"Go South, Young Man": The Africa Scramble

Via ZeroHedge:

Africa can create between $5 and $10 trillion in secured debt, using its extensive untapped resources as first-lien collateral.

"Go South, Young Man": The Africa Scramble | ZeroHedge

In the linked article above, the attraction of debt is the belief it leads to faster growth. Sellers of debt apparently are happy to go along.