From Angola to Zimbabwe: Guide to Key Africa Markets in 2018
For bond investors, Africa was a happy hunting ground last year.
Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust of three years ago.
But risks abound, among them policy tightening in advanced economies, local and global politics, weakening currencies and another fall in oil prices. And then there is credit risk.