Lower growth and higher rates will weigh on African issuers
Moody's Talks - Emerging Markets Decoded
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The Rise of Corporate Center in Africa
Localization is massive currently on the continent. The disruption to the COVID supply chains really created a mini boom or a reassessment of how they do these things. You're seeing spaces in Kenya where they're saying, okay, if we can't deal with the rest of the world, then we need to deal with ourselves. And I think the trade agreements that we've seen in Africa is kind of the sharp point of that as well.
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