South African Reserve Bank Governor Lesetja Kganyago said the rand has held up well despite the shock caused by the Iran war, reflecting more confidence in the country’s economic outlook.

Kenya’s central bank Governor Kamau Thugge said the timing of a new International Monetary Fund program is hard to predict as the two sides hash out the details.

The International Monetary Fund nudged up its forecast for economic growth in sub-Saharan Africa, but said it stands ready to help if geopolitical challenges put the region under undue strain.

Zambia said Chinese buyers of its copper exports will start paying for some of their metal purchases in renminbi from next year, part of a growing move among African nations to use the Chinese currency instead of the dollar.

Senegal’s push to fast-track its debt restructuring is winning bondholder support, as the nation races to secure a deal before the end of the year.

Zambia’s state mining firm and Abu Dhabi’s International Resources Holding reaffirmed their commitment to working together, following allegations of funding breaches at their jointly-owned Mopani copper complex.

Senegal’s year-end target to finalize a deal with the International Monetary Fund and reach a debt-relief agreement with bondholders is already facing delays, according to people familiar with the situation.

Zambia trimmed its growth forecasts for the next two years due to the mounting economic threat that El Niño poses to the copper-rich nation, as well as the prolonged impact of the Iran war.

A newly formed borrowers’ collective of developing countries elected Pakistan to chair it as the group faced what United Nations Secretary-General António Guterres called “a perfect storm.”

The Common Framework is in focus as finance chiefs gather in Bangkok.

Senegal’s issue of a controversial swap could complicate its debt restructuring, according to S&P Global Ratings.

Some governments in need of money have been turning to an obscure financial product typically used by hedge funds, exposing bond investors to new risks.

Gabon’s dollar-bonds are the worst performers in emerging markets this week after the government held a series of investor calls on plans to sell new securities, raising questions about its disclosure of debt levels and sending yields soaring.

Mozambique’s new central bank governor, Felisberto Navalha, announced measures aimed at boosting foreign exchange supply in the southeast African nation that’s been struggling with shortages for months.

South Africa told the Paris Club that it won’t seek full membership of the group of mostly rich-nation creditors, as it focuses on its involvement in a United Nations-backed coalition of borrower countries instead.

A Zambian state firm has accused Abu Dhabi’s International Resources Holding of breaching agreements under which the Emirati company acquired control of the Mopani copper mining complex in early 2024.

Zambia expects its economy to expand by 6% next year, the fastest pace since 2021, with copper output in Africa’s second-biggest producer of the metal set to surpass 1 million tons, the finance ministry said.

Zambia will return to allowing open access to the land-locked nation’s sole fuel-import pipeline by January, a senior official said, suggesting a delay to meeting a key ask from the International Monetary Fund.

Moody’s Ratings cut its assessment of Mozambique’s creditworthiness deeper into junk, citing increased risk that the gas-rich southeast African nation will restructure its sole eurobond.

Senegal has been at the front of emerging-market bond investors’ minds since the government discovered billions of dollars of hidden debt two years ago.