Gabon increased the yield guidance on Eurobonds it plans to sell as part of an exchange of $1 billion of existing debt after initial rates were criticized by Standard Bank Group Ltd. and Jefferies Group Inc. as too low.
Nigerian central bank Governor Lamido Sanusi is preparing to leave his post in June, raising concern among investors that his success in curbing inflation and stabilizing the currency may unravel in a pre-election year.
The Bank of Ghana will probably raise the benchmark interest rate for the first time since May to tame inflation that quickened the most in more than three years because of a weak currency and higher fuel prices.
Sadiq Abubakar is seeing his hopes of an annual bonus fade as Ghana’s central bank hoards dollars, cutting foreign-exchange trading to the least in almost three years and sending the cedi to an all-time low.
Nigeria’s naira is poised to strengthen almost 3 percent in “coming weeks” as the central bank acts to keep the currency near its preferred level of 150 per dollar, according to Standard Bank Group Ltd.
The president of Ivory Coast, the world’s largest cocoa producer, dissolved the government after members of the ruling coalition opposed a new law. Cocoa prices jumped the most in two months in London.