Author: The Editorial Team

ADDIS ABABA (Capital Markets in Africa) — Ethiopia’s government wants to find a “market friendly” solution for a planned debt restructuring to ensure it has access to the markets for more capital in coming years, State Minister for Finance Eyob Tekalign Tolina said. Eyob set out the state’s intentions on a call with investors on Thursday to discuss the proposed reorganization of Ethiopia’s loans under a Group-of-20 initiative. “We want this liability exercise to not…

MAPUTO (Capital Markets in Africa) — Mozambique’s President Filipe Nyusi has finally softened his stiff-necked resistance to foreign assistance in the fight against an Islamist insurgency in the country’s north. Help has been at hand for many months — from other African nations as well as from the U.S. and Europe — but Nyusi would have none of it. Instead, he put his faith in private security firms from Russia and South Africa. On Thursday,…

JOHANNEBURG (Bloomberg) — MTN Group Ltd. is valuing its mobile-money arm at about $5 billion, joining African wireless carriers planning to list these businesses in a region that has more mobile-money accounts than anywhere else in the world. MTN’s valuation of its unit follows Mastercard Inc. and TPG Holdings LPinvesting $300 million in Airtel Africa’s mobile-money business at a $2.65 billion value. “With similar valuations to that of Airtel, our valuation would sit at 75 billion rand, or…