African governments are continuing to raise funds successfully from international capital markets, as demand for African debt remains resilient despite fears that the conflict in Iran would curb investor appetite.
An executive at Citibank recently noted that the volume of African sovereign bond deals it has worked on has increased by more than two-thirds in 2026, with the bank saying it has helped African governments raise a combined $6.2bn in debt - about 70% more than the same period in 2025.
Leo Morawiecki, emerging market debt investment specialist at Aberdeen Investments, tells African Business that the economic ramifications of the war in Iran have - at least not yet - proved to be as bad for Africa as previously feared.
He notes that "we have seen very few second-order effects from the Iran war. There has been an increase in food and energy prices, but this has not led to a big spike in inflation across other parts of the consumption basket."
Originally published by African Business.