Ivory Coast has issued $221 million in bonds to finance its infrastructure development as President Alassane Outtara eases into his third term in power. The auction includes $148.2 million in seven-year bonds at a 5.80% rate and a $74.1 million 10-year bond at 5.9%, said the lead manager from Sogebourse. The bonds which will be…
Mozambique will receive a $100 million grant from the World Bank to upgrade its urban infrastructure, the Washington based lender announced. The grant is the latest investment to flow to the Southern African nation that has been struggling on two fronts. First an insurgency by Islamist groups in the northern Cabo Delgado province is soaring,…
Rwanda has sent military troops to the Central African Republic, in what the government says is a move to help counter a surge in violence by rebel groups ahead of Sunday’s election. According to a statement from the military, “The deployment is in response to the targeting of the Rwanda Defence Force (RDF) contingent under…