How investors price risk across Africa’s diverse markets
Semafor reports that the head of the World Bank’s private-sector arm says investors “absolutely” overprice risk in Africa, pushing up borrowing costs.
TLDR
Investors treat dozens of diverse African markets as a single investment story, the head of the World Bank’s private-sector arm argues, according to Semafor. He says that approach inflates borrowing costs across the continent and that investors “absolutely” overprice risk.
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