African countries are bad at issuing bonds, so debt costs more than it should: what needs to change
Misheck Mutize, University of Cape Town Over the past two decades, African countries have increasingly turned to international capital markets to meet their development financing needs. For example, Kenya and Benin raised a combined US$2.5 billion through bond issuances during the first half of 2025. Proceeds were used to repay maturing bonds. This