The 10 African Markets to Watch in 2020

  • Africa’s Eurobonds are the best performers in emerging markets
  • Next year, investors face risks from devaluations to defaults
Photographer: Adrienne Surprenant/Bloomberg
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Global bond traders who ventured into Africa this year have reaped rich rewards.

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.