Africa faces an $11B+ Eurobond maturity wall in 2026–27, but the risk is not evenly distributed.
🔴 The real alarm bell is Senegal: a hidden debt scandal has pushed public debt to 132% of GDP, Eurobond yields have hit 20%, and ~$485M falls due in March 2026 alone.
🔴 Ghana is paying on schedule post-restructuring, but faces escalating pressure in 2027–28 as principal repayments ramp up.
🟡 Egypt carries the largest absolute burden, yet has the financial backing to manage it.
🟢 Nigeria's Eurobond exposure is light, but the real crisis is that over 80% of government revenue goes to debt servicing on ~$51B in domestic debt.
Ghana restructured, Nigeria is managing, Egypt has backing, yet Senegal shows how fast things can unravel. What's the most underrated risk in African debt markets right now? Share your expert insights below
[Data In Image]
Sources: Ghana Ministry of Finance (2025); IMF World Economic Outlook, Oct 2025; Bloomberg, Feb 2026; S&P Global Ratings, Nov 2025; Finance for Development Lab (2026); World Bank Africa Pulse, Oct 2025; CBonds; IMF Ghana Staff Country Report, Dec 2024.
About Les Africanistes: We provide market intelligence and business insights for companies operating across African markets, combining local expertise with global investment perspectives. If you are seeking more personalised insights or new partners in Africa.
Book a Consultation: https://lesafricanistes.com/#book-consultation
Subscribe to our Newsletter: https://lesafricanistes.com/#subscribe