LAST WEEK IN AFRICA: U.S.-Central Africa Dispute & Bond Market Challenges

U.S.–Central Africa Dispute
U.S. lawmakers are pushing to block IMF support for Central African countries over a dispute involving $5–10 billion in environmental funds tied to oil projects in the Congo Basin. The concern centers on transparency and potential mismanagement of funds meant for carbon offset initiatives. If passed, the proposal could affect nations like DRC and Gabon, which rely heavily on IMF assistance.

Bond Market Challenges
African sovereign bond sales have slowed in April as global trade tensions and U.S. tariffs raised investor caution. Yields in several countries have climbed above 10%, making it more costly to borrow. This trend reflects fears over debt sustainability and reduced access to international capital.