How lower American interest rates will boost Africa

Egypt is gearing as much as return to worldwide debt markets for the primary time in three years. Final week Ahmed Kouchouk, the nation’s finance minister, is reported to have informed traders that his authorities is hoping to lift round $3bn in exterior debt over the approaching months. A lot of this borrowing will take the type of so-called Eurobonds, one of many world’s worst-named monetary devices.