Foreign debt, high oil prices hit East Africa markets

Global research firm Focus Economics has warned that emerging and frontier markets are at the risk of heightened volatility in their financial and equity markets and a sizeable currency depreciation in 2019, largely due to higher yields in the United States, increase in oil prices and increased exposure to foreign debt.

Moody’s says the debt burden of Kenya, Rwanda, Tanzania and Uganda is not good for credit quality.

Full article: The East African



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