David Rogovic News Today

The statement signed by the Treasury Cabinet Secretary further stated that the timely settlement of interests on Kenya's Eurobond sent a positive signal to investors.

Citi and Standard Bank were appointed in the public notice issued Sunday

Some experts have said that foreign investors may continue to avoid Nigeria into 2024 due to currency instability and other economic concerns

The payment would follow new loans, a move aimed at easing concerns that Kenya could default on the loan.

Yield on Kenya's inaugural 10-year Eurobond have almost tripled to 18.4 per cent

This means the government could fork out about $135.6 million in interest payment on the bond this fiscal year.

The global credit rating system is largely controlled by Fitch Ratings, Moody’s Investors Service and Standard & Poor’s, all of which are based in the US.

The sovereign-debt restructuring also bodes well for private holders of developing-market debt.

LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves...

Mauritius is hoping to parlay its record as a wealth haven and FDI magnet into a new, knowledge-based economy and financial hub for Sub-Saharan Africa.