Sub-Saharan Africa’s sovereign debt outlook

As global interest rates stabilise and capital flows begin to reorientate towards emerging and frontier markets, Sub-Saharan African issuers are navigating an evolving landscape shaped by fiscal consolidation, higher borrowing costs and unclear sovereign credit ratings. Against this backdrop, 2026 is expected to be a defining year for Sub-Saharan African debt issuance and investor engagement.

This virtual event brought together sovereign issuers from across Sub-Saharan Africa, alongside investors and financial intermediaries, to discuss the outlook debt capital markets in 2026.

The discussion examined key macroeconomic drivers, funding strategies and investor sentiment shaping the market in the year ahead. Participants also explored policy initiatives and market innovations that can enhance resilience, deepen liquidity and strengthen Africa’s position within the global fixed-income ecosystem.

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