Africa
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First restructuring under common framework could set an important precedent -
Support from Chinese creditors was a big step forward in a process which has been conducted at a glacial pace
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Investors saw William Ruto as the more market-friendly of Kenya’s potential presidents
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The telecoms firm has cut international debt to 35% of total
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UK bank sells remaining 7.4% stake in overnight block
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Borrowers are reluctant to make deals more complicated when securing any loan is tough
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Kenya has breathing room with no redemptions due until the summer of 2024
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Hopes IMF programme will help restore market access
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China's support means a deal could be agreed by year-end
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Three banks providing $250m loan with insurance support
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Africa sovereign spreads hit hard despite oil price surge
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Lancaster 101 sold a $370m stake in a narrow window between the bank holiday on Monday and Wednesday's US Federal Reserve meeting
