African governments will turn to unconventional ways to meet financing costs expected to reach almost $83 billion next year, the highest level since 2021, according to BMI.
African governments will turn to unconventional ways to meet financing costs expected to reach almost $83 billion next year, the highest level since 2021, according to BMI.
More African countries are likely to issue foreign-currency debt in currencies other than the dollar and euro, BMI said.
Indexes for emerging-market assets declined as concerns persisted around AI-related stocks, and traders stepped back from boosting wagers on more Federal Reserve rate cuts following the latest US jobs data.
Indexes for emerging-market assets declined as concerns persisted around AI-related stocks, and traders stepped back from boosting wagers on more Federal Reserve rate cuts following the latest US jobs data.
Indexes for emerging-market assets declined as concerns persisted around AI-related stocks, and traders stepped back from boosting wagers on more Federal Reserve rate cuts following the latest US jobs data.
Indexes for emerging-market assets declined as concerns persisted around AI-related stocks, and traders stepped back from boosting wagers on more Federal Reserve rate cuts following the latest US jobs data.
Ivory Coast’s dollar-denominated bonds rose after Fitch Ratings Inc. upgraded the country’s debt, leaving it now just two levels below investment grade at all three major rating companies.
Ivory Coast’s dollar-denominated bonds rose after Fitch Ratings Inc. upgraded the country’s debt, leaving it now just two levels below investment grade at all three major rating companies.
Farmers drop off their cocoa bean harvest a community buying center in Daloa, Ivory Coast, on Thursday, Oct. 26, 2023. Cocoa prices are at an all-time high as production in West Africa declines. Now an EU regulation meant to stop deforestation threatens to push prices even higher.
Mozambique bonds were among top performers in emerging markets after the country’s president said he expects to secure a new International Monetary Fund funding program early next year.
Mozambique bonds were among top performers in emerging markets after the country’s president said he expects to secure a new International Monetary Fund funding program early next year.
A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing currency against the dollar alongside the cedi.
A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing currency against the dollar alongside the cedi.
Currency notes wrapped in a currency trader’s cabin at a market in Kinshasa, Democratic Republic of Congo.
A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing currency against the dollar alongside the cedi.
A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing currency against the dollar alongside the cedi.
Currency notes wrapped in a currency trader’s cabin at a market in Kinshasa, Democratic Republic of Congo.
Zimbabwe doesn’t intend to completely wean itself off utilizing the US dollar, even as it moves toward adopting the ZiG as its primary currency by 2030.
Zimbabwe doesn’t intend to completely wean itself off utilizing the US dollar, even as it moves toward adopting the ZiG as its primary currency by 2030.
A twenty ZiG banknote at a market in Harare, Zimbabwe.
Zimbabwe will introduce a new royalty structure for gold miners as the mineral-rich southern African nation seeks to cash in on a surge in the price of the metal.
Zimbabwe will introduce a new royalty structure for gold miners as the mineral-rich southern African nation seeks to cash in on a surge in the price of the metal.
The central business district of Harare. Photographer: Cynthia R Matonhodze/Bloomberg
Zambia’s dollar bonds rose after S&P Global Ratings ended its default rating for Southern African country, five years after it became the continent’s first pandemic-era sovereign defaulter.
Zambia’s dollar bonds rose after S&P Global Ratings ended its default rating for Southern African country, five years after it became the continent’s first pandemic-era sovereign defaulter.
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