[Webinar] Anti-Africa Bias: Does Presumed Risk Color Investment?

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Published Jul 23, 2020

Argentina, the world’s most notorious serial defaulter, was able to borrow from international investors with no repayment required for a century. Three years on, that bond is worth a fraction of its issue price as the country heads for its ninth default. By contrast, oil-rich Angola, which hasn’t defaulted since the end of its civil war in 2002, was charged a higher rate for its shorter-dated debt last year.

It’s just one example of the added risk presumed by investors that penalises African governments and companies with higher borrowing rates. And, despite the continent’s relatively exemplary record in tackling the Covid-19 pandemic, presumed risk of default is also the lens through which creditors are entering talks on debt relief.

In the latest in our series of online discussions, we probe the risk bias against Africa and ask the inevitable question: is prejudice infecting capital markets?

Leading our discussing is an eminent panel of speakers:

Kojo Annan, Founder of Made In Africa & Africa10
Christophe Charlier, ex-Chair of Renaissance Capital
Fulu Mudau, Deutsche Bank
Michael Nderitu, AZA

Opening remarks & moderator: Boason Omofaye, New Markets Media & Intelligence

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[Webinar] Anti-Africa Bias: Does Presumed Risk Color Investment?

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