Zambia started a cash tender offer to buy back its $1.36 billion bond due in 2053, becoming the latest African nation to repurchase outstanding debt as governments seek to reduce their servicing costs.

Senegal has two interest payments on foreign-currency bonds due next month and while analysts expect them to proceed, they come at a tense political time in the West African nation ahead of talks with the International Monetary Fund.

Senegal’s dollar bonds fell sharply as investors digested days of political turmoil after the West African nation’s prime minister was fired and then swiftly returned to a position of power that could undermine President Bassirou Diomaye Faye.

Central African countries have no plans to devalue their common currency despite economic pressure caused by weak growth and low foreign-exchange reserves, according to Bank of Central African States Governor Yvon Sana Bangui.

Nigerian assets are rallying across stocks, bonds and the currency as investor confidence builds in President Bola Tinubu’s economic agenda.

Citigroup Inc. says central Africa’s monetary bloc should consider devaluing its currency, which is pegged to the euro, in order to boost economic growth and stem a slide in reserves.

Emerging-market equities posted the best month since 2022, fueled by rallies in Asian technology shares on optimism over artificial intelligence demand, even as oil supply shock persists amid a US-Iran standoff over the Strait of Hormuz.

Emerging-market currencies and stocks dropped Tuesday as concerns over investments in artificial intelligence and stalled peace talks in the Middle East sparked a flight to safety in global markets.

Kenya’s shilling is among the most vulnerable currencies in Africa, according to strategists at major banks, who predict further weakness as elevated oil prices pile pressure on the economy.

Fitch Ratings sees the possibility of a restructuring of Mozambique’s debt likely ahead of any new deal being secured with the International Monetary Fund.

Gabon’s dollar bonds sold off the most in more than a year after the International Monetary Fund’s latest report indicated the country is facing worse budget pressures than expected.

The Iran war is raising borrowing costs for African countries that are only just recovering from the post-pandemic shock that sent debt burdens soaring.

The Iran war is raising borrowing costs for African countries that are only just recovering from the post-pandemic shock that sent debt burdens soaring.

Kenya has spent nearly $1 billion of its hard-currency reserves since the war began, and is prepared to deploy more of its firepower to curb excessive weakness in the shilling, central bank governor Kamau Thugge said Thursday.

The Democratic Republic of Congo raised $1.25 billion from its first sale of dollar bonds, taking advantage of a ceasefire in the war between the US and Iran.

Mozambique’s dollar bonds fell to the lowest in almost three years after authorities gave the strongest signal yet of plans to seek restructuring talks with creditors.

Emerging-market stocks rallied the most since 2022 as optimism about a possible end to the war in Iran spurred appetite for riskier assets after a bruising month in global markets.

A gauge for emerging-market stocks registered its sharpest monthly decline since the pandemic in March 2020, as the Middle East conflict roiled markets and upended global energy shipments.

Mozambique bonds have overtaken Senegal as Africa’s most distressed sovereign debt, as the war in Iran puts fresh strain on the country’s fragile finances.

Mozambique’s dollar bond extended a selloff into an 11th day, pushing the country’s credit deeper into distressed territory, as the oil-price shock strains its already-fragile finances.