Gabon has become a top performer in emerging sovereign bond markets, buoyed by expectations that an International Monetary Fund program will help it avert a debt restructuring.

Most emerging-market currencies gained on Tuesday, rebounding from an earlier selloff amid optimism the US and Iran are nearing a deal to restart peace talks.

Foreign investors shunned Nigerian stocks this year, choosing to focus on fixed-income assets, missing out on a 66% rally that made the market the world’s best performer.

The South African rand slumped after the central bank defied expectations by leaving interest rates unchanged to support economic growth and revised its inflation forecasts lower.

The world-beating rally in Zambia’s bonds is likely to extend if President Hakainde Hichilema decisively wins next month’s elections, according to Citigroup Inc.

Coronation Asset Management Ltd., which oversees $47 billion, has trimmed its exposure to chipmakers and increased its allocation to India, as expectations for artificial intelligence stocks have risen to levels that are nearly impossible to beat.

Holders of Senegal’s dollar bonds could end up recouping less than 50% of the face value of the securities in the event of a restructuring — below the prices at which the debt currently trades, according to Citigroup Inc.

Citigroup Inc. said the political rupture between Senegal’s president and his former premier has increased the likelihood of a debt reprofiling rather than a restructuring.

Nigerian equities have overtaken South Korea’s to hand investors the highest dollar-based returns this year, as souring sentiment on artificial-intelligence stocks pushes the Asian nation’s world-beating rally into bear territory.

A selloff in Indonesian assets that accelerated during the Iran war has created a buying opportunity, prompting a South African money manager with $29 billion in assets to enter the market.

Most developing-world currencies rallied on Thursday after weaker-than-expected US employment data prompted investors to scale back bets that the Federal Reserve will raise interest rates as soon as this month.

The Democratic Republic of Congo is drawing up plans for its first stock exchange as it seeks to attract more investment to an economy that’s benefiting from soaring demand for minerals critical to the artificial intelligence buildout.

The Democratic Republic of Congo is drawing up plans for its first stock exchange as it seeks to attract more investment to an economy that’s benefiting from soaring demand for minerals critical to the artificial intelligence buildout.

A gauge for emerging-market currencies fell Wednesday, erasing its gains for this year as speculation over higher US interest rates fueled a resurgence in the dollar.

Ethiopia’s creditors took a swipe at the International Monetary Fund’s handling of the nation’s debt-restructuring process, describing the past two years of discussions as “poorly” managed.

Kenya and Democratic Republic of Congo are among the top performing African debt markets this month, as tumbling crude prices lure investors back to securities issued by oil importers.

Ethiopia’s latest special auction has pushed dollar sales this year above the $2 billion mark, as authorities step up efforts to support the birr and narrow the gap between the official and parallel-market exchange rates.

Zambia’s world-beating local debt may be poised for further gains after the government’s success buying back a potentially costly dollar bond.

Senegal made payments to bondholders ahead of schedule on two of its foreign-currency notes as the West African nation prepares to host the International Monetary Fund for talks on a new program later this month, according to people familiar with the matter.