Economists in Zambia have reacted positively at news that JPMorgan is set to launch its long-awaited "frontier" market local-currency government bond index by the end of September which will give investors a new benchmark for nearly $330 billion of debt across some of the world's fastest-growing economies.
Africa is said will receive almost 45% of the benchmark's total weighting. Egypt, Morocco and Nigeria are expected to be among the countries with the largest allocations while Angola and Zambia have also qualified, while other African participants are expected to include Kenya and Namibia.
For a perspective on this, Thambi Ngubeni spoke to Kelvin Chisanga, an economist based in Zambia.

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