Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook.  Angola’s ratings reflect weak governance indicators, high inflation, high levels of foreign-currency-denominated government debt and one of the highest commodity dependences among Fitch-rated sovereigns, Fitch said.

Fitch Upgrades Ghana to ‘B’; Outlook Positive Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency (LTFC)…

S&P Global Ratings affirmed its ‘CCC+’ long-term and ‘C’ short-term sovereign credit ratings on Burkina Faso, with a stable outlook accorded.

South African Rand Gains as Gold Rises, Oil Prices Ease The South African Rand rallied…

The Central Bank of Kenya (CBK) is scheduled to reopen three Treasury bonds on Wednesday as the authority anticipates a large payout in May.

The South African rand weakened against major crosses in the foreign exchange market as investors sought positions in safer global currencies amid geopolitical pressures.