Karin Strohecker

The fervour around the initial public offering of ​Nigeria's Dangote mega-refinery could help deepen Africa's capital markets and unlock funding for everything from roads to ports, ‌a senior Citi executive told Reuters.

With Uzbekistan open for business, investors watch reform staying power

Pakistan will seek an expansion of its 30 billion yuan swap line with China when the facility expires in 2027, Finance Minister Muhammad Aurangzeb said, adding he expects a U.S. response on a proposed $10 billion exchange stabilisation ​facility within two months.

Angola is seeking to open its $18.6 billion ​domestic government bond market to foreign investors, Finance Minister Vera Daves de Sousa told Reuters, as the oil producer looks to broaden ‌its funding base and deepen local capital markets.

Senegal is expected to appoint Lazard as its financial adviser on debt matters, according to three sources familiar with the situation, as investors closely watch the country's efforts to tackle its debt ​burden.

Venezuela is seeking to push through in record time one of the most complex debt restructurings ever attempted, with claims approaching $200 ​billion, even as the country's recovery is set back by devastating earthquakes killing thousands of people.

Senegal has formally kicked off a selection process to hire a financial adviser on debt ​matters, two sources told Reuters, as investors closely watch how the ‌country plans to tackle its debt burden.

Increasingly ​complex debt in the world's emerging markets could raise borrowing costs and delay debt restructurings, ‌advisory firm Lazard said on Thursday.

When interim Venezuelan President Delcy Rodriguez's administration announced the oil-rich country was embarking on an overhaul of its more than $150 billion in debt, it committed to transparency, an approach that would mark a break with previous governments.

Venezuela launched a comprehensive public debt restructuring on Wednesday, but still faces major hurdles to pull off one of the largest and most complex sovereign reworks on record.