Ray Ndlovu

Some personal news 📣 I have taken up the emerging markets reporter job at Bloomberg News & will cover Africa & broader EM, while helping deepen coverage of local markets scene in South Africa eff. Dec.8. I’ll move to Johannesburg in the New Year. Tips at rndlovu1@bloomberg.net

Senegalese President Bassirou Diomaye Faye named a veteran economist and former central banker as his new prime minister, shoring up his economic team ahead of the restart of talks with the IMF bloomberg.com/news/articles/…

Central African nations have no plans to devalue their currency despite economic challenges faced by a regional body including muted economic growth and low foreign-exchange holdings, according to Bank of Central African States Governor bloomberg.com/news/articles/…

An oil price surge is spurring a re-look at Nigeria’s assets by global investors bloomberg.com/news/articles/…

Citigroup says central Africa’s monetary bloc should consider devaluing its currency, which is pegged to the euro, in order to boost economic growth and stem a slide in reserves bloomberg.com/news/articles/…

Democratic Republic of Congo President Felix Tshisekedi said he’s willing to run for a third term — which is currently unconstitutional — if the Congolese people ask him to through a referendum bloomberg.com/news/articles/…

Emerging equities were in the red on the last trading day of April after oil prices surged above $125 per barrel, though they stayed on track for their best month since 2009. bloomberg.com/news/articles/…

Investors are piling back into some of the riskiest markets, as demand for frontier assets picks up after an initial war-driven selloff bloomberg.com/news/articles/…

Kenya’s shilling is among the most vulnerable currencies in Africa, according to strategists at Wall Street banks, who predict the central bank will dial back on selling dollars and allow the currency to weaken over the coming months bloomberg.com/news/articles/…

Democratic Republic of Congo’s central bank will restrict cash transactions in US dollars starting next April to curb money laundering and improve confidence in the national currency bloomberg.com/news/articles/…

Fitch Ratings sees the possibility of a restructuring of Mozambique’s debt likely ahead of any new deal being secured with the International Monetary Fund. bloomberg.com/news/articles/…

Zimbabwe’s dollar-denominated stock exchange has eclipsed the country’s 132-year-old main bourse, propelled by the biggest listing in the nation’s history bloomberg.com/news/articles/…

Gabon’s dollar bonds sold off the most in more than a year, a day after the International Monetary Fund’s latest report showed the extent of the fiscal pressures which it faces bloomberg.com/news/articles/…

The Iran war is adding to higher borrowing costs which face African nations which are seeing a near doubling of their debt service bill since the start of the decade bloomberg.com/news/articles/…

Nigeria‘s naira has stayed largely stable through the market volatility sparked by the Iran war, but that came at a cost to the nation’s foreign-exchange reserves bloomberg.com/news/articles/…

Kenya is fast approaching the $1 billion mark as it taps foreign currency reserves since the war began and will deploy more fire-power to curb excessive shilling weakness against the dollar bloomberg.com/news/articles/…

The Democratic Republic of Congo has started sale of it maiden eurobond taking advantage of a pause in hostilities between the US and Iran which has whetted investor appetite for riskier assets bloomberg.com/news/articles/…

Mozambique’s dollar bond fell to the lowest in almost three years after authorities gave the strongest signal yet of plans to seek restructuring talks with creditors to ease debt repayment costs bloomberg.com/news/articles/…

Chinese investors are paying cash for Harare’s luxury homes, fueled by Zimbabwe’s mining boom. bloomberg.com/news/articles/…

Emerging-market assets rallied after signals from the US and Iran pointed to a de-escalation in tensions bloomberg.com/news/articles/…

Mozambique has overtaken Senegal to become the most distressed sovereign issuer in Africa for the first time since November, as the Iran war puts fresh strain on its already fragile finances bloomberg.com/news/articles/…