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Africa Credit Markets Brief: June 2 – June 15

Afreximbank closed a US$1.2bn loan – Cote d`Ivoire issued international bonds – Ghana’s inflation fell -Kenya to sell T-bills – VTB ready to work with Mozambique on debt restructuring – Namibia is struggling to repay a debt to EDF – Zenith’s Eurobond is oversubscribed – Nigeria to sell local sukuk – Moody’s downgraded South Africa’s credit rating, banks and insurers – Swaziland is looking to secure loan from Taiwan – Tanzania’s Central Bank announced new rules for capital conservation – Tunisia secures loan from the World Bank – IMF may grant Zambia a credit facility – Zimbabwe to issue a three-year bond

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