Africa is a “land of opportunity” and could be one of the main beneficiaries if the U.S. and China make more progress on trade talks, said Bank of America strategists including London-based David Hauner. NewYear2020 busrep
The continent’s sovereign dollar debt has generated total returns of 20% since the start of 2019, more than any other region in emerging markets. Local bonds have also performed strongly. Egyptian pound and Nigerian naira bonds each returned more than 30% in dollar terms.
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