Klein says Eurobonds and infrastructure bonds bring together long-term investors such as insurance companies,  pension funds and asset managers “that tend to generate (once construction is completed) long-term and relatively easy predictable and stable cash-flows.”

“Strong and experienced contractors like Strabag could play a role as they can provide to the investors the security and certainty required that the infrastructure to be financed will be built and maintained to the standard required by the bond investors,” she adds.

Analysts predict an active year in Africa’s capital market as more countries are expected to issue sovereign and local infrastructure bonds to bridge gaps in their infrastructure budgets.

“We expect that 2013 should see a bumper crop of African sovereigns coming to market subject to continued benign market conditions,” Peter Sullivan, head of Citibank’s Africa public sector group was quoted saying in October.