budgeted for eurobond payments in 2021 in case the standstill is rejected, creatin...