Kenya now makes U-turn on $2b Eurobond buyback plan
This means the government could fork out about $135.6 million in interest payment on the bond this fiscal year.
Source: theeastafrican.co.ke
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UNCTAD reveals how rating agencies push Africa to pay more on loans
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.
Source: theeastafrican.co.ke
Zambia Debt Deal Could Be a Template for Future Cooperation Between China and the West
The sovereign-debt restructuring also bodes well for private holders of developing-market debt.
Source: marketwatch.com
The big default? Dozen countries including Pakistan in danger zone - World
LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves...
Source: brecorder.com
Mauritius: Small But Nimble | Global Finance Magazine
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.
Source: gfmag.com