What is Citigroup's reported growth in African sovereign bond deals in 2026 compared to the same period last year, and which countries have recently accessed these markets?

Citigroup reported a 70% increase in African sovereign bond deals in 2026, raising $6.2 billion so far this year—up from approximately $3.65 billion in the same period last year—and exceeding the $7.3 billion it arranged in all of 2025. According to Akin Dawodu, Citi’s head of sub-Saharan Africa, nations including Kenya, Angola, and Ivory Coast have successfully tapped the market, aided by declining yields, a weaker dollar, and risk-on investor sentiment; Citi has been the lead arranger for every African sovereign transaction in 2026 except Angola’s.

Beyond sovereign debt, what major infrastructure projects in Africa has Citigroup supported recently, and in which countries?

Citigroup has supported several major infrastructure financings across Africa: a £746 million ($1 billion) UK Export Finance-guaranteed loan for the redevelopment of Nigeria’s Lagos Port Complex and TinCan Island Port Complex; appointment as lead arranger for a €2.7 billion railway linking Kampala (Uganda) to the Kenyan border; and backing the U.S. Export-Import Bank’s first Africa digital-sector financing guarantee—worth over $100 million—for a national data center and government digitization program in Ivory Coast.

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FAQ