Credit rating agency Moody's Investors Service could upgrade Mauritius.
The emirate is looking to raise billions of dollars to build infrastructure ahead of the 2020 World Expo
Nigeria made a barn-storming return to the US dollar bond market on February 9 when it defied expectations and shaky fundamentals to print below 8% yield on a book that almost hit US$8bn.
After recovering from civil war, Côte d’Ivoire had been a bright spot amid growing gloom in Sub-Saharan Africa
The revelation that Mozambique had not disclosed US$1bn of debt underscores the governance challenges in Sub-Saharan Africa that are undermining investor confidence amid a commodity and currency rout.
The rapid rise in hard currency public sector debt in emerging market countries is combining with the weakening of EM currencies to create substantial economic and credit rating risks, Fitch has warned.