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African governments look to Islamic finance after Benin sukuk success

Benin's Islamic bond sale is encouraging other African states to consider sharia-compliant financing, after ​robust demand highlighted the potential to diversify funding and attract a broader investor base, advisers and analysts said. Rothschild's Gatien Bon, ⁠who advised the West African country on its international bond sale, described the sukuk issuance as a "turning point" for ⁠African sovereign ‌borrower [...]