Morocco’s King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent’s inclusive development.

Non-resident holdings of South African domestic government debt are somewhat high, S&P Global said in its African domestic debt report, adding that this exposes the sovereign to shifts in foreign investor sentiment.

Ghana’s 55% debt as a proportion of gross domestic product (GDP) target for 2028 does not appear feasible, S&P Global Ratings said in an African Domestic Debt report.

The South African government’s projection that government debt/GDP will rise to 77.7% in the fiscal year ending March 2026 (FY26) is broadly in line with Fitch Ratings’ forecasts.

Zambia’s agreement with Eurobond holders could reduce the country’s debt default risk, according to Fitch Ratings. The authority is striving to boost fiscal performance and drive economic growth following its debt default that locked out the country from external financing.

Fitch Ratings has upgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below.