‘Contagion’ beckons as credit crunch mutates into systemic threat


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Issue 147 - 05 Oct 2008 | 7 minute read

Crisis, what crisis? With ground-breaking deals such as Kenya’s Rabai IPP and Nigeria’s Lekki toll road set to reach financial close, and some bankers still expressing excitement about the deal flow in Angola, Nigeria and South Africa, it would be tempting to believe that emerging sub-Saharan Africa (SSA) can avoid the credit crunch, continuing to mobilise private capital to build the infrastructure it so badly needs.

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