Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]
The Ugandan government is under pressure to bring an escalating Ebola outbreak under control, with health experts saying its response to the outbreak has been slow and inept, allowing infections to spread. Health Minister Jane Ruth Aceng announced last Wednesday that six schoolchildren in Kampala have tested positive for the virus, bringing the number of […]
Reports of a pipeline explosion in Libya sent oil prices soaring to $60 a barrel, that is a two-and-a-half year highs. The blast reportedly sidelined 90,000 barrels a day of supply in a country that produced 973,000 barrels a day in Novem-ber. A Libyan military source said earlier that armed men had planted explosives at […]
