Absa eyes Botswana's 'opening' debt market

In an interview with Reuters, Stephen van Coller, the new chief executive of Absa group's investment banking arm says they have noticed a positive development in debt markets in Botswana and other countries that have managed to handle the recession well.

"We've seen debt capital markets starting to open up in Botswana, Kenya, Tanzania and Nigeria," van Coller says. "There's actually been quite a lot of interest because the yields are quite good and I think people are seeing emerging markets as handling the recession better."