Africa’s corporate debt markets remain underdeveloped, according to the OECD. The organisation reported that outstanding market-based debt in the continent totaled only $211 billion at the end of last year. This figure is far below the economic size and growing financing needs of Africa. The OECD noted that the corporate debt market is too small to support the continent’s economic weight. The gap highlights a challenge for African economies seeking to expand and develop. The report underscores the need for more robust financial infrastructure. The findings come as Africa continues to grow economically. The OECD called for increased investment in corporate debt instruments. The report aims to guide policymakers and investors. The situation reflects broader challenges in financial development. The findings are part of a global assessment of financial markets. The report was released on Friday. The OECD’s analysis focuses on market depth and accessibility. The data shows limited access to corporate debt for many firms. The report warns of potential risks for economic growth. The findings are based on recent market data. The OECD recommends strategies to improve market depth. The report does not mention specific countries. The findings are part of a larger study. The report is intended to inform future policy. The analysis highlights the need for better financial tools. The report is a call for action. The findings are relevant to investors and governments. The OECD’s assessment is based on comprehensive data. The report is a key reference for financial planning. The findings are a wake-up call for African economies. The report is a step towards better financial development.