African Infrastructure Boom to Boost Syndicated-Loan Growth

Sub-Saharan Africa’s infrastructure boom will probably draw increased interest from investment banks and commercial lenders, underpinning growth in syndicated loans, the Loan Market Association said.

The annual amount of credit in the region organized by groups of lenders grew to $17.7 billion last year from $11.2 billion in 2011, according to data compiled by Bloomberg. Syndicated loans total $19.6 billion in the year to date, the data show.